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Posts related to ‘Economy’

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April Durable Goods Very Healthy on All Fronts: No Recession Here

Posted: May 24, 2013 at 8:50 am

The durable goods report for April is turning out to look incredibly durable at 3.3% for the month. Bloomberg had the consensus estimate of 1.1% and Dow Jones had the ...
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Germany Dodges Recession, Sentiment Rises

Posted: May 24, 2013 at 7:10 am

Today, Germany confirmed that its first-quarter gross domestic product (GDP) rose by a mere 0.1%. There was some excitement that the largest economy in Europe had dodged a recession, which ...
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NOAA Now Predicts an Active Hurricane Season for 2013

Posted: May 23, 2013 at 1:45 pm

Last year it was Super-storm Sandy and this year we have recently had devastating weather that has hit Oklahoma in the form of one of the most devastating tornado reports ...
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Treasury Still Selling Inflation-Protection TIPS at Negative Yields

Posted: May 23, 2013 at 1:24 pm

Imagine not just loaning the government money for free, but at negative nominal rates. Another fresh Treasury auction of 10-year inflation-protection TIPS just went off yet again at negative interest ...
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Goldman Sachs Calls For Higher Bond Yields… What It Really Means To Your Money

Posted: May 23, 2013 at 12:40 pm

It has been hard to ignore the rise in bond yields on the longer end of the Treasury curve in recent days. The market keeps looking for clues from Federal ...
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New York Fed Sees Stronger 2014 for Growth and Even Inflation

Posted: May 23, 2013 at 12:10 pm

The New York Federal Reserve branch's Liberty Street Economics latest blog posting indicates that the New York Fed staff is targeting stronger growth and perhaps better prices ahead. The change ...
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KC Fed Manufacturing: Finally Positive After Seven Months of Contraction

Posted: May 23, 2013 at 11:25 am

The Federal Reserve Bank of Kansas City is headed by President Esther George, and she is the current policy hawk of 2013, after Richmond's Jeff Lacker had been the big ...
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Weekly Jobless Claims Show Major Drop in the Army of the Unemployed

Posted: May 23, 2013 at 8:50 am

Weekly jobless claims data have been released by the U.S. Labor Department's Bureau of Labor Statistics and may offer at least some support for a very weak equity market this ...
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Americans Give Up on Retirement

Posted: May 23, 2013 at 6:25 am

The American dream of retiring at 65 and keeping a standard of living similar to pre-retirement days has ended for many, if not most, aging citizens. If these people cannot ...
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Fed’s FOMC Minutes Bring More Concern, or Confusion, Over Bond Buying and QE

Posted: May 22, 2013 at 2:17 pm

We have already seen Ben Bernanke testify to Congress today and the aim was to push back an immediate end to the bond buying and to even push back on ...
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10-Year and 30-Year Treasury Yields Screaming, Challenge 2013 Cycle-Highs

Posted: May 22, 2013 at 12:57 pm

Didn't Fed Chairman Ben Bernanke's testimony on Wednesday morning intend to calm fears that the bond buying was going to come to a quick end, or even a quick tapering ...
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Ben Bernanke Pushes Out End of Bond Tapering and End of Quantitative Easing

Posted: May 22, 2013 at 10:15 am

Federal Reserve chairman Ben Bernanke is speaking today in testimony to Congress. While all heads were turned to watch Bernanke's hints and intonations, we do not expect to see any ...
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Recession in Italy Doubles Its Deprived Population

Posted: May 22, 2013 at 7:15 am

Italy's statistics bureau has issued a report on just how badly a recession has crippled its population. According to World Bulletin: Millions of Italians cannot afford to heat their homes ...
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Pension Plan Benefits Flow to Wealthier Retirees

Posted: May 21, 2013 at 4:40 pm

By far the single most common contributing program to a retiree’s household income is Social Security. And the lower a person’s retirement income, the bigger role Social Security plays. For ...
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Economic Confidence at All-Time High — Gallup

Posted: May 21, 2013 at 11:40 am

Americans’ confidence in the U.S. economy rose to its highest level since 2008 last week, posting a reading of -5, compared with prior week reading of -11, according to the ...
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