Why Ben Bernanke May Call a Do-Over
Ben Bernanke’s post-FOMC comments on bond tapering this week may have been misinterpreted, or maybe the market reaction will prove to be correct. What has happened is that the markets are experiencing the one…
Economy
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Newest first · Page 333Is Greece About to Implode All Over Again?
ThinkstockThis week has been a disaster for emerging markets, and now it appears as though Greece is going to come back up as a key spot of financial turmoil. The question is whether anyone…
St. Louis Fed President Explains It All
ThinkstockAt the FOMC meeting that ended Wednesday and started the equity market tumble, two members of the committee voted against the Fed’s decision to leave rates and asset purchases as they were. Kansas City…
International Jobs Data: Anxiety, Near Despair
ThinkstockAnxiety about whether people can get good jobs remains particularly high, despite the so-called end of the recession in many parts of the world. It should be expected that the data from Europe would…
Greek Government May Fall over Austerity
ThinkstockSome of the parties that form the coalition that rules Greece have pulled out of the alliance. It appears another European government could fall over the question of austerity, or at the very least…
Gains in Leading Indicators and Surge in Philly Fed Fail to Entice Buyers
Frank Golhen, via Wikimedia CommonsThe stock and bond markets remain weak on Thursday. After a weak report on weekly jobless claims, now we have a report on leading economic indicators and data from the…
HSBC Cuts 2013-14 China GDP Forecast: Is Global Growth Downgrade Next?
ThinkstockIf China is truly the world’s growth engine, there is about to be less growth and less reason to be optimistic about the global recovery. HSBC has trimmed its gross domestic product forecasts for…
Weekly Jobless Claims Headed the Wrong Direction, Compared to Bernanke Fears
Ed Brown, via Wikimedia CommonsThe U.S. Labor Department is showing that weekly jobless claims are headed in the wrong direction. Just a day after Fed Chairman Ben Bernanke was interpreted as cutting off the…
China PMI Shows Deep Economic Distress
ThinkstockMarkit issued its PMI data for China in June. The numbers were awful, and another indication that the economy in the People’s Republic is in great trouble. Modest stimulus packages and other actions by…
German PMI Shows Slight Economic Recovery
ThinkstockMarkit issues its flash PMI for Germany and several other nations: Marginal growth in output was recorded in the German private sector during June, but latest PMI data pointed to declining new orders and…
Tropical Storm Barry Forms in Gulf, Mexico on Watch
flickr / gsfcTropical Depression Two has now come Tropical Storm Barry. The storm has formed after crossing the Yucatan and in the Gulf of Mexico off of the eastern coastline of Mexico. The current…
FOMC Delivers on No Tapering, Better Forecasts Spook Markets
courtesy U.S. Federal ReserveThe bond market and stock market have both been anxiously awaiting the announcement from the FOMC and a conference from Ben Bernanke after the Fed’s two-day meeting. Perhaps the markets have…
Immigration Law: Flaws with CBO Analysis on Federal Budget
ThinkstockThere was tremendous excitement among members of Congress and then the general public when the Congressional Budget Office (CBO) released data that showed that “enacting S. 744 would generate changes in direct spending and…
National Hurricane Center: Tropical Depression Two Forms, Tropical Storm Expected
ThinkstockA new alert has gone out from the National Weather Service regarding tropical storm activity. The note signals that Tropical Depression Two has formed in the 2013 hurricane season. The storm’s current location is…
Empire Manufacturing Looks Great on the Surface, Not So Much After Breaking Out the Data
ThinkstockStocks were already higher this Monday morning in early trading, and now we have some economic readings to support the gains. The Empire Manufacturing Index is released monthly by the Federal Reserve Bank of…