Coronavirus Brings More GDP and Earnings Downgrades With Added Recession Risks
The good news, at least for now, even considering the stock market bloodbath that has been seen, is that a recession is not already unavoidable.
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Why the Market Is Ignoring a Very Strong Jobs Report
Why is a solid jobs report was being ignored early on Friday? Is the assumption that things are going to be much worse in a week, a month and maybe for much longer?
What Will Happen to Italy’s GDP?
No one questions that COVID-19 will spread considerably in Italy. The nation's gross domestic product, much of which relies on tourism, could be massively damaged this spring.
Modern History of Surprise Rate Cuts: Do They Actually Work?
Here is a list of the so-called emergency rate cuts made by the Federal Reserve in the modern era. There is even a surprise rate hike in there too.
Consumer Sentiment Index Shows Signs of Slowing Down
The Morning Consult consumer sentiment index has continued falling since Monday, but the rate of decline has slowed somewhat. Tuesday's Fed rate cut came too late to have any impact on the latest index…
Was the Emergency Fed Rate Cut for the Coronavirus Really a Nothingburger?
Sometimes the market demands economic stimulus above and beyond logic. Other times economic stimulus is exactly what is needed.
Consumer Expectations Fell 10 Times Faster Last Week Than in Prior 2 Weeks
Consumer research firm Morning Consult reported Monday morning that its consumer sentiment index fell sharply last week.
How the IMF Can Help Nations Suffering From the Coronavirus Outbreak
The IMF announced on Monday that the organization stands ready to help nations deal with the financial and health effects of the COVID-19 outbreak.
US Manufacturing for February Looks Weak, Unless Compared to China
Two fresh competing looks at U.S. manufacturing data for the month of February would be considered a mixed bag, aside from comparing the data to China.
OECD Global Growth Forecast Shrinks on Coronavirus Concerns
The OECD has chopped its forecast for 2020 global economic growth by half a percentage point. The coronavirus outbreak and its impact on China are the primary causes but other risks also exist.
Beyond Rate Cuts, 8 Non-Traditional Federal Reserve and Government Tools to Fight Coronavirus Economic Ruin
One of the biggest concerns in the financial markets at this time is that governments and central banks have few obvious policy tools to help keep their economies going if what was seen in…
As China’s Manufacturing PMI Hits Record Lows, Coronavirus-Linked Recession Concerns Rising
China released its Purchasing Managers Index (PMI) for February and what was expected to be a very bad report showed an even worse reading.
US Consumer Sentiment Improved in February, but Coronavirus Overhang Looms
The University of Michigan Consumer Sentiment Index for February rose by 1.2% month over month and 7.7% year over year. The impact of recent fears for the spread of the coronavirus have just begun…
Does US Have to Brace for a Loss of a Million Jobs?
Months of job increases could be reversed quickly if industries such as retail, travel and consumer goods suffer a drop in demand. The remedy to a fall-off in revenue is usually cost cuts, and…
Record-Low Treasury Yields: Coronavirus vs. Rate Cuts and Inverted Yield Curves
Long-term Treasury yields are at lows that have never been seen before, and parts of the yield curve are inverted. With a fresh case of the coronavirus in the United States, the markets are…