Moody’s “Summer of Discontent”
Moody’s issued its cleverly titled “Summer of Discontent” analysis of the global economic situation. The comments about the next quarter were dire, but, as usually, the rating agency was late in its evaluation and…
Economy
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Newest first · Page 350FOMC Minutes Show No Real Sign of QE3
The Federal Reserve Open Market Committee has just released the minutes from its June FOMC Meeting and investors are going to take the news as a disappointment if they were hoping for more quantitative…
IMF to Cut Global Growth Forecasts in Another Blow to Confidence
An extraordinary number of actions have been taken recently that show a rising belief the global economy is in trouble. First among these are the rate actions taken by the European Central Bank, Bank of England…
Challenger Gray–Layoffs Hit 13-Month Low
In a very modest sign that unemployment has not risen sharply, employment consulting firm Challenger, Gray & Christmas reported that Planned layoffs fell to a 13-month low in June, as U.S.-based employers announced job cuts…
ISM Recession Watch: Weakest In Three Years
Is a U.S. recession on the way? If the Institute for Supply Management’s Report on Business in manufacturing is any key, we are very close. The PMI (purchasing managers index) came in at 49.7%,…
More Action From The Europe Summit
nationsonline.org“What is at stake is not only the economic integration, it is also the overall economic confidence in the euro area, and indeed, our commitment to the European project,” said European Commission president Jose…
Dallas Fed Showing Growth Again
The Federal Reserve Bank of Dallas has released its report for manufacturing activity in the month of June. Some regions are seeing continued slowing growth, but the Dallas Fed district went up back into…
Why Unemployment Could Rise This Year
The number of jobs the economy has added in each of the past four months has been weaker than expected. May unemployment numbers show that only 69,000 jobs were added. The national unemployment rate…
Which Unemployment Numbers to Believe
The federal government’s monthly unemployment numbers are gospel, at least to the financial markets. But they are revised at least once, often twice, after they are issued. An early signal of what the federal…
Empire State Manufacturing Shows The Death of Growth in New York Fed Survey
There has been a significant slowing of growth measured in the June Empire State Manufacturing Survey which now shows that manufacturing hardly expanded in the month. With so many weak economic releases of late…
Working Longer — 67 is the New 65
The OECD has released a new report on retirement and pensions that conclude that governments can in fact raise retirement ages gradually as life expectancy rises in order to ensure that national pension plans…
The U.S. Recession Continues with a Vengeance
Month after month, Gallup polls about how Americans view the economy have shown that many people believe the United States is still in a recession. A few have described the economy as in a…
UK Production Falls
Industrial production in the UK fell in April which in another sign that the economy there has fallen into recension. The Office of National Statistics reported: The seasonally adjusted Index of Production fell by…
Fed’s Yellen Still Sees “Headwinds”
Fed No.2 Janet Yellen left the door wide open for a shift toward QE3, which has appeared more likely since the May jobs report. She noted “headwinds” in her comments before the Boston Economic…
Fed’s Beige Book Remains Positive & Ignores Most Recent Weakness
The Beige Book released today from May sounds a bit out to lunch. Maybe it is because the data is old, but the general trend here is more positive than negative. While none of…