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US Q3 GDP Revised Higher To 3.2%, Beating Expectations, On Stronger Consumer...
The unexpected economic growth spurt continued in the third quarter, when real GDP rose 3.2% according to the “second” estimate released by the Bureau of Economic Analysis, beating estimates of a 3.0%...
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Carrier & The Broken Window Narrative
Submitted by Lance Roberts via RealInvestmentAdvice.com, “Trump saves jobs in Indiana before even being President. This is how you make ‘America Great Again.” Between promises to cut corporate taxes...
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Markets Award Trump Nobel Prize In Economics
Submitted by Jake Weber via GarretGalland.com, It took only nine days in office for President Obama to be nominated for the Nobel Peace Prize. Less than nine months later, the Norwegian Nobel Committee...
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Goldman’s 10 Most Important Questions For 2017
Goldman Sachs is relatively optimistic about growth in 2017, for three reasons: first, despite the lack of spare capacity, US recession risk remains below the historical average; second, financial...
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Nuclear Arms Race + Infrastructure + Trump = Inflation
Last year, Mack Research compiled a five-part series (part 1, 2, 3, 4, 5) on the inflation situation in the United States. We tried to create a holistic view by addressing inflation from a number of...
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With All Eyes On Trump Tonight, US Futures, Global Stocks Hug The Flatline
With traders focused on President Trump’s address to Congress tonight where he is expected to outline his economic priorities and provide plan details, European stocks are little changed for a second...
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US Economy Grew 1.9% In Q4, Unexpectedly Missing Expectations Despite...
Following a series of better than expected GDP-feeding prints, consensus had expected Q4 GDP to tick higher in the first revision released today, rising from 1.9% to 2.1%. However, that did not happen...
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Immigrants Flood Into Japan At A Record Pace
Japan’s demographic “time-bomb” has been widely documented in recent years: as we discussed most recently in February, as troubling as Japan’s deflationary economic quagmire is, the biggest threat...
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Key Events In The Coming Week: FOMC Minutes, GDP, BOC, OPEC And More
The key highlights in the coming week are the Fed minutes, the Eurogroup meeting on Greece, the OPEC meeting and Bank of Canada rate decision. We also get GDP releases in the US, Eurozone, and UK,...
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Global Rally Fizzles After “OPEC Shock” In “Slow Risk-Off Session”
S&P futures were fractionally lower from yesterday’s record high as European stocks declined and Asian stocks were mixed, pressured by yesterday’s 5% plunge in crude after OPEC unexpectedly “failed...
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UMich Confidence Shows Partisan Divide Widest Ever But All Agree It’s Time To...
UMich confidence is stable at its post-Trump plateau for now, but the partisan divide between Republicans (robust economic growth ahead) and Democrats (recession looms) has never been wider. However,...
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‘Vice’ Index Shows U.S. Slowdown Ahead
Authored by Andrew Zaitlin via MoneyBallEconomics.com, Slower Spending Growth In Q3 When Vice spending momentum began to slow in February, I blamed near-term noise. I thought it might be tied to...
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Yellen’s Dovish Turn: Concerned About Inflation, Sees Little Room For Rate...
Fed Chair Janet Yellen's prepared remarks confirm her previous stance that they will keep normalizing their policy stance (no matter what), bringing forward the timeline for unwinding the balance...
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How Big Of A “Deleveraging” Are We Talking About?
Authored by Lance Roberts via RealInvestmentAdvice.com, Last week, I discussed the issue of debt and why “people buy payments.” This article generated much discussion and several emails including the...
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“It’s Time For Markets To Catch On”– Central Bankers Warn ‘Investors Are Too...
Authored by Lena Komileva, originally posted at The Financial Times, The US Federal Reserve raised rates for the third time in six months in June, even though inflation had stayed below its 2 per cent...
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“I Was Wrong”: Albert Edwards Finds Something That Has Never Happened Before
At the start of the year, we were surprised when SocGen’s Albert “Ice Age” Edwards, the biggest perma-deflationist on Wall Street, flipped his outlook on the US economy, and said he now expected a fast...
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August Payrolls Preview: Prepare For Disappointment
If there is one common theme across sellside previews of tomorrow’s nonfarm payrolls number, expected at 180K after a surprising jump to 209K in July, it is to brace for disappointment, or in Wall...
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Full Preview Of Tomorrow’s “Historic” FOMC Meeting
It is virtually guaranteed that tomorrow the FOMC will make history by officially announcing the Fed’s plan to begin shrinking its balance sheet through the gradual phasing out of bond reinvestments,...
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Global Bond Rout Accelerates Even As Dollar Rally Fizzles
In a continuation of trading patterns observed over the previous two days, on Thursday the global bond rout deepened in the aftermath of the release of President Trump’s tax-cut plan, Janet Yellen’s...
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Watch Live: Janet Yellen Makes Final Appearance Before Congress
With only three weeks left until her final meeting as chairwoman of the FOMC, Fed Chairwoman Janet Yellen today will make what's expected to be her final appearance before Congress when she delivers...
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