Today’s revised second quarter gross domestic product (GDP) figures show that inflation-adjusted U.S. exports hit a new quarterly record of $2.0807 trillion (annualized) – but that real imports stayed at a record level, too ($2.5411 trillion annualized).
Lee Adler pulls back the paper curtain of Wall Street propaganda on the housing data and broader, more timely economic data. Housing may be slowing, but the broader economy isn’t. He tells why that’s bearish is the big picture, but…
Will the ECB’s new lending program really make a difference? Lee Adler gives a definitive answer, tells why, and tells you what to look for to take advantage or protect your portfolio. Subscribers may click here to open or right…
Early openers mostly static: Kiwis and Aussies flat, Nikkei -0.9% Sth Korea -0.1%.
Aussie sectors trading lethargically: Telecomms +1% down to Consumer Staples -0.7%.
Declines in payroll shares are more severe in industries that face larger increases in competitive pressures from imports.
There is nothing like the release of secret tape recordings to clarify an inconclusive debate. I recall that happening with Nixon back in the day. Even as a Washington apprentice I could see that he was a ruthless, power hungry abuser of his office, but much of official Washington just denied it. Then came the tapes. Soon there was…
There he goes again. At the end of 2012, James Fallows contributed one of two Atlantic cover stories claiming that America is on the verge of spurring a renaissance in its manufacturing sector or actually starting to enjoy one. Since then, we’ve discovered:
I played fiddle at a small-town, country dance last night with several other musicians and it was a merry enough time because that kind of self-made music has the power to fortify spirits. About half the dancers were over 40 …
There is a lot of lip service being paid to the upcoming stock market crash that we’re supposed to expect once the Federal Reserve starts raising rates.
Every time we get close to a regularly scheduled Federal Reserve statement, financial pundits pontificate about the nuances of what the Fed Chair might say, not say, or imply.
There are many parallels to the zany days of the dotcom bubble, but this time, it’s different: it has a darker hue.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.