Let’s cut to the chase. According to the BLS household survey (CPS), there were 1,446,000 fewer people working full time in August than in August 2008. That’s after an…
Lee Adler tells CNBC Africa that the Fed may be tapering, but the key to the US market will now be in the actions of the BoJ and ECB. Subscribe to the Professional Edition for my proprietary research.
A tincture of green for the early openers: Kiwis +0.4%, Aussies +0.1%, Nikkei +0.7% and Sth Korea -0.2%.
In Aussie sectors, Gold -2.3% is the big loser with REITS/Energy doing a bounce, +0.7%.
A good deal of attention has already been paid to the growing divergence between small cap and large cap stocks so far this year. The former have seen a small decline while the latter have risen about 8%. But I’ve seen very little commentary regarding WHY this might be happening. Of the many divergences the […]
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) meeting today went according to plan, as the Fed will continue to taper bond purchases and is maintaining hushed tones on interest rate increases after the third round of quantitative easing (QE3) ends.
As far as monetary policy is concerned, nothing changed.
While many economists and market watchers have failed to notice, we have entered a new chapter in the short and checkered history of central banking. This paradigm shift, as yet unaddressed in the textbooks, changes the basic policy tools that have traditionally defined the sphere of macroeconomic decision-making.
Eduardo Porter’s New York Times column from yesterday is worth a quick read mainly for two reasons. Not because it sheds much light on its title question of whether globalization is in retreat. Instead, it’s noteworthy because of two valuable contributions to the U.S. manufacturing renaissance debate.
The word “gloomier” inconveniently showed up to describe CEOs outlook about sales, employment, and capital expenditures. Yet, these CEOs spend record amounts, not on productive uses such as capital expenditures or hiring more people, but on buying back their own shares.