GDP revision day! Estimates are for 1.1% for the 2nd quarter. Not what anyone would call gang-buster growth.
First a couple of historical charts. As can be seen, the growth for the U.S. is sloping lower.
Components of GDP and Trend
Dispersion of estimates
Summary of estimates
The...
Some of the more interesting and important items for August 25th :
Bonds Are Most Expensive Since Lehman Collapse Versus Stocks: Japan Credit – Bloomberg – Japanese bonds are the most expensive relative to local shares since the collapse of Lehman Brothers Holdings Inc. amid growing doubts that companies‘ earnings will...
A 4% plunge on any index is not often seen. But to see it happen on the DAX is surprising. It is unfortunate that Germany has allowed themselves to get in this bind. Germany’s finances and economy are being ripped apart by the misdeeds of countries that did not keep...
There is nothing to cheer about in the land of the empty houses. It would be a great idea if someone could come up with a reasonable idea to start the process of getting buyers to stop waiting for housing prices to move lower. Mr. Bernanke knows that deflation is...
Yesterday on CNBC, the usual morning hosts were all on vacation. That left the job of entertaining the audience to Tyler Mathisen, Michelle Caruso-Cabrera and and the always “exciting” John Harwood.
In an interview with David Rosenberg this morning, Harwood tried to get clarification from the wordy...
