Miami Herald (Free subscription) | 11/25/2009
Two more potholes in the road to economic recovery appeared Tuesday as Florida's consumer confidence slipped and the U.S. gross domestic product in the last quarter was revised downward.
The Business Insider (Free subscription) | 11/21/2009
Could it be that the fundamental economic indicator that is gospel not only to Goldman Sachs , but to Ben Bernanke in estimating and determining monetary policy , the output gap , provides a flawed reading of the economy? As a reminder, Ben Bernanke has repeatedly expressed little regard for either commodity inflation or US dollar exchange as having an impact on overall US inflation. As Askari and...
SeekingAlpha.com (Free subscription) | 11/20/2009
The United States government has spent trillions of dollars in order to weather the financial crisis. On one hand, the massive fiscal and monetary stimulus has been stimulating the world’s largest economy. But on the other hand it is also likely to undermine long-term growth prospects as the nation will have to take on the burden of a rising federal deficit and national debt. Indeed, the national...
SeekingAlpha.com (Free subscription) | 11/20/2009
Mark J. Perry submits: Somewhat surprisingly, the Economic Research Service of the U.S. Department of Agriculture has some great international historical macroeconomic datasets . According to its website: The International Macroeconomic Data Set provides data from 1969 through 2020 for real (adjusted for inflation) gross domestic product ( GDP ), population, real exchange rates, and other variables...
24/7 Wall St. (Free subscription) | 11/19/2009
The OECD expects the economic recovery in the US to be significantly better than in Europe. In its new Economic Outlook survey the agency says US gross domestic product (GDP) is expected to grow by 2.5% in 2010 and a further 2.8% in 2011. But, “The Euro area economy is projected to grow next year by 0.9% and [...]
Market Watch (Free subscription) | 11/17/2009
BOSTON (MarketWatch) -- Lincoln National Corp. Chief Executive Dennis Glass on Tuesday said with at least two-thirds of U.S. gross domestic product tied to consumer spending, it is "hard to see a quick, robust recovery" in the economy after the credit crisis. "It just seems hard from my perspective with 10% unemployment," Glass said at a conference for investors and bankers. Although...
The Goat Rope (Free subscription) | 11/13/2009
The Tao Te Ching , for my money the wisest book ever written, has a line in it that has confused readers for 2000 years or so: Give up sainthood, renounce wisdom, And it will be a hundred times better for everyone. I'm with Lao Tzu on that one. It seems to me that when members of an inherently flawed species adopt impossible standards of righteousness and purity, they can often wind up doing more harm...
CARPE DIEM (Free subscription) | 11/04/2009
NEW YORK, November 2, 2009 – The Dow Jones Economic Sentiment Indicator (ESI) rose to 36.9 in October, up from 34.1 in September as a result of positive media coverage of ongoing stock market gains and news that the gross domestic product rose at an annual rate of 3.5 percent in the third quarter (see chart). The gain in the ESI runs counter to unexpectedly large drops in two leading consumer-based...
SeekingAlpha.com (Free subscription) | 11/04/2009
Wade Slome submits: The drought in higher interest rates may be nearing an end? Ever since the global financial crisis accelerated into full force in the fall of 2008, there were a constant flow of coordinated interest rate cuts triggered around the world with the aim of stimulating global GDP (Gross Domestic Product) and improving credit flow through the clogged financial pipes. Central banks across...
Market Watch (Free subscription) | 10/28/2009
SAN FRANCISCO (MarketWatch) -- Bank economists trimmed their outlooks for third-quarter economic growth on Wednesday after the Commerce Department said orders for U.S.-made durable goods rose as expected in September, but core shipments fell 0.2% from August. Shipments data excluding defense and aircraft bookings is used to model gross domestic product. Goldman Sachs economists cut their forecast...
Smart Money (Free subscription) | 10/22/2009
China Worries Prompt Asian Stock Sell Off GOOD MORNING. Stocks in Asia closed lower today; U.S. futures are pointing to a weak open. Talk about a global growth engine. China has been critical to pulling the world out of recession, and Beijing reported today that economic growth has accelerated (once again). Gross domestic product grew 8.9% in the third quarter, the fastest pace in a year. That was...
PR News Wire (Free subscription) | 10/02/2009
FORT LAUDERDALE, Fla., Oct. 2 /PRNewswire/ -- The Alta Group's fifth annual report on equipment leasing in Latin America, The Alta Group LAR 100 for 2008, shows the region's leasing industry is expanding four times higher than its Gross Domestic Product (GDP) growth rate. Alta estimates that the industry in 2008, valued at US$ 71 billion in leased portfolios, grew 15.8% in US dollars and 16.7% in real...
SeekingAlpha.com (Free subscription) | 10/02/2009
Michael Panzner submits: It's that time again -- the day of the month when I put together a Market Observation column for my good friends at Financial Sense . Below is a snippet from Thursday's commentary, entitled "Interesting Divergences": Many people have been talking about the death of the U.S. consumer. But if you look at personal consumption expenditures (better-than-expected data...
PR News Wire (Free subscription) | 09/29/2009
BERKELEY, Calif., Sept. 29 /PRNewswire/ -- A new analysis by economists at University of California, Berkeley finds that the pollution reduction and energy efficiency measures contained in the American Clean Energy and Security Act (ACES) - already passed by the U.S. House of Representatives -- could create between 918,000 and 1.9 million new jobs, increase annual household income by $487-1,175 per...
SeekingAlpha.com (Free subscription) | 09/25/2009
All Things Forex submits: The busy week ahead will be filled with a number of market-moving economic releases, but without a doubt, the U.S. Non-farm Payrolls and Employment Situation report, along with the U.S. Gross Domestic Product, will steal the spotlight. In preparation for the new trading week, here is a quick look at the most important economic events that every currency trader should pay...
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