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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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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Market Watch (Free subscription) | 09/18/2009
LONDON (MarketWatch) -- Economists at Barclays Capital on Friday upwardly revised their U.S. gross domestic product forecast and said they now expect the Federal Reserve to deliver its first rate hike in September 2010. Barclays had previously expected the Fed to remain on hold through the end of next year. They expect GDP to grow at a 5% rate in the first quarter "before settling in to a more...
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Market Watch (Free subscription) | 09/16/2009
A MarketWatch report on the United States balance-of-payments deficit cited an incorrect historical comparison. The deficit as a percentage of gross domestic product narrowed to 2.8% in the second quarter.
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Market Watch (Free subscription) | 09/16/2009
NEW YORK (MarketWatch) -- The dollar remained lower Wednesday after the U.S. government's consumer price index rose 0.4%, a little more than economists expected. The dollar index , a measure of the greenback against a trade-weighted basket of major currencies, fell to a fresh one-year low of 76.187 in overseas trade. It traded at 76.452 in recent action. Excluding food and energy, CPI rose 0.1%. Separately,...
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SeekingAlpha.com (Free subscription) | 09/02/2009
The recent release of Gross Domestic Product data from Australia indicated that the country’s economic growth was better and faster at .6% than had been originally expected for the second quarter of 2009, helping to prop up the Australian Dollar versus the Japanese Yen which was forced to retreat from a 6-week high versus the AUD. As reported at 3:24 p.m. (JST) in Tokyo, the Australian Dollar...
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Market Watch (Free subscription) | 09/02/2009
TOKYO (MarketWatch) -- Australia's gross domestic product grew a seasonally adjusted 0.6% in the April-June quarter from the previous quarter, the Australian Bureau of Statistics said Wednesday, beating economists' consensus expectation of a 0.2% rise. The bureau left first-quarter GDP unrevised, at 0.4% on-quarter growth. The main positive contributors to expenditures were new machinery and equipment,...
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CARPE DIEM (Free subscription) | 09/01/2009
UCLA -- Pro-labor policies pushed by President Herbert Hoover after the stock market crash of 1929 accounted for close to two-thirds of the drop in the nation's gross domestic product over the two years that followed, causing what might otherwise have been a bad recession to slip into the Great Depression, a UCLA economist concludes in a new study . "These findings suggest that the recession was...
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SeekingAlpha.com (Free subscription) | 08/30/2009
David Hunkar submits: The White House recently projected that the sharply rising U.S. government deficit could reach $9.05 Trillion over the next decade. In February, after Mr.Obama became President, the projection was around $7 Trillion. Mr. Obama inherited a gaping budget deficit from the previous Bush administration due to tax cuts. “ Still, the deficit, stemming mostly from aid to the financial...
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