The End Of The Recovery, In One Chart
One of the questions on analysts’ minds lately is whether stock prices can keep moving up when corporate sales and profits are falling. But the
One of the questions on analysts’ minds lately is whether stock prices can keep moving up when corporate sales and profits are falling. But the
The big retail chains are generally seen as pretty good barometers of the health of “the consumer.” And since — in today’s late-cycle debt-binge pseudo-capitalism
Normally there’s a distinct pattern to the impact of Federal Reserve statements on the financial markets. The tone of equities trading in particular starts to
The past few days have seen another batch of blah economic reports in the US: Weak U.S. retail sales hint at slower economic growth (Reuters)
The homebuilders are happy. US retail sales are up. Even France is “turning the corner.” And now the Atlanta Fed, which has lately been both
US factory orders tanked again this morning, and were generally reported that way at first. To take just a few of the low-lights: Factory orders
When a country pegs its currency to a bigger one like the US dollar, it in effect outsources its monetary policy to the operator of
Another day, another “unexpectedly” bad economic report. Lately it seems like a lot of what US government statisticians say comes as an unpleasant surprise for
In his book The Postcatastrophe Economy, iTulip’s Eric Janszen notes that financial bubbles don’t repeat. That is, yesterday’s bubble is never tomorrow’s because hot money
Like any other weak-willed entity, an over-indebted country eventually finds that formerly-easy things get harder to do. Today, for instance, banks are having trouble attracting
Today the US took its next-to-last stab at calculating First Quarter GDP, and the downward revision was impressive even by recent standards. It now appears
In one sense, energy doesn’t matter all that much to what’s coming. Once debt reaches a certain level, oil can be $10 a barrel or
As expected, the US revised the most recent quarter’s GDP from barely positive to sharply negative today. But once again the true extent of the
Ah, the Italians. They’re good for at least one entry in the “Why We’re Ungovernable” series each year, and their latest is the best yet:
While the rest of the world is slowing down and in some cases dropping into actual deflation (see here and here, respectively) the US has,
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