All Posts Tagged With: "US economy"
Economic Data Could Add to Market Woes This Week
Amid the billion-dollar bankruptcies and bailouts it can be easy to forget about the rest of the economy. Christian Hill says data from this week should reveal ongoing weakness in the housing market and wider economy. Hardly what the market wants to hear right now…
Home Foreclosures Continue to Soar Delaying U.S. Economic Recovery
There’s more bad news ahead for the U.S. economy as home foreclosures continue to rise. One out of every 483 U.S. households is at some stage of the foreclosure process, and with that many displaced or struggling homeowners, the economic recovery may well take longer than expected.
China Defies Global Economic Slowdown
Data released this week show that China is still flying in the face the global economic slowdown. Retail sales there soared 21.6% year on year in May, despite a devastating earthquake and stock market slump. Exports for the same month surged 28.1%, even as demand in major western markets faltered.
“The export statistics are serving as evidence of an economic theory known as ‘decoupling,’”, writes Jason Simpkins in Money Morning, “in which emerging markets in Asia and Europe have developed enough market place muscle to no longer be dependent on the U.S. economy for growth”.
How the Economy Looks in Colorado
We haven’t given you much of a view of how the economy here looks in Colorado. Sorry. We’ve been too busy eating massive portions of food while fending off rubber-band toting nieces and nephews. But since we’re on our way back to Melbourne tomorrow, how about a few parting observations from Colorado?
Base Metals Continue Weak - Huge Copper Surplus Predicted for 2009
The base metals were mixed again on Thursday. Copper sank during the pre-dawn hours and fought its way back during the New York session though it fell short of positive territory at $3.6068/lb., down more than a penny and a third.
The Wrong Kind of Bubbles
A typical financial tale – where nothing goes as hoped for, and everything goes as it should…*** The rise of speculative capital…pumping up a bubble with a chip on its shoulder…*** The three vicious cycles we must face…an interesting TIME cover…and more!
Dallas Fed President Lends Credibility to Money Morning’s Prediction That the Federal Reserve Will Soon be Boosting Interest Rates
Just one day after Money Morning predicted that the U.S. Federal Reserve would soon be forced to increase interest rates, Dallas Fed President Richard W. Fisher said he expected the central bank would raise interest rates should inflationary pressures start causing severe consumer pain.
This is a Strange Recession
Falling confidence, weak dollar, wasting employment, backtracking GDP… many things point to a recession, but it’s certainly an odd one.
US Recession ‘Just Started’ Says JPMorgan Chase CEO
The US recession (sorry, Mr President: ‘downturn’) is just beginning, according to JPMorgan Chase boss James Dimon.
According to a report in The Huffington Post blog, Dimon said at a conference in New York: “Even if the capital markets crisis resolves, it does not mean that this country will not go into a bad recession. The recession just started.”
“We don’t know if it’s going to be mild or severe,” he continued. “We’re thinking there’s a third of a chance that it’s going to be pretty bad … closer to the 1982 recession than the very mild recessions we had in 2001 and 1990.”
And Then There’s This…Thursday, May 8, 2008
On Wednesday, neither gold nor silver showed any sort of direction…but they generally drifted lower before the Comex open. Of course the dollar rally didn’t help…but then again, oil was up to almost $124/barrel, so that should have made a difference but it didn’t.
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