I keep on hearing about the supply-side miracle associated with the the Reagan era tax cuts. What do changes in estimated potential versus actual output suggest? Figure 1: Year-on-year growth rate of real GDP (blue), and of potential GDP (red), calculated
May 9, 2018
Shares of Monro (MNRO) and other tire and auto parts retailers are sliding after Sears Auto Centers (SHLD) announced that it is working with Amazon (AMZN) to provide full-service tire installation and balancing for customers who purchase tires through the
Roman poet Juvenal is perhaps remembered most for his plaint about his countrymen’s declining heroism. In his Satires, he wrote: “The people that once bestowed commands, consulships, legions, and all else, now meddles no more and longs eagerly for just
After reporting a positive earnings surprise of 14.3% in the final quarter of 2017, Office Depot, Inc. (ODP – Free Report) delivered in-line earnings in the first quarter of 2018. Meanwhile, the top line came ahead of the Zacks Consensus Estimate for the third
Top tickers for midday: WFT, BAC, BP, GE, ABBV, RIG.
Wholesale inventories rose less than economists expected. The advance estimate was simply too high. The Econoday consensus range for wholesale inventories was 0.5% to 0.6% in line with the advance estimate. Instead, the Census Department reported March Wholesale Inventories at +0.3%. February
The AUD/USD reached the lowest levels in 11 months and began recovering as the US Dollar finally takes a breather. However, the pair may run into massive resistance. The Technical Confluences Indicator shows that the 0.7477 level is the convergence of the Simple Moving Average
In July of 2015, CNN Money featured an article with the optimistic and intriguing title “More American teens are getting jobs. That’s good for everyone.” The article opens with an example of 16-year-old Lauren Miller, who loves her minimum wage job at
There are some signs US consumers are beginning to save up a little and cut down on credit card debt. If – big IF – sustained, this will have consequences for the economy, not to mention stocks. In general, a
In recent months, the dollar has continued to strengthen against all the major peers. The dollar strength is as a result of several factors. First, the US treasuries have continued to climb, with the ten year yields reaching a high
