In recent posts, Pierre Lemieux and Scott Sumner refuted a common but mistaken idea: that because gross domestic product can be calculated by taking national expenditure data (i.e., the “C + I + G” part of the equation) and adding the value of exports
September 15, 2018
The US stock market continues to rise because it is increasingly dominated by shrinking “availability & supply”, All three stock “Pools” are shrinking in a stealth & unappreciated fashion, There is an increasing potential for a “Minsky Melt-Up” based on
The ECB would like you to believe the European banking system is sound and banks are better regulated. They aren’t. Ten years after Lehman there are numerous statements from bureaucrats, academics, media and others that banks are now better
Picking up where we left off last week, we discussed the sell-off after the initial breakout to all-time highs and the continuation of the bull market rally. To wit: “Currently, it is pathway #2a which continues to play out fairly close
Over the last few years, an improving domestic economy and rising demand for residential mortgages have favored the U.S. savings and loan industry. Rising income of Americans, along with relatively low interest rates, has supported the housing market by enhancing
EUR/USD had a choppy week amid market mood swings. What’s next? Apart from Trump’s tariffs and Brexit, the PMI data stand out. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The European Central
Our analysis of the S&P 500 (SPX) is for stocks to continue with some minor upside before the declining phase of the current market cycle begins. Our minor support zone is between 2860-2880. Yet once we hit late September, we
by Nick Cawley , Analyst Fundamental Forecast for GBP: Bullish STERLING (GBP) TALKING POINTS: Brexit continues to dominate although hard UK data surprises to the upside. Bank of England remains cautious as talks progress. We remain bullish on Sterling going into next week after
“Under this system [Bretton Woods II and the petrodollar], the U.S. is running massive current account deficits to be the source of export-led growth for other countries.To fund this deficit, central banks, particularly those on the Pacific Rim, are buying
Who could have seen this coming? For the first time in a decade, buybacks account for the biggest share of corporate cash use by S&P 500 companies. In the lead up to the passage of the Trump tax cuts late
