Sooooooo, I need to nitpick. Over the weekend, Steven Rattner wrote a more or less reasonable op-ed in the New York Times arguing that today’s young adults have been dealt a crappy economic hand, and that aging Baby Boomers ought to do more in order them out a bit. Show More Summary
Progressive favorite Bernie Sanders has proposed raising the federal minimum wage to $15 an hour. If you want a simple illustration of why that's such a staggeringly misplaced idea, look no further than this map from the Pew Research Center. Show More Summary
Greece's stock market opened for business today after five weeks of suspended trading. As was to be expected, shares fell—a lot—because Greece's economy has been absolutely whomped by the recent fallout from its debt crisis, and it's still not 100 percent certain the country will strike a deal to stay in the eurozone. Show More Summary
Another day, another article about the gendered impacts of air conditioning. Here's the story: North American offices are air conditioned to a temperature which is, from a female perspective, too cold. Women shiver at their desks; men are just fine....
Ms. Yellen said explicitly in that March speech that she is prepared to start moving interest rates up even before she sees sure signs that wages are rising faster. The post Fed’s Yellen: “We Don’t Need No Stinking Wage Growth!” Despite Not in Labor Force Rate at 37.3 Percent appeared first on The Wall Street Examiner. Show More Summary
economic crisis is weighing pretty heavily on banks' Non-performing Loans. The post IMF on Russian Economy: Private Sector Debt appeared first on The Wall Street Examiner. Follow the money! See and understand the liquidity flowing from the Fed, Treasury, and other major central banks and primary dealers as they impact markets in the Wall Street Examiner Professional Edition.
The market pulled back slightly again on Monday, validating the new short term downtrend channels on the S&P and Dow, but not doing much more than that. Market Update Pro subscribers (Professional Edition), click here to download complete report in pdf format. Show More Summary
In its latest assessment of the Russian economy, IMF has reduced its forecast for General Government deficit for 2015. The post IMF on Russian Economy: Debt Sustainability appeared first on The Wall Street Examiner. Follow the money!...Show More Summary
There are a lot of ways to define “inflation.” There are a lot of ways to measure “inflation.” Economists, the Fed, and Wall Street define “inflation” to apply only to consumption goods, things we actually use and consume. Hence theShow More Summary
IMF actually upgraded, marginally, Russian forecasts for 2015-2016 The post IMF on Russian Economy: GDP Growth Upgrade for 2015-2016 appeared first on The Wall Street Examiner. Follow the money! See and understand the liquidity flowing...Show More Summary
Europe - posting the most disastrous, by a mile, demographic prospect of all regions. The post You Won’t Believe the Mind Blowing Demographic Disaster That Europe Will Be appeared first on The Wall Street Examiner. Follow the money!Show More Summary
Gold has hit a key intermediate cycle projection, but risks remain high. Download this report to see where the key parameters are which would either say the metal is out of danger or headed for a renewed plunge. Click here to download complete report in pdf format (Professional Edition Subscribers). Show More Summary
It's widely agreed that Jeremy Corbyn's popularity is due in large part to the mediocrity of the alternatives. As if to demonstrate this, Chris Leslie - Shadow Chancellor - claims that Corbynomics would be inflationary. This isn't wholly unreasonable. A...
The latest inflation figures aren't making the Federal Reserve's job any easier.
From the Federal Reserve: The July 2015 Senior Loan Officer Opinion Survey on Bank Lending PracticesRegarding loans to businesses, the July survey results indicated that, on balance, banks reported little change in their standards on commercial and industrial (C&I) loans in the second quarter of 2015. Show More Summary
Based on a WardsAuto estimate, light vehicle sales were at a 17.5 million SAAR in June. That is up 6.4% from July 2014, and up 3.3% from the 17.0 million annual sales rate last month. Click on graph for larger image. This graph shows...Show More Summary
The Wall Street Journal’s Daily Report on Global Central Banks for Monday, Aug. 3, 2015. Jon Hilsenrath writes that the Fed may proceed with a raise in short-term interest rates even if wage growth isn't accelerating.
The Census Bureau reported that overall construction spending increased slightly in June:The U.S. Census Bureau of the Department of Commerce announced today that construction spending during June 2015 was estimated at a seasonally adjusted annual rate of $1,064.6 billion, 0.1 percent above the revised May estimate of $1,063.5 billion. Show More Summary
Note: This was released early.The ISM manufacturing index suggested expansion in July. The PMI was at 52.7% in July, down from 53.5% in June. The employment index was at 52.7%, down from 55.5% in June, and the new orders index was at...Show More Summary
(August 3, 2015 02:04 PM, by David Henderson) There has been a lot of excitement recently over what many people call the "sharing economy," in which new firms such as Uber, Lyft, Airbnb and other website businesses are increasing the value of capital assets. Uber and Lyft allow... (1 COMMENTS)