A Picture Is Worth 1000 Words: Scenes From The Recession
The Boston Globe’s The Big Picture put up 35 scenes from the recession. Tells the story well…..
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3Q GDP +3.5%
Reading Time: 2 minutesA better than expected GDP report is spurring markets higher this morning (3Q GDP Report – from the Bureau of Economic Analysis). Two thirds of the growth was driven by “Motor Vehicles & Parts”, “Residential Fixed Investment” and “Federal Government” – that…
The Everything Bubble And The Second Great Depression
Reading Time: 8 minutesThe importance of Apple to the foundation of the everything bubble cannot be overstated – Kevin Duffy, Co-Founder, Bearing Asset Management The last few months have witnessed the return of volatility. The S&P is down 14% from its all time…
Bernanke Uses The “R” Word
Reading Time: 2 minutesA recession is possible….. Our estimates are that we’re slightly growing at the moment, but we think that there’s a chance that for the first half as a whole there might be a slight contraction. – Fed Chairman Bernanke (subscription required),…
“The Biggest Consensus In History”, DRI Earnings & The Coronavirus Surge, The Economics of the $ Crash, Carpe Diem
Reading Time: 9 minutesNote: To sign up to be alerted when the morning blog is posted to my website, enter your name and email in the box in the right hand corner titled “New Post Announcements”. That will add you to my AWeber…
WSJ: China Inc. Looks Homeward As U.S. Shoppers Turn Frugal
Reading Time: 1 minuteWe relied too much on the U.S. market. …… China’s ability to consume has now reached a fairly high level. It’s at a turning point. – Tom Tseng, General Manager of bicycle manufacturer Tandem Industries, whose U.S. sales have fallen…
It Talks Like A Bull, It Walks Like A Bull ….. But Is It Really A Bull?
Reading Time: 6 minutesClear and unmistakable recession signals from the labor market….. This magnitude of a rise in the unemployment rate has never occurred in the post-war period without the economy being in recession. – Bear Stearns This economic slump is going to…