Post Tagged with: "recovery"
Deficit Deal Could Derail Growth
Comstock Partners argues that while the stock market seems ready cheer any agreement that increases the debt ceiling and avoids a default, such cheering may be extremely short-lived as the economy sinks further under the burden of additional near-term cuts in spending. This conclusion is based not on any particular political ideology or economic theory, but on the historical record
Chart of the Day: How Deep Was Your Recession?
I mean to ask how deep the downturn in your country was. On Tuesday, Martin Wolf had a good graphic on this. The upshot of his analysis is that while US GDP growth compares favourably to Japan and Western Europe, its unemployment compares unfavourably to Germany in particular
ISM manufacturing index confirms growth slowdown
The soft patch in and of itself is not a problem. There is always some sort of mid-cycle slowdown. The real problem for economic growth bulls (and risk assets) is that this particular soft patch is increasingly likely to be met with austerity and contractionary fiscal policy
The Gold-Silver Ratio – Another Look
The gold-silver ratio (GSR) measures how many ounces of silver one can purchase for an ounce of gold, on a certain date. Reference to the ratio has a long history. One of the first mentions was that upon the death of Alexander the Great, the ratio was 12.5 to 1. During the Roman Empire, the ratio was set at 12. By the late 19th century, the ratio had risen to 15. Interestingly, these historical ratios roughly reflect geologists’ estimates that silver is 17 times more abundant than gold in the earth’s crust. This gives many investors a reason to believe that 17 is the natural balance between these elements, and that eventually the GSR will return to it
Top 16 reasons why you know the economy is bad
Hat tip to Steve Keen for these jokes. This is how bad the economy is.
Searching for Dollars in a Basket of Eggs
Dollar ended the week softer with AUD, JPY and SEK the strongest weekly performers in the G10.
Fed introduces new level of transparency next Wednesday with regular press briefings.
Euro likely to test December 2009 high, around $1.47, on the back of higher
Retail Sales Have Not Recovered Normalized to Population
Retail sales have recovered to pre-recession levels, but not when adjusted for population growth. With that considered sales are only at 1999 levels and less than half of the recession’s decline has been recovered
New High in U.S. GDP Does NOT Indicate Recovery is Complete
The big news when the advanced estimate of the 4Q/2010 GDP was announced last week was the recovery of the pre-recession level of GDP. This was presented by some as good news, but was suitably qualified by others