Economy

In this piece on GDP and recessions, John Lounsbury expands on an earlier article about how this particular recession is different. Catch more of John and other top-notch econ writers at Global Economic Intersection, John's new website on…

by Comstock Partners Last week, toward the end of our comment on consumer deleveraging, we mentioned that the year-over-year change in the ECRI Weekly Leading Indicator had strongly suggested the distinct possibility of recession. In…

by John Lounsbury David Rosenberg, Chief Economist & Strategist at Gluskin Sheff, Toronto, has a graph that goes a long way toward explaining why this recovery does not feel like a recovery: Click on images for larger graphs. Is…

by Annaly Capital Management Lest anyone think we missed it, on August 31st the FDIC put out its Quarterly Banking Profile for the second quarter of 2010. The headline was glowing: “Quarterly Earnings Are Highest in Almost Three Years.”…

The Duke University/CFO Magazine Global Business Outlook Survey which concluded last week showed a high level of concern amongst top financial officers in major organizations worldwide. Of note are the CFOs ideas regarding employment and…

A friend who is a well-connected Washington insider sent me the text of a piece by Ben Smith on how successful TARP was late last night, asking: This is the first mention I’ve seen in the more mainstream media. Anybody raise this in…

There were three pieces of data today that give the complete picture for the consumer economy right now. My read of the data says we are now in a holding pattern awaiting more concrete evidence that the technical recovery which began last…

Everybody's favourite bearish analyst, Gluskin Sheff's David Rosenberg had a few thoughts on some of the bullish analyses he's been seeing. Despite his bearishness, he even goes as far as to say why he would be bullish. Here are the first…

CNBC discusses the small tick up in the NFIB Small Business Optimism Index with William Dunkelberg, Chief Economist for the National Federation of Independent Business. Note that despite the uptick, small businesses are not saying they plan…

Here's Jan Hatzius, Chief US Economist at Goldman, talking to Steve Liesman on CNBC talking about the economy and taxes (Hat tip Joe Weisenthal). Hatzius sees significant growth risks but is more sanguine on a multi-year recovery scenario…