Previous 10 | Next 10 |
By Jill Mislinski Here is the opening statement from the Department of Labor: In the week ending April 20, the advance figure for seasonally adjusted initial claims was 230,000, an increase of 37,000 from the previous week's revised level. The previous week's level was revised up by 1...
The S&P 500 and Nasdaq Composite had their highest closings on record Tuesday, regaining ground lost in last year's rout. Stocks have flourished under a more accommodative Federal Reserve. In January, the central bank said it would hold interest rates steady, setting in motion the stock ma...
The US economy continues to show signs of stabilizing at a slower pace of growth, based on a broad set of economic and financial indicators. Although the possibility of a recession can't be ruled out in the second half of 2019 and beyond, the risk of economic contraction remains low at the mom...
Just a few weeks ago, markets were worried that the US economy might have stagnated in the first quarter. However, a recent raft of positive surprises means that we should be expecting 2.5% annualised growth from Friday's 1Q GDP report. A tough start There was considerable pessimism surrou...
While we believe that optimism regarding an evolving and eventual trade deal between the U.S. and China is well-placed, we would caution investors against growing complacent about trade policy risk more broadly. Other trade actions could weigh on markets and pose a headwind to U.S. economic g...
Someone emailed me with a very good question yesterday: "Did we really go through a once-in-a-lifetime Great Recession in 2008, or is the global economy overleveraged to an even greater extent, just in different ways?" My basic view of the Great Financial Crisis is that it was not unique...
Running On Empty "Running On Empty" was an iconic song about life on the road as a traveling musician. The 1977 live recording, which became a 1978 hit for Jackson Browne, is considered one of true representatives of Heartland Rock and a concert favorite. When Jackson Browne was interviewe...
When real earnings have reached the current extreme in the past, a massive decline in earnings has followed. The bottom in earnings might come in the next recession in as little as two years, or it might take a couple of recessions and take ten years to reach the bottom. Businesses are more ...
Editor's note: This article was originally published on April 22 by Menzie Chinn here . CEA Chair Kevin Hassett has stated a recession by next summer is impossible . I'm wary of such definitive statements. From a May 2008 WSJ article: "The data are pretty clear that we are not i...
If investors are in any rush to push the S&P 500 (Index: SPX ) above the record-high closing value of 2,930.75 it set back on 20 September 2019, they didn't betray any sign of it during the Good Friday holiday-shortened third week of April 2019, as the index mainly drifted sideways during...