[Paul Donovan] Why prejudice is really, really bad for growth
Economists have long observed the inverse correlation between prejudice and economic competitiveness and economic development. Advanced economies tend to have less racism, religious intolerance,...
Does prejudice hinder economic growth?
For UBS economist Paul Donovan it’s not even a question, reallyIn a 16-page piece of research out this Thursday, he argues that “the issue of prejudice in society...
Around the world in 25 megabanks
…Around the world, and (potentially) sat on the face of the global recovery.There’s an impressive note out from Morgan Stanley’s Huw van Steenis and his team...
Inadequate Q4 U.S. GDP Growth Points to Fed’s Extension of QE2
Filed under: Forecasts, Economic Data, Federal ReserveThis past week's data point of significance for investors has to be the revised, final, fourth quarter U.S. GDP report, which indicated the world's largest economy grew 3.1% in the quarter, as well ...
Ray of Light: U.S. Private Sector Hiring Increases
Filed under: Good news, Economic Data, Federal Reserve, RecessionThis past week's data point of significance for investors has to be the February nonfarm payroll report by the U.S. Department of Labor, which indicated that the U.S. economy created 192,...
Ray of Light: Fed Sees Adequate U.S. GDP Growth for 2011-2013
Filed under: Forecasts, Good news, Economic Data, Federal ReserveThe most recent datapoint of significance for investors has to be the U.S. Federal Reserve's revised summary of economic projections.
The Fed now sees a stronger U.S. economy in 2011, wit...
Tell-Tale Stat: Buffett’s Berkshire Divests Bank of America, Nike Stakes
Filed under: Berkshire Hathaway (BRK.A), Bank of America (BAC), Comcast Cl'A' (CMCSA), NIKE, Inc'B' (NKE), Lowe's Cos (LOW), Wells Fargo (WFC)The past week's data-point-of-consequence for investors had to be investment decisions by Warren Buffett's Ber...
Comfort Zone Investing: Ride the Recovery with These Three Stocks
Filed under: General Electric (GE), Intel (INTC), International Business Machines (IBM), Comfort Zone InvestingIf you think the economic recovery is just beginning, then these three stocks will benefit. They've just released their earnings so you can s...
David Rosenberg’s cartoon-ish 2011
David Rosenberg’s gone all cartoony.The Gluskin Sheff analyst seems to have given up on on words and is instead using charts — and Loony Tunes — to illustrate...
Fed Holds Rates Steady, Surprises No One
Filed under: Economic DataThe news is out, the Federal Reserve decided to leave its key interest rate and the size of its bond purchase program unchanged. This move should surprise very few, with the tepid reaction from investors serving as evidence. T...
Nine Reasons for Slow U.S. Economic Growth
Filed under: Economic Data, Commodities, Housing, RecessionIn my new book, The Age of Deleveraging: Investment Strategies for an Era of Slow Growth and Deflation, I discuss nine reasons for slow U.S. economic growth and real GDP gains of about 2% annua...
Unemployment Data Is Disturbing, Underemployment Numbers Are Staggering
Filed under: Economic Data, Financial CrisisThis morning, my colleague Connie Madon reported that initial jobless claims showed a disappointing gain of just 39,000 jobs and an unemployment rate at a seven-month high of 9.8%. Remember that the Street ex...
