Goldman hedges its bets
Having announced with much fanfare last week a new, more positive view on the US economy, Goldman Sachs is back-tracking ever so slightly.Now, the bank still thinks real GDP...
A surprise bullish turn
Goldman has updated its forecast for the US, expecting real GDP growth of 2.7 per cent next year and 3.6 per cent in 2012:As always, we find the forecasts themselves less meaningful...
Econ bloggers: outlook worse, again
Since we’re always curious to know what our blogospheric comrades are thinking, we’re highlighting a few items from the latest Kauffman survey of economic bloggers....
A non-shocker of a Beige Book
The Fed’s seventh Beige Book of the year is out, covering the end of August to early October, and although it mostly depicts the same plodding rate of growth as in the previous report,...
Moody’s looks to Finland – to explain Ireland, Spain
Want to know the shape of things to come in Ireland? Spain?Look no further than … Finland.That particular Nordic nation experienced an almighty financial boom in the 1980s....
The Great Recession was so 2009
The Business Cycle Dating Committee of the National Bureau of Economic Research has arbitrarily declared something of little real import announced that the Great Recession in...
And you thought we were bearish
How best to summarise this long, depressing outlook on the global economy by Nouriel Roubini and Ian Bremmer? We’ll give it a shot.First, no matter who you are, you are too optimistic:...
US Q2 GDP revised to 1.6 per cent
A beat for Ben.US second-quarter GDP growth was revised from 2.4 per cent to 1.6 per cent by the Bureau of Economic Analysis on Friday, above a consensus of 1.4 per cent revised growth....
Before Jackson Hole, Part 1: since last we met
It is now 17 days since the eagerly-awaited FOMC statement in which Ben Bernanke announced the plan to re-invest the repayments from the Fed’s MBS holdings into long-dated treasuries....
An initial double-dip indicator
Wells Capital Management wants everyone to forget Payroll Friday.The number to focus on as an indicator for the shape of the US recovery, Wells’ chief investment strategist Jim Paulsen says,...
US retail sales surprise — on the downside
Disappointing data on May’s US retail sales gave markets a nasty shock on Friday.Flashes via Reuters:RTRS-US MAY RETAIL SALES -1.2 PCT (CONSENSUS +0.2 PCT) VS APRIL +0.6...
Dear George, about that inflation…
April inflation data for the UK is in, and it's a bit of a bump on the head for the Bank of England: a 3.7 per cent rise in CPI year on year, reports FT Alphaville. Cue a letter...
