US-China: through a Treasury bond, darkly
With a hat tip to Blood and Treasure, the Committee of 100 (how mysterious does this lede sound already?) has released a big survey of how the US and China see each other. Previous one was in 2007....
One giant leap for America’s credit cards
Quite a blow-out in March’s US consumer credit numbers — most noteworthy was the 7.8 per cent rise in revolving credit.Highlighted in the chart below…The...
Nonfarm payrolls in April — 115,000
Consensus had been 160k. Unemployment rate came in at 8.1 per cent. March payrolls revised up from 120k to 154k though, and February up from 240k to 259k.Full Bureau of Labour...
US GDP: slacking off but let’s not get too dramatic
First quarter GDP in the US rose 2.2 per cent, coming in slightly under estimates for a 2.5 per cent increase and well below the 3 per cent recorded in the last quarter of 2011....
A media scrum in payrolls…
Heather Scott: So you’ll guarantee that every agency will be connected to the Internet at exactly the same millisecond?Carl Fillichio: I’m not going to guarantee anything....
Michael Pettis challenges The Economist, global economic bragging rights and sweet gig for Chinese band at stake
At the end of last year, The Economist predicted that Chinese GDP would surpass US GDP at market exchange rates in 2018. (Click table to enlarge)There’s always a touch...
US pent-up demand, charted
The second half of last year was puzzling to anyone trying to understand future trends in US consumption. Or at least it was to us.Spending climbed more quickly than incomes,...
The missing GDP
If you’re keen for yet another post comparing the US recovery against prior editions, we think this table sent by Credit Suisse on Friday is worth a quick look:It shows...
America, healing? Not in Bob’s world
When you start talking about US growth in 2012, it’s hard to stop. The huge November consumer credit increase being a case in point. Plus a long slew of comfy data on auto sales,...
Interview with Goldman’s Jan Hatzius
We interviewed Goldman’s Jan Hatzius yesterday about the 2012 outlook and a few other things for FT.com, but we’ve embedded below a longer version of the clip with...
What the FOMC will (merely) discuss tomorrow
We’ll wait to see if Fedwire has any updates to his article from last week, but right now it seems likely that no major policy decisions will come out of tomorrow’s...
US unemployment rate falls to 8.6 per cent, payrolls up 120,000
Consensus expectations were for 9 per cent and 125,000.But don’t be deceived by the eye-catching drop in the unemployment rate: this report was good but not great.The...
