Tag Archives: consumer confidence

The Urgent Need to Recapitalize Europe’s Banks

by Harald Benink and Harry Huizinga This piece is originally from Voxeu.org (June 05, ’13) Europe has been postponing the recapitalization of its banking sector. This column argues that it has been doing so for far too long. Without such … Continue reading

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Bubbles and Jobs in One Chart

Here’s Proof Fed QE Is Great For Bubbles, For Jobs, Not So Much by Lee Adler, Wall Street Examiner The Fed’s QE has been great for bubbles. Since the Fed began publishing its open market operations daily starting in 2002, … Continue reading

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Preliminary June 2013 Michigan Consumer Sentiment Down Fractionally

by Doug Short, Advisor Perspectives/dshort.com The University of Michigan Consumer Sentiment preliminary number for June came in at 82.7, down from the 84.5 final reading for May. Today’s number was below Briefing.com consensus of 83.0 and Investing.com’s more optimistic forecast … Continue reading

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Terminal Velocity (10) – “Minds and Hands on the Joystick”

Written by Adam Whitehead, KeySignals.com From Terminal Velocity (3) – “The Pyramid Scheme”[i]: Reading between the lines, it is clear that the Fed intends to maintain a large balance sheet of assets for some time; even after interest rates have … Continue reading

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Rethinking Macroeconomic Policy: Getting Granular

by Olivier Blanchard, Giovanni Dell’Ariccia and Paolo Mauro This article was first published at Voxeu.org 31 May 2013 The Global Crisis has shaken the consensus on how to run macroeconomic policy. Three years ago, the authors discussed this issue at … Continue reading

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Terminal Velocity (11) – “Getting Real Interesting”

Written by Adam Whitehead, KeySignals.com In terminal Velocity “Minds and Hands”, the threat from the debt crisis becoming amplified by deflation was introduced into the narrative leading up to Jackson Hole. It was observed that: In relation to the “Inflation … Continue reading

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The Great Debate©: Helicopter Money As A Policy Option

by Lucrezia Reichlin, Adair Turner and Michael Woodford Voxeu.org published this article originally on May 20, 2013 Editor’s note:  This article summarises a CEPR-London Business School debate between Adair Turner and Michael Woodford on this policy option chaired by Lucrezia … Continue reading

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Housing Smoke and Mirrors (8) – “It Looks Ominous”

Written by Adam Whitehead, KeySignals.com In Housing Smoke and Mirrors (7), the headwind confronting the American housing market, from the slowing pace of rental increases, was observed to be at a critical point. Early investors in the rental sector were … Continue reading

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Final May 2013 Michigan Consumer Sentiment Remains Highest Since July 2007

by Doug Short, Advisor Perspectives/dshort.com The University of Michigan Consumer Sentiment final number for May came in at 84.5, up from the 83.7 preliminary reading and a major advance over the April final reading of 76.4. This indicator remains at … Continue reading

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BEA Revises 1st Quarter 2013 GDP

May 30, 2013 – BEA Revises 1st Quarter 2013 GDP Growth Down Slightly To 2.38% Annual Rate by Rick Davis, Consumer Metrics Institute In their second estimate of the US GDP for the first quarter of 2013, the Bureau of … Continue reading

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On Whose Research Is the Case for Austerity Mistakenly Based?

by Jeffrey Frankel, Jeff Frankel’s Weblog Several of my colleagues on the Harvard faculty have recently been casualties in the cross-fire between fiscal austerians and stimulators. Economists Carmen Reinhart and Ken Rogoff have received an unbelievable amount of press attention, … Continue reading

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The Mother of All Painted-In Corners

by John Mauldin, Thoughts from the Frontline Alice laughed. She said, “There’s no use trying – one can’t believe impossible things.” The queen said, “I daresay you haven’t had much practice. When I was younger, I always did it for … Continue reading

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Durable Goods Orders Still Decelerating Despite Fed Money Printing

by Lee Adler, Wall Street Examiner New orders for manufactured durable goods in April increased $7.2 billion or 3.3 percent to $222.6 billion, the U.S. Census Bureau announced today. This increase, up two of the last three months, followed a … Continue reading

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May 2013 Conference Board Consumer Confidence at 5 Year High

Written by Doug Short and Steven Hansen The May 2013 Conference Board Consumer Confidence Index had a second strong showing in a row. The market expected this index to come in at 72.5 (versus the 76.2 reported). This index remains … Continue reading

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The Great Job Disaster

by C.P. Chandrasekhar and Jayati Ghosh, Triple Crisis Note: This article first appeared at TheHinduBusinessLine.com In the desperate search for evidence that the global recession has bottomed out and the recovery has arrived, the story told by the long-term trend … Continue reading

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Historical Echoes: The “Mississippi Bubble”

Analysis from Liberty Street Economics Historical Echoes: The “Mississippi Bubble” – When One’s Back Could Be Rented Out as a Writing Desk by Amy Farber, Federal Reserve Bank of New York In 1720, the very same year that England was … Continue reading

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Come Back to Gold

by Ludwig von Mises, Ludwig von Mises Institute [Excerpted from chapter 11 of Omnipotent Government by Ludwig von Mises.] The gold standard was an international standard. It safeguarded the stability of foreign exchange rates. It was a corollary of free … Continue reading

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Austerity and Growth Perspectives: Europe, the IMF, China, and the US (Part: 2)

by Elliott Morss, Morss Global Finance Note: A version of this article was published by Deutsche Welle, 23 May 2013. Introduction Part. 1 of this report highlighted the positions of the IMF and Europe on the austerity/growth trade-off as reflected … Continue reading

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The Great “American” Divide

by Lance Roberts, Streetalk Live I have often spoken of the disconnect between Wall Street and Main Street. While asset prices are inflated by continued interventions of monetary policy from the Federal Reserve, boosting Wall Street profits and widening the … Continue reading

Posted in Employment, Federal Reserve, GDP, Home Sales and Home Prices, Personal Income and Consumption, Prices - PPI, CPI and More, Retail & Business Sales, Trade Data, stock markets | Tagged , , , , , , , , , , , | 6 Comments

On the Imposition of the German Export-led Growth Model on the Eurozone

by Dirk Ehnts, Econoblog101 Martin Wolf had an article in the FT yesterday about the German growth model being applied to the whole euro zone. He notes that because of the flawed analysis that ‘government debt did it’ there is … Continue reading

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