Archive: Economy
The GDP numbers are always revised a few weeks after initial release. As more data comes in, it’s common to revise the statistic. This time, analysts and experts had anticipated revising the number higher from 3.2% to 3.4%; instead, they revised it lower down to 3.0%. This was a disappointing result. The number itself isn’t [...]
The Euro continues to drop amidst struggles in the Euro Zone. There is just too much debt in the European countries and they face a tough road ahead. A recent Yahoo! article talks about the situation and the impact on global markets: “There’s a question out there now that potentially we could be talking about [...]
Dow theorist Russell has a stern message for individuals betting on an economic recovery. Russell says the following: Do your friends a favor. Tell them to “batten down the hatches” because there’s a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don’t need) in order to [...]
The drop in the Euro continues to be the focus of global markets. The Euro touched a four year low as continued weakness hurt the currency. The bigger thing here is that it the race to the bottom in the global fiat currencies is well under way. Currently the Euro is the focus, but it’s [...]
From David Rosenberg: There are classic signs indeed that the recession in the U.S. ended last summer — output, sales, etc. But the depression is ongoing and the reason we say that is because real personal income, excluding handouts from the government, has barely budged. In fact, real organic personal income is nearly $500 billion [...]