Archive for February, 2014
Sunday, February 2nd, 2014
This is a research piece from Maury Harris of UBS which examines GDP for 2014, monetary policy (he expects actual tightening in mid 2015) and reviews the data on the docket for this upcoming week. He expect non farm at 200K and the rate to remain at 6.7 percent.
Via UBS ...
Posted in Uncategorized | Comments Off on GDP, FOMC, and the Week Ahead
Saturday, February 1st, 2014
CalculatedRisk has a post with excerpts from research notes by Goldman Sachs and Merrill Lynch on the upcoming labor report this Friday. Goldman sees employment increasing by 200K and Merrill sees an increase of 185. Each firms expects the unemployment rate to decline to 6.6 percent.
Posted in Uncategorized | Comments Off on Merrill Lynch and Goldman on the Labor Report
Saturday, February 1st, 2014
This article in the WSJ details the slow growth of income and the danger which that poses to the still fragile recovery. The article notes that real disposable income increased at its slowest pace since 2009 with an increase of a feeble 0.7 percent in 2013. In addition, the savings ...
Posted in Uncategorized | Comments Off on Weak Income Data and Fragile Recovery
Saturday, February 1st, 2014
The official PMI for China was released on Saturday and it slipped (as expected) to 50.5 from 51 in the prior month. The component parts were weak as export orders and new orders fell to six month lows and employment was at a six month low. Weak PMI (the HSBC ...
Posted in Uncategorized | Comments Off on Official PMI in China:Slipping
Saturday, February 1st, 2014
Calculated Risk has an interesting post on some new research by the controversial Reinhart and Rogoff. The professorial couple has completed a new paper which examines 100 banking crisis related recessions and concludes that it takes a very long time to recover and return to status quo ante. They also ...
Posted in Uncategorized | Comments Off on Reinhart and Rogoff on the Great Recession
Saturday, February 1st, 2014
Walmart has warned about its Q4 earnings as sales have not been up to expectations. In addition retailers Lululemon and Abercombie and Fitch have also warned.
Via the WSJ
By
Shelly Banjo and
Suzanne Kapner
Updated Jan. 31, 2014 6:58 p.m. ET
After a tough holiday season, the New Year doesn't appear to be giving retailers ...
Posted in Uncategorized | Comments Off on Walmart Warning on Q4 Sales