US Economic Calendar for the Week of July 7, 2014 The economic calendar in this article provides the days and times for this weeks key releases containing data that will impact the direction interest rates may move in the short and intermediate-term. In addition it will provide anecdotal evidence about the future direction of US economic growth and actual proof of the […]
This Manhattan was designed to be a replica of New York’s Manhattan and is another entry on the growing list of ‘ghost cities’ that have been built in China! ‘If you build it he will come’ is a saying that might work in the movies, but not now in China where attempts to maintain economic growth through massive construction […]
GDP reported this morning at an annual ‘growth’ rate of -2.9%! Last month when the Bureau of Economic Analysis (BEA) estimated that 1st-quarter GDP would actually drop 1% we asked the question whether the US economy was facing a condition that plagued George Costanza after swimming in a cold pool? In other words rather than expansion […]
Much like George blaming swimming in a cold pool for his shrinkage, can the negative 1% reading in GDP actually be attributed to weather? Much of the blame for any of the current economic weakness in the United States is being placed on harsh winter weather as in this note from AP: ‘The U.S. economy was […]
There are any number of opinions on how the US economy is actually doing and if it’s heading in the right or wrong direction! Whether it’s statistics such as the labor force participation rate, mortgage originations, GDP growth or retail sales the combined evidence concerning economic strength is not particularly encouraging. Is it simply due to rough […]
