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Inflation Below The Fed’s 2.0% Target For The 38th Straight Month

August 4, 2015

<Click on chart for larger image> The Wall Street Journal – Inflation Misses Fed’s 2% Target for 38th Straight Month The latest inflation figures aren’t making the Federal Reserve’s job any easier. Consumer-price growth has been running below the Fed’s 2% target for three years, and June was yet another month of weakness, the Commerce… Continue reading Inflation Below The Fed’s 2.0% Target For The 38th Straight Month

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China’s Stock Market Slide

August 4, 2015

<Click on chart for larger image> Fortune – China looks for scapegoats in continued stock market decline It’s official — foreign speculators are to blame. China’s stock market rout hit a new phase over the weekend, as officials began acting on their convictions that traders are responsible in part for the crash that has sent… Continue reading China’s Stock Market Slide

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Puerto Rico Defaults

August 4, 2015

The Wall Street Journal – Puerto Rico Defaults on Most of $58 Million Debt Payment Puerto Rico missed most of a $58 million bond payment Monday, marking the first default by the U.S. commonwealth and escalating its attempt to restructure about $72 billion in debt. The payment to bondholders is the first skipped since Gov.… Continue reading Puerto Rico Defaults

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Has The Term “Emerging Markets” Become Obsolete?

August 4, 2015

The Financial Times – James Kynge and Jonathan Wheatley: Emerging markets: Redrawing the world map The term has become obsolete, say critics, as developing markets overtake developed ones in some areas The current economic hierarchy, which places emerging nations at the periphery and developed markets at the core of world affairs, no longer accurately describes… Continue reading Has The Term “Emerging Markets” Become Obsolete?

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Cartoons

August 4, 2015

None Today

Newsclips

Inflation’s Reality Versus Yellen’s Words

August 3, 2015

The Wall Street Journal – U.S. Labor Costs Rise at Slowest Pace in Three Decades U.S. labor costs rose at the slowest pace in at least three decades in the spring, a sign of persistently sluggish wage growth that could weigh on the Federal Reserve’s decision to raise short-term interest rates. The employment-cost index, a… Continue reading Inflation’s Reality Versus Yellen’s Words

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An Earnings Update

August 3, 2015

Fact Set – EARNINGS INSIGHT For July 31, 2015 Earnings Scorecard: Of the 354 companies that have reported earnings to date for Q2 2015, 73% have reported earnings above the mean estimate and 52% have reported sales above the mean estimate. Earnings Growth: For Q2 2015, the blended earnings decline is 1.3%. The last time… Continue reading An Earnings Update

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Betting On Gold

August 3, 2015

The Financial Times – Mohamed El-Erian: Why gold has lost its shine for investors To say that gold has underwhelmed investors the past couple of years is an understatement. It did not participate in the surge upwards in nearly all financial asset prices; and it has not provided protection in the more recent downturn in… Continue reading Betting On Gold

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Greek Stock Market Finally Reopens

August 3, 2015

<Click on chart for larger image> The Wall Street Journal – Greek Stocks Fall as Trading Resumes After Five-Week Exchange Closure Greece’s main stock index lost close to a fifth of its value on Monday as it reopened for the first time in more than five weeks. The Athex Composite slumped close to 23% in… Continue reading Greek Stock Market Finally Reopens

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Timing The Rate Hike

August 3, 2015

The New York Times – Editorial: Why the Economy Is Not Ready for an Interest Rate Increase Fed policy makers know all that. A recent leak of documents from the Fed shows that its staff economists have forecast more of the same modest growth and inflation for years to come. Nonetheless, the Fed seems determined… Continue reading Timing The Rate Hike

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More On China Micromanaging Its Stock Market

August 3, 2015

Bloomberg.com – China’s Latest Warning to Equity Investors: No Big Sell Orders Stock investors beware: big sell orders in China could land you in trouble with the authorities. That’s the message from the Shanghai Stock Exchange, which said on its microblog Monday that two trading accounts got verbal warnings for a “large amount of sell… Continue reading More On China Micromanaging Its Stock Market

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The European Recovery

August 3, 2015

Bloomberg.com – Economic Recovery, Euro-Style: This Could Be as Good as It Gets Europe’s economy has been hit so hard by five years of crisis that 1.6 percent growth makes Germany look like a powerhouse and Spain can boast of being a job-creating machine with 23 percent unemployment. The tepid recovery is just fine with… Continue reading The European Recovery