The Economist – The world’s biggest economies: China’s back This week the International Monetary Fund updated its data on the world economy. For the first time it ranks China’s economy as the world’s biggest in purchasing-power-parity terms. Historians, though, point out that China is merely regaining a title that it has held for much of… Continue reading The World’s Biggest Economies Over Time
Medium.com – 15 Economic Facts About Millennials Millennials, the cohort of Americans born between 1980 and the mid-2000s, are the largest generation in the U.S., representing one-third of the total U.S. population in 2013.[1] With the first cohort of Millennials only in their early thirties, most members of this generation are at the beginning of… Continue reading The White House Discusses The Impact Millennials Have On The Economy
Real-Time Economics (WSJ Blog) – Meet Edward Quince, the Secret Federal Reserve Chairman in 2008 Edward Quince was arguably the most powerful person in the world in the fall of 2008, with the fate of financial markets resting on his high-stakes decisions. It turns out he didn’t actually exist. Mr. Quince was the pseudonym then-Federal… Continue reading The Secret Ben Bernanke Email
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Comment Today 9 AM CT (10:00 AM ET, 7:00 AM PT, and 15:00 BST), Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. All year long we have been watching central bank policy, economic growth, inflation, earnings and geopolitics. In the last few weeks a new… Continue reading A Look At The Surging Dollar
<Click on chart for larger image> The Wall Street Journal – Dollar’s Surge Imperils Corporate Earnings A strengthening U.S. dollar is casting a growing shadow over third-quarter earnings season, which is due to kick off Wednesday with an evening report from U.S. aluminum giant Alcoa Inc. AA -2.07% The dollar has risen 7% against major… Continue reading The Surging Dollar
The Wall Street Journal – Jon Hilsenrath: Fed Minutes Show Wariness Over Global Growth Federal Reserve officials have become more concerned that weak overseas growth and a strengthening U.S. dollar will crimp the domestic economy and hold down inflation, an outlook that has made them more inclined to stick to low interest rates. Several officials… Continue reading FOMC Minutes, More Evidence They Don’t Want To Raise Rates
<Click on chart for larger image> The Financial Times – Stick with consensus and sell Treasuries To generate good returns, investors usually need to go against the grain. This is particularly true of the US Treasury market, where federal funds rate futures tend to precisely reflect strategists’ consensus expectations. Today, however, investors should consider trying… Continue reading Your Regular Fix Of Bond Hate
<Click on chart for larger image> Real Time Economics (WSJ Blog) – Jon Hilsenrath: Look Out for Falling U.S. Inflation Expectations Here’s another new reason Federal Reserve officials might be wary of raising short-term interest rates very quickly: Inflation expectations in the U.S. are sinking. By one measure they’ve dropped by a greater magnitude in… Continue reading More On Inflation Expectations
Real Time Economics (WSJ Blog) – The Federal Deficit is Now Smaller than the Average Since the 1980s The federal government’s deficit in fiscal year 2014 was $195 billion smaller than last year — clocking in at a shortfall of $486 billion, according to an estimate from the Congressional Budget Office. The deficit was $20… Continue reading The Deficit
The Wall Street Journal – Janus Fund Managed by Bill Gross Attracted $66.4 Million in September Investors took just three days to pull billions of dollars out of the Pimco Total Return fund when Bill Gross quit as its manager. They are taking their time deciding where to put it. Mr. Gross’s new bond fund… Continue reading Bill Gross, Remember Him?
The Washington Post – Late-season surprises shake GOP confidence in Senate elections For months, the 2014 midterm election has looked like a deck stacked in favor of Republicans. But as campaign season heads into its final weeks, some wild cards are now on the table in states where the GOP had been expecting easy victories… Continue reading The Battle For Senate Seats