Category Archives: Economics

The Emerging Markets 30-30 Club

Demographics are destiny and increasingly becoming  the defining narrative of the global economy.   Japan’s aging population is blamed for much of the country’s economic woes.   Doomsters predict economic Armageddon as the world goes gray. We put together a nice data … Continue reading

Posted in Demographics, Economics, Uncategorized | Tagged , , , , | 1 Comment

Fed Day With Extremely Loose Financial Conditions

Today is the day,  folks. The consensus is the Fed announces the start of quantitative tightening (QT).   History in the making. Draining Liquidity Though monetary tightening officially began in December 2015,  this will be the first time the Fed drains … Continue reading

Posted in ECB, Economics, Equities, Euro, Fed, Monetary Policy, Uncategorized | Tagged , , , , | 1 Comment

Nominal GDP At 4 Percent, Fed Way Behind Curve

The BEA revised Q2 GDP up this morning, Current-dollar GDP increased 4.0 percent, or $189.0 billion, in the second quarter to a level of $19,246.7  billion. In the first quarter, current-dollar GDP increased 3.3 percent, or $152.2 billion.  –  BEA … Continue reading

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The “Dusenberry Effect” In The U.S. Economy

Just saw this chart on Zero Hedge yesterday, which takes me back to the days of graduate school and an unfinished Ph.D. dissertation. One part of the “Dusenberry Effect” basically states that consumers do not give up their consumption patterns … Continue reading

Posted in Economics, Uncategorized | Tagged , , | 8 Comments

QOTD: Risk

You want to take risk when others are fleeing from it, not when they’re competing with you to do so. …But it’s precisely when people can’t see what it is that could make things turn down that risk is highest, … Continue reading

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The “Firming” Global Recovery

The IMF upgraded their view of the global economy, while slightly downgrading U.S. economic growth due to lack of fiscal progress. The Global Economy Maintains Momentum The cyclical recovery continues. Growth outturns in the first quarter of 2017 were higher … Continue reading

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This Rhyme Is Different: Base Money > M1

“History doesn’t repeat itself but it often rhymes.” –  Mark Twain (maybe) We have been speaking a lot about how the liquidity in the market today is different than in the past.   The chart below reflects this better than … Continue reading

Posted in Economics | Tagged , , , | 19 Comments

COTD: Amazon Eating Retail

(COTD = Chart of the Day) It’s important to note that Amazon still only boasts a 5 percent share of total retail sales, excluding food, across the country, according to data from the U.S. Census Bureau, Sanderson said. – CNBC … Continue reading

Posted in Economics, Equity, Uncategorized | Tagged , , | 3 Comments

Economist Personality Traits

Studies of personality traits common to various disciplines have discovered that economics, like engineering, tends to attract people with an unusually strong preference for order, and a distaste for ambiguity. – The Guardian

Posted in Economics, Economist, Uncategorized | Tagged , | 3 Comments