Select Page
Good news on growth from China

Good news on growth from China

The last thing the global economy needs right now is an economic disappointment on growth from China. And fortunately, today China reported third quarter GDP rose by 4.9% year over year, according to the National Bureau of Statistics. That’s better than...
We’re looking at a global debt bomb

We’re looking at a global debt bomb

“Nobody expects the Spanish Inquisition!” Monty Python observed back in 1970 before attempting to torture a coal-miner’s wife with a dish rack. There’s an important investing version of this core truth: The financial market usually worries...
45 days to the next government funding crisis?

45 days to the next government funding crisis?

The odds of another government shutdown “crisis” in 45 days will rise or fall with Representative Matt Gaetz’s (R-Florida) efforts to remove House Speaker Kevin McCarthy. Gaetz and a small harder core of the hard core Republican right in the House...
Retail sales stronger than expected; Treasury prices fall and yields surge (some more)

Consumer showing signs of stress in August

Inflation-adjusted consumer spending rose 0.1% last month. The report from the Bureau of Economic Analysis showed inflation-adjusted spending on services rose 0.2%, helped by a pickup in outlays on transportation and recreation. Spending on merchandise fell 0.2%, the...
No (2023) surprises Fed surprises on 2024

No (2023) surprises Fed surprises on 2024

At today’s meeting the Federal Reserve’s Open Market Committee left the central bank’s policy interest rate at 5.25% to 5.50%. In its Dot Plot forecast the Fed signaled one more interest rate hike for 2023. In its forecast the bank said that rates...