The beginning of the month PMI reports are all in and it’s always useful to gauge global growth by looking at the BRIC PMI reports. The overall results were a [ … ]
Category: Chart Of The Day
(Just Charts)
CORPORATE PROFITS AND MEAN REVERSION….
Here’s a nice big macro trend chart from Thomson Reuters that shows global earnings versus the trend. The chart shows the tendency to revert to the mean in a typical [ … ]
GOLDMAN SACHS: HOUSING WON’T RECOVER UNTIL 2013
There have been lots of bottom calls in the housing market in recent months, but Goldman Sachs isn’t buying it. They say the housing market won’t bottom for at least [ … ]
IS IT TIME TO BUY JAPANESE EQUITIES?
There has long been a strong correlation between the Nikkei and the US Dollar/Yen. A similar version of this correlation is that of the Nikkei and US interest rates. The [ … ]
CHINESE STEEL GROWTH SPUTTERS WITH SLOWING ECONOMY…
After a decade of rapid growth since 2000, China’s steel industry is undergoing a slow growth. This year, crude steel output is expected to be lower than 700 million metric tons.
BIG DISAPPOINTMENT ON DECK IN FEBRUARY EMPLOYMENT?
The monthly non-farm payrolls figures are notoriously hard to predict, but Jack Ablin of Harris Private Bank highlights one of the reasons why he’s been such a prescient forecaster of [ … ]
THE FINAL IMPETUS FOR QE3 – A MARKET SELL-OFF?
It’s no secret by now that the Fed believes the “wealth effect” via asset prices helps drive the economy. So, with rumors of QE3 growing louder by the day, we [ … ]
CORELOGIC: THE HOME PRICE SLIDE CONTINUED IN DECEMBER
The recent Case Shiller data showed a continuing decline in home prices in November and now the latest Corelogic data is showing declines in December. Clearly, the real estate remains [ … ]
ISM MANUFACTURING – STEADY AS SHE GOES…
Another month of PMI data and another month of no recessionary signs. This month’s report was fairly strong overall except a continuing stagnation in employment. Headline came in at 54.1, [ … ]