US Q3 GDP: Trick Or Treat?
With Halloween around the corner, we ask BMI’s Global Economic Strategist, Tim Cooper, if the latest Q3 GDP reading in the US is a ‘Trick’ or a ‘Treat’. For now, markets appear to be thinking the latter.
Posts Tagged ‘unemployment’
US Monetary Policy Is Likely To Remain Loose For A While
With the economic cycle having hit bottom and turning, thanks in no small part to massive fiscal and monetary stimulus, attention is now turning to when that stimulus is likely to be withdrawn. For me, the likelihood is that tighter policy is going to be put off as long as possible by the authorities in… [Read more]
Another ‘Lost Decade’ For US Employment?
With the US economy emerging out of recession, a big question will be what happens to the labour market. The US continues to record job losses every month, despite signs that real GDP is returning to positive growth, and while unemployment tends to be a lagging indicator, BMI’s Tim Cooper notes that underlying structural shifts… [Read more]
Have We Already Had A US Lost Decade? A Labor Day Musing
Happy Labor Day! Well, it may be a happy Labor Day for US residents who are employed in well-remunerated, full-time, enjoyable jobs. Just as I thought – I don’t see many hands going up. And judging from the non-farm payrolls data released last Friday, much of the workforce has little to be cheerful about. In… [Read more]
Global Market Update – Is The Latest Non-Farm Payroll Data An Encouraging Sign?
BMI Global Economist, Tim Cooper, shares his views on what the latest slowdown in job losses means for the US economy and financial markets.
Political Risk On The Rise – Is The Economy To Blame?
With public unrest and ethnic tensions rising, we look at the role the economy has played in fostering political risk around the world, from China’s Xinjiang province to Central America on the eve of a military coup in Honduras. BMI’s Europe, Asia and Latin America analysts all agree, political risk will remain a force to… [Read more]
US Unemployment: Beneath The Headlines
It is generally thought that yesterday’s fall in US continuing unemployment claims was another ‘green shoot’ of economic recovery. Not so fast. As Mike Shedlock over at www.globaleconomicanalysis.blogspot.com points out, the devil was in the detail. ‘Fewer people are receiving jobless aid largely because more of them have exhausted their standard unemployment benefits, which typically… [Read more]