Disappointing Earnings Forecasts To Tank Stocks From Here?
Higher inputs costs and demand destruction from inflation (and the Federal Reserve’s interest rate hikes) are resulting in margin compression for companies, pinching their profits....
China Adds $45 Billion to Stimulus to Pay for Infrastructure
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg China announced another...
Inflation hits record 8.6% for 19 countries using the euro
LONDON (AP) — Inflation in countries using the euro set another eye-watering record, pushed higher by a huge increase in energy costs fueled partly by...
Drop in demand weighs on German manufacturing, outlook darkens
A robot adjusts a windscreen in a fully automated process at the Daimler factory in Rastatt, Germany, February 4, 2019. REUTERS/Kai Pfaffenbach Register now for...
Asia’s Factories Slide in June as Inflation Darkens Outlook
(Bloomberg) — Asia’s factories showed a further slide in June as inflation weighed on households, complicated central bank decisions, and added uncertainty to the business...
Forget the 1970s — this market is drawing comparisons to the 1870s
The current high inflation environment is often compared to the 1970s. But perhaps a more apt comparison would be to the 1870s. According to Bank...
The Fed Is Quietly Handing Out $250 Million To A Handful Of Happy Recipients Every Single Day
The Fed’s QE may be over, and QT may be just starting (it won’t last long), but don’t think the Fed free money giveaway is...
Economist Roubini: Why Stocks Poised for 50% Wipeout
The stock market is off to its worst start to a year since 1970, with the S&P 500 dropping 21% in the first half of...
US Manufacturing Slumps In May, New Orders & Jobs Contract
Analysts expected Manufacturing PMI to be flat from its ugly preliminary print of 52.4 and saw ISM Manufacturing dropping to 54.5 from 56.1 – both...
Nomura Now Forecasts Global Recession As Its Base Case
Less than two weeks after Nomura became the first bank to one-up Deutsche Bank’s “US recession” base case, by forecasting a contraction in the US...