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Is This the Beginning of a New Bear Market? Important Signs to Watch

Financial Sense - Fri, 24/10/2014 - 17:00

How the markets behave in the coming weeks will go a long way to help determine if the September-October correction was the start of a new bear market or just a normal correction in a bull market...

Categories: Economic Blogs

The “New Normal” in EM Ex-China

Financial Sense - Fri, 24/10/2014 - 17:00

EM economies ex-China are slowing to a “new, normal growth” phase, which will keep bulks and base metals under pressure this year and next. These economies join China in a broad-based EM slow-down, which will increase...

Categories: Economic Blogs

Big Four Economic Indicators Show Possible Rollover

Financial Sense - Fri, 24/10/2014 - 17:00

Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method.

Categories: Economic Blogs

Low Oil Prices Hurting U.S. Shale Operations

Financial Sense - Fri, 24/10/2014 - 17:00

The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct. 17, compared to the prior week.

Categories: Economic Blogs

Speak, Switzerland!

Financial Sense - Fri, 24/10/2014 - 17:00

In the United States, if we hold a referendum, so voters may speak directly and decisively on a question, it always is at the state level, and, lately, most often addresses the legality of gay marriage, the decriminalization of marijuana, getting tough on illegal immigrants, or some other grave matter.

Categories: Economic Blogs

The Similarities Between Germany and China

Financial Sense - Fri, 24/10/2014 - 17:00

There has been much talk of globalization and the interdependence that has flowed from it. There is clearly much truth in arguing that what happens in one part of the world affects the rest. But that simply was not evident.

Categories: Economic Blogs

No Hard-Landing for China’s Economy for Now

Financial Sense - Fri, 24/10/2014 - 17:00

China's GDP growth is gradually slowing as expected - at least according to the official reports. Growth is now at the lowest level since 2009, but so far the Bloomberg China GDP Tracker forecast of a sharp correction this quarter has not materialized.

Categories: Economic Blogs

The Ultimate Carry Trade: U.S. Banks Buying Treasuries

Financial Sense - Fri, 24/10/2014 - 17:00

The drop in U.S. bond yields is perhaps the biggest surprise for investors this year. The gradual decline in Federal Reserve buying, faster growth, and the prospects for a rate hike in 2015 were expected to lift bond yields.

Categories: Economic Blogs

China, Europe & Earnings at Home

Financial Sense - Fri, 24/10/2014 - 17:00

Favorable looking headlines from China and Europe and a mixed batch of earnings reports provide the backdrop for today’s trading action. The GDP report out of China shows that country’s growth falling to its level in years, but it nevertheless came in better than expected.

Categories: Economic Blogs

Three Perspectives on Falling Oil Prices

Financial Sense - Fri, 24/10/2014 - 17:00

It would be logical to think that the emergence of ISIL would have increased oil prices, but Brent crude oil prices have plummeted since July. Having now traded as low as $83 per barrel, oil is at its lowest price since 2012.

Categories: Economic Blogs

Tech Bellwether IBM Sees Big Earnings Miss

Financial Sense - Fri, 24/10/2014 - 17:00

Friday’s strong finish to last week’s extremely volatile session may not be the end of the market’s weak run. We must add, however, that this morning’s weak indicated open isn’t directly related to the issues that weighed on stocks last week.

Categories: Economic Blogs

A Tale of Two Economies - It Was the Better of Times, It Was the Worst of Times

Financial Sense - Fri, 24/10/2014 - 17:00

As quantitative easing comes to an end (apparently) by the Fed and is taken up by the European Central Bank (ECB), let’s compare the behavior of nominal domestic demand in each central bank’s economy and venture a reason for any differences.

Categories: Economic Blogs

How to Link Australian Iron With Marine le Pen

Financial Sense - Fri, 24/10/2014 - 17:00

After last week’s tumultuous markets one of my clients sent me an email saying “I am so relieved your constant talk about worsening imbalances kept us from getting too complacent. Things really are as bad as you keep saying.”

Categories: Economic Blogs

Consensus Expects Year-End Rally Post 10% Market Correction

Financial Sense - Fri, 24/10/2014 - 17:00

Last Wednesday, the markets reversed course after experiencing a long-awaited 10% correction from their September highs. The consensus view seems to be that this was a healthy and much-needed correction, and not the beginning of a new bear market...

Categories: Economic Blogs

Q3: Not Amazing Nor Disappointing

Financial Sense - Fri, 24/10/2014 - 17:00

Stocks turned around Thursday afternoon to close the session modestly in the green and start today’s session on a very positive note. The favorable shift notwithstanding, market sentiment remains fragile and...

Categories: Economic Blogs

Summation Index Rate of Change

Financial Sense - Fri, 24/10/2014 - 17:00

When the McClellan A-D Summation Index makes a big move in a short amount of time, that action contains important information. This week, I’ll show a pair of charts that help to make this point.

Categories: Economic Blogs

The fight over Huka Lodge

NZ Herald - Fri, 24/10/2014 - 17:00
They allegedly amassed at least $50 million in 15 years but have now spent even longer fighting over the spoils.One left school in Wales at 15 for the steel trade, where the pair would make a fortune.The other became a diplomat...
Categories: Economic News

Russian magnate ordered to sell NZ land after liquor-plant plans fall through

NZ Herald - Fri, 24/10/2014 - 17:00
A wealthy Russian has been ordered to sell his rural property after failing to make progress on a promised boutique winery and vodka distillery.The Overseas Investment Office (OIO) told Mikhail Khimich in May to sell the 10ha near...
Categories: Economic News

Business success all about keeping clients

NZ Herald - Fri, 24/10/2014 - 17:00
Retaining customers is the number one factor critical for business success. That's a finding following a survey of New Zealanders in business recently done by the Herald in partnership with ASB, underlining the importance of strong...
Categories: Economic News

Cloud business boosts Microsoft

NZ Herald - Fri, 24/10/2014 - 17:00
Microsoft's quarterly profit and revenue has sailed past expectations, as chief executive Satya Nadella's push to embrace cloud computing and diversify into mobile devices helped lift sales by 25 per cent.Revenue from cloud services,...
Categories: Economic News
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