Category Archives: Economics

Creative Destruction 3.0 Meets Roaring ’20s 2.0

Creative destruction refers to the incessant product and process innovation mechanism by which new production units replace outdated ones. It was coined by Joseph Schumpeter (1942), who considered it ‘the essential fact about capitalism’. The process of Schumpeterian creative destruction … Continue reading

Posted in Economics, Employment, Energy, Policy, Politics, Technology | Tagged , , , | Leave a comment

Why The Stock Bull Is A Big Meh For Most Americans

Interesting piece by the FT today that only one-third of Americans feel the benefits of the great bull market.   Only 40 percent of the population realizes stocks are up for the year.  These are tough numbers for a so-called “populist” … Continue reading

Posted in Economics, Equities, Quotes, Uncategorized | Tagged | 11 Comments

Manufacturing Sector Contraction Continues, Led By New Orders – ISM

Of the 18 manufacturing industries, five reported growth in November: Apparel, Leather & Allied Products; Food, Beverage & Tobacco Products; Paper Products; Miscellaneous Manufacturing; and Computer & Electronic Products. (Tempe, Arizona) — Economic activity in the manufacturing sector contracted in November, and … Continue reading

Posted in Economics, Uncategorized | Tagged , , | Leave a comment

Discipline Trumps Conviction

Today’s close above 3125 takes us out of our short position, which we started scaling into at 3025.  We are still fairly confident that this market can be bought at much lower prices at some point in the next 18 … Continue reading

Posted in Economics, S&P500, Uncategorized | Tagged | 2 Comments

This “Chinese Hoax” Is Already Getting Old But Just Beginning

The concept of global warming was created by and for the Chinese in order to make U.S. manufacturing non-competitive. — Donald J. Trump (@realDonaldTrump) November 6, 2012 Our power is going to be shut off again.  That’s three times in … Continue reading

Posted in Climate Change, Economics, Uncategorized | Tagged , , | Leave a comment

World Growth Projections – IMF

In case you missed the IMF World Economic Outlook (WEO) growth projections,  here you have it.  Forecasts are a guide, not a constitution.  

Posted in Economics, Uncategorized | Tagged , , | Leave a comment

COTD: Recession Triggers

COTD = Chart of the Day Nice chart from Mark Zandi from Moody’s Analytics.

Posted in Economics, Uncategorized | Tagged , , | 3 Comments

GDP Now Takes Q4 Forecast Down To 0.3 Percent From 1.0 Percent

The Atlanta Fed’s GDPNow dropped its forecast of Q4 growth to just 0.3% from 1.0 percent. The New York Fed’s GDP Nowcast is showing a gain of 0.4%. Today’s two economic releases indicating lackluster retail sales, consumers purchases of big-ticket … Continue reading

Posted in Economics, Uncategorized | Tagged , , | Leave a comment

World’s Fastest-Growing Economies – October 2019

We have updated the GDP growth rates for the 2019 and the 2020 forecasts and ranked the world’s fastest-growing economies in the ginormous table below.  The data are from the October 2019 IMF’s World Economic Outlook. Note, even though India … Continue reading

Posted in Economics, Uncategorized | Tagged , | 3 Comments

Unit Labor Costs Hit 5-year High

Back in the day, before the Great Flood [of Liquidity] and the “world went mad,” the productivity and unit labor cost release could really move the stock market.  I mean, really move the market.  The connection is through expected margins and … Continue reading

Posted in Economics, Uncategorized | Tagged | Leave a comment