from MacroScope:

ECB deflation risk denial has echoes of 2009

January 31, 2014

Euro zone policymakers like to talk. They often contradict each other at separate speaking engagements on the same day. But they have struck a chorus in recent weeks, asserting that deflation is not a threat.

from MacroScope:

The euro zone: choose your own adventure

October 15, 2012

Forecasts about the future for the euro zone economy are starting to resemble a multiple-choice novel. Are you an economist working for an Anglo-Saxon institution? Then turn to p.65 -- "Recession for the euro zone". A German bank? Go to p.80 -- "Happy days are here again!"

from MacroScope:

High-flying economic indicators

September 12, 2011

At a meeting of the National Association for Business Economics in Dallas,  discussions on the economic outlook turned so gloomy at one point that a  well-known economist was heard to say he’s inclined to sell everything and  “just buy a gun.”

from MacroScope:

The octopus and the economists

July 12, 2010

What do an eight-legged creature in an aquarium in Germany and 74 economists have in common? The consensus view that Spain would claim the World Cup -- until the economists, as they so often do, changed their minds.

from Shop Talk:

Check Out Line: Food companies serve up tasty results

February 2, 2010

hershey1Check out the better-than-expected results being served up by food companies.

Chocolate maker Hershey posted a quarterly profit above analysts' expectations, said it was on target to meet its 2010 earnings forecast and boosted its dividend. The company also said it would boost advertising to try to sell more candy, including Almond Joy and York peppermint patties.

from Shop Talk:

Check Out Line: Estee Lauder had a beautiful holiday season

January 21, 2010

Fabrizio FredaCheck out Estee Lauder's much better-than-expected end to 2009.

The cosmetics maker said fiscal second-quarter results, due next week, will fly past its forecast and Wall Street's predictions.  Sound familiar?  That's because the company did the same thing back in October, before it released results for the first quarter of its fiscal year.

from From Reuters.com:

Graphic: Hurricane Bill

By Reuters Staff
August 20, 2009

from MacroScope:

How good are economists at forecasting CPI?

June 2, 2009

Market economists are taking a pasting worldwide for not predicting the global financial crisis. But how good is the profession at more bread-and-butter tasks, such as forecasting economic data?

from MacroScope:

Has Bernanke got it right?

May 7, 2009

"Don't fight the Fed" is an ingrained financial markets axiom and hence, when Federal Reserve Chairman Ben Bernanke speaks, investors, traders, analysts, economists and fund managers pay attention.

from Shop Talk:

Check Out LIne: Mixed profit outlooks

August 15, 2008

nordstrom.jpgCheck out retailer's different views on future profits.
 
Kohl's, the mid-priced department store, says it expects third quarter earnings to be better than expected, while upscale Nordstrom cut its forecast range.
 
That's not to say that Nordstrom's consumers are flocking to Kohl's as the U.S. economy suffers. Kohl's profit fell in the second quarter. But cutting inventory was enough for it raise its profit estimate for the full year. Deutsche Bank retail analyst William Dreher also said the company will be able to set itself apart with fresh merchandise because it cleaned out its inventory.
 
Nordstrom, meanwhile, cut its full-year profit outlook. But while its customers are spending less, the retail chain says they are not trading down.
 
And if they were, they certainly aren't trading down to J.C. Penney, which saw a 36 percent drop in profit and forecast third quarter earnings below analysts' estimates. Sales also fell 2.5 percent.
 
Also in the basket: 
 
H&M defies retail gloom as July sales top forecast
 
Swatch upbeat on H2 as Olympics boosts sales
 
Back-to-School discounts are deeper, more creative (N.Y.Times)