Commentaries

Looking for expansion in manufacturing

September 1, 2009

The Institute for Supply Management will release its latest survey on manufacturing at 10am, and all eyes will be on the headline index which should finally break through 50 – the break even mark between expansion contraction.

To buy, or not to buy MBS

August 31, 2009

It looks like the lines are being drawn within the Fed regarding its massive $1.25 trillion MBS asset purchase plan that’s due to expire at the end of the year.

Japan takes a kinder approach to growth

August 31, 2009

The victorious Democratic Party of Japan did not put economic growth at the heart of its electoral sales pitch. The party’s manifesto mentions “growth” only once. The word “support”, by contrast, appears 19 times.

The mirage of U.S. healthcare

August 26, 2009

On healthcare, the White House is struggling with a political riptide that threatens to drag it into deep water.

It’s a long way from 950 for the S&P 500

August 24, 2009

It’s hard to believe that little over a month ago, investors were holding their breath to see if the S&P 500 had enough momentum to burst through 950 – a psychological level that had held firm since November of last year. Carry through buying Monday from last week’s renewed cheer that the U.S. and global economies were leaving recession behind has pushed the S&P 500 to 1033, its highest level since Oct. 6, 2008 when it traded at 1056.89.

GM coming to government’s rescue

August 20, 2009

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Bankruptcy has certainly been kind to GM. It’s now able to dig into its own cash reserves and help the government out.

U.S. shopper: from muscleman to weakling

August 13, 2009

Americans shoppers have not only been the driving force behind the U.S. economy. They are also a kind of international public good.

Turning point in jobs?

August 7, 2009

Sure they’re still cutting jobs, by nonfarm payrolls are shrinking at slower pace, down only 247K in July, and the unemployment rate actually fell to 9.4% from 9.5%. With other data showing a tentative turning point in housing and manufacturing moving toward expansion, this is starting to feel like the real deal.

Can good numbers be bad news?

July 31, 2009

Barring any unexpected stumbles, and revisions aside, today will be the last time this year that Americans are told their economy is shrinking.

Tech results give few clues to economy: Eric Auchard

July 27, 2009

Windows 7 touchscreen demonstrationBy Eric Auchard

LONDON, July 24 (Reuters) – Investors have proved all too ready to interpret positive earnings trends from Intel, IBM and Apple as signs of economic recovery and to justify a continued rally in technology stocks.