Deflation strikes back -- Uh, oh… Japan’s prices are falling again. The chart of Japan’s Core CPI looks like the path of the ground hog on ground hog’s day. In this case it is not four more weeks of winter but another bout with [...]
- Global| Feb 27 2009
Deflation Is Back!
- Global| Feb 27 2009
Michigan Consumer Sentiment Estimate Little Changed At Lowest Since 1980
The University of Michigan reported that its February reading of consumer sentiment fell a sharp 8.0% month-to-month, about equal to the mid-month read. That nearly reversed all of the gains of the prior two months and returned the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2009
U.S. 4Q GDP Revised Down To Show Sharpest Drop Since 1980
The U.S. Bureau of Economic Analysis today reported that real GDP contracted at a 6.2% annual rate last quarter. It was the largest decline since the "credit crunch" recession of 1980 and it exceeded Consensus expectations for a 5.4% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 27 2009
U.S. 4Q GDP Revised Down To ShowSharpest Drop Since 1980
The U.S. Bureau of Economic Analysis today reported that real GDP contracted at a 6.2% annual rate last quarter. It was the largest decline since the "credit crunch" recession of 1980 and it exceeded Consensus expectations for a 5.4% [...]
by:Tom Moeller
|in:Economy in Brief
The recession in the U.S. factory sector entered an even more dire phase during the last several months. New orders for durable goods fell 5.2% last month after downwardly revised declines of between 4.0% and 8.0% during four of the [...]
by:Tom Moeller
|in:Economy in Brief
The recession in the U.S. factory sector entered an even more dire phase during the last several months. New orders for durable goods fell 5.2% last month after downwardly revised declines of between 4.0% and 8.0% during four of the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 26 2009
EU/EMU Indices Crash Again In February
As the COIN index had predicted earlier in the week, the Euro area continues to labor under downward pressure in February. The sector indices for EU were mostly lower again in February as the EU sentiment index was at a new all-time [...]
- Global| Feb 26 2009
U.S. Initial Claims For Unemployment Insurance Highest Since 1982; Continuing Claims Another Record
The U.S. labor market weakened ever further as initial claims for unemployment insurance rose to their highest level since 1982. The Labor Department indicated that initial claims for unemployment insurance jumped last week 36,000 to [...]
by:Tom Moeller
|in:Economy in Brief
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