Economic


 

Amid the political chaos of the last few days, the White House's chief economic advisor, Gary Cohn, said Tuesday that tax reform can happen this year.

The controversy follows Trump's strong words against North Korea last week that raised concerns about a nuclear threat.

advisor Cohn conference economic House infrastructure tax reform Trump Tuesday White

 

Leaders from the biggest companies in the U.S. are still betting on a sharp economic pickup that has yet to take place, according to an analysis from Goldman Sachs.

Goldman Sachs looked at the conference call transcripts of S&P 500 companies during the second-quarter earnings season wrapping up and found that most CEOs still expect to see stronger economic growth on President Trump's watch.

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Closely followed strategists Bob Doll and James Paulsen agreed Tuesday that sentiment surrounding the U.S. market remains skeptical.

There aren't a whole lot people who are euphoric or kind of can't wait to get in," said Doll, chief equity strategist at Nuveen Asset Management.

doll economic investors market North Paulsen remains strategist tensions Tuesday

 

President Donald Trump is ready to launch a new trade crackdown on China next week according to a Trump administration official.

Deutsche Welle reports US President Donald Trump ponders trade war with China.

China Chinese economic financial market North Korea reports trade trade war Trump

 

Schedule for Week of Aug 13, 2017 [0.10]

Posted on Aug. 12, 2017, 12:11 p.m. by Calculated Risk @ [source]

The key economic reports this week are July retail sales and Housing Starts.

No major economic releases scheduled.

August consensus economic housing July June reading Retail sales shows

 

MUMBAI: Stock market valuations are substantially greater than the long-run average and not far from the frothy levels of 2007, said the government’s mid-year Economic Survey . The price-earnings (P/E) ratio— a widely watched valuation measure—of the Indian stock market reached a level of 23 in May and is estimated to have touched 25 by mid-July against long-run average of 18.“It is well known from the finance literature that a key condition for sustaining unusually high P/E levels is for future economic and, especially profit, growth to be rapid, and/or for investors to be willing to accept a lower return for holding stocks over other less risky assets (the so-called equity risk premium),” said the Survey released on Friday.

economic Indian levels long market Mid run stock survey valuation

 

There is a "significant possibility" of a major stock market correction in the near future which could drag down global economic growth, according to recent analysis from staff at research house Oxford Economics.Writing on Tuesday, Oxford's global head of macro research Gabriel Sterne argued that a 10 per cent fall in global markets , caused by a reduction in "irrational exuberance," could have the potential to wipe as much as 0.3 per cent off growth in major economies. Stocks around the world have rallied strongly during 2017, with all three major benchmarks in the USA frequently breaking to new record highs this year.

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More than 10,000 Americans were killed in 2015 in car crashes involving an alcohol-impaired driver.

In 2010, the last year for which the National Highway Transportation Safety Administration has data, the economic cost of all 2.27 million fatal and non-fatal crashes totaled $242 billion and the comprehensive costs — which includes quality of life valuations — totaled $836 billion.

alcohol comprehensive costs crashes driving economic fatal impaired researchers totaled

 

Donald J. Trump’s presidency has been so full of departures from the norms of international relations that uncertainty has seeped into the calculation of America’s plans. That has subjected the dollar to additional skepticism, enhancing the fundamental factors pulling it down, from worries about the strength of the American economy to improved fortunes in Europe and Asia.

administration American currency dollar economic growth Mr Trump trade Trump United States

 

Everyone has improved theirs.

Despite his heated rhetoric, Dimon has avoided appearing partisan.

business Dimon economic fail heated improved priorities reform shot tax

 

The Association of Southeast Asian Nations has much to crow about as it marks its 50th anniversary: economic and social progress, a manufacturing powerhouse and relative political stability.The 10 Asean members boast of some of the world’s fastest expanding economies like the Philippines and Vietnam , with growth rates of more than 6 per cent. Southeast Asia has emerged as a strong manufacturing alternative to neighboring China , helped by lower labor costs, growing domestic demand and improvements in infrastructure.Trade among Asean members remains low compared to regional groupings like the EU, according to Capital Economics Ltd. Intra-regional trade makes up about a fifth of total trade, compared with more than 60 percent in the EU.

Asean economic economy growth members region Southeast The trade Vietnam

 

With President Trump taking vacation at the same time as Congress and a light data calendar, what will the pundits feast upon?

With President Trump joining Congress on vacation, one source of news (and volatility) might be absent.

data earnings economic expectations indicator market news plenty stock targets

 

With President Trump taking vacation at the same time as Congress and a light data calendar, what will the pundits feast upon?

With President Trump joining Congress on vacation, one source of news (and volatility) might be absent.

data earnings economic expectations growth market news stock targets year

 

Reader Jon wants to know what I do believe and if I have any links.

The average 6th grader would immediately understand how absurd it is to pay people to dig ditches and other to fill the holes, but the average Keynesian believes such silliness.

Amazon benefit bubble economic free Greenspan Keynesian link MMT money

 

Schedule for Week of Aug 6, 2017 [-0.01]

Posted on Aug. 5, 2017, 12:09 p.m. by Calculated Risk @ [source]

The key economic report this week is the Consumer Price Index (CPI). The consensus is for 241 thousand initial claims, up from 240 thousand the previous week.8:30 AM: Thefrom the BLS.

BLS consensus consumer core CPI economic key PPI report Thefrom

 

As all that positive economic news ricocheted through Wall Street, on social media and around office cubicles, conversation inevitably turned to one question: How much credit does Mr. Trump deserve?

After Mr. Trump was elected, however, “I bought into the economic growth rhetoric,” Mr. Gandhi said.

Boeing economic Gandhi growth hiring job Mr Mr Trump news President

 

The Closer: End of Week Charts — 8/4/17 [0.19]

Posted on Aug. 4, 2017, 9:30 p.m. by Bespoke Investment Goup @ [source]

Looking for deeper insight on global markets and economics? In tonight’s Closer sent to Bespoke clients, we recap weekly price action in major asset classes, update economic surprise index data for major economies, chart the weekly Commitment of Traders report from the CFTC, and provide our normal nightly update on ETF performance, volume and price movers, and the Bespoke Market Timing Model.

Bespoke deeper economic global insight major market tonight update weekly

 

Facebook Inc. (NasdaqGS: FB) had a rough IPO. With that said, Facebook has been on a tear since the beginning of the third quarter, climbing 13.5% in the month of July, and that may lead some investors to question if Facebook is still worth the buy.

advertising economic Facebook growth index indicator investors stock volatility year

 

CSX - Buy The Dip [0.10]

Posted on Aug. 4, 2017, 1:30 p.m. by Long Investing Ideas from Seeking Alpha @ [source]

The current decline and economic fundamentals provide us with a great entry to befit from the next rally.

In this article, you will read why the current situation offers a great opportunity to buy one of America's biggest transportation companies: the CSX Corporation (CSX).

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The stock market "has an awful good gig going," with the economic recovery reaching all corners of the globe and U.S. inflation and interest rates still at historic lows, Leuthold Chief Investment Strategist Jim Paulsen told CNBC on Friday.

While the Federal Reserve has raised rates twice this year — with about 50-50 odds of another hike in December ahead of the Friday jobs data — the cost of borrowing money remains at historic lows, which aids the economy and the stock market.

ahead awful economic Friday gig historic lows market rates stock