Worrisome Signs Series: US recession 100 basis points away?
Feb 12, 2016 12:31 pm UTC| Insights & Views Economy
Yes you are reading it right. US treasury market, which has been a successful predictor of US recession in the past is just shy of 100 basis points from indicating a recession. Since 2014, due to lower oil price and...
Worrisome signs series – US business cycle coming to end?
Jan 14, 2016 09:11 am UTC| Commentary Economy Central Banks
Last time US faced business cycle contraction dates back to 2007, at a time of great recession, which finally ended in June 2009 and it has been expanding since then. Though it is very difficult to gauge how the world...
Worrisome signs series – Global corporate defaults hit highest since 2008/09 crisis era
Jan 05, 2016 11:06 am UTC| Commentary
According to data from Standard Poor rating agency, global corporate defaults are on the rise and in 2015, it has hit highest since 2009. According 34 year history, as shown in figure default rates move up during...
US December ISM manufacturing index signals further contraction
Jan 05, 2016 07:03 am UTC| Commentary
US ISM manufacturing index dropped to 48.2 in December, which marks second month of outright contraction in national manufacturing activity. This release was below consensus expectations of 49.0. This report, which is...
Chinese stock plunge and next day move – lessons from history
Jan 05, 2016 06:46 am UTC| Commentary
Chinese stock market facing heavy swings today. From more than 3% down to almost 1% up and again back to red, down -2%. Despite all the swings, todays move is relatively small compared to yesterday circuit breaking 7%...
Worrisome Signs Series – S&P 500 EPS poses grave concern
Dec 24, 2015 12:39 pm UTC| Commentary
In this series, we have been warning of some worrying signs in US financial market and economy some of which are showing increased risk of recession, others are pointing at an inevitable large correction in SP 500 (if not...
Worrisome Signs Series – is TBS pointing to impending recession in US?
Dec 24, 2015 10:38 am UTC| Commentary
In our previous discussion of Total Business Sales (TBS) of US, released US Census Bureau, we pointed its divergence with SP 500s rise. TBS growth has fallen and staying below zero since January this year and SPs alignment...
Trade Wars Heat Up: EU and China Push Back Against US Tariffs