Category: Global Economics

On Friday, GDPNow lowered its third-quarter GDP estimate from 2.3% to 2.0%

Unnaturally Low and negative yield bond yields are wrecking pension plans.

On August 29, negative-yielding debt topped the $17 trillion mark. Nearly all of that is outside the US.

Lots of interesting Tweets today on a variety of subjects.

The University of Michigan Consumer Sentiment Index took a plunge today. The Conference Board’s measure is at highs.

Tory rebels are preparing emergency legislation to stop a No Deal Brexit. Such threats increase the odds of No Deal.

Personal Income is up 0.1%, spending is up 0.6%. Real Disposable Income is up 0.1%, real spending is up 0.4%.

Incoming IMF chief Christine Lagarde says negative rates have helped Europe more than they’ve hurt. I disagree.

Are ultra-long bonds a good idea? Treasury secretary Mnuchin and his advisors don’t agree.

The Remainers are huffing and puffing this morning, but it will be to no avail. Johnston’s strategy is nearly foolproof.