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"No Limit" to Economic Madness
December 6, 2015 0

"No Limit" to Economic Madness

By News Desk

So Mario Draghi followed up with a new pledge ‘No limit’ to ECB Action to Hit Targets . The ECB pledged on Thursday to continue its €60bn-a-month bond buying quantitative easing plan until March 2017 and cut a key interest rate to a fresh record low of minus 0.3 per cent. But the measures disappointed investors that have come to rely on Mr Draghi to smash expectations, with a broad market sell-off after the ECB failed to deliver deeper cuts and an increase in the pace of QE.

On the Verge of Consumer Exhaustion
November 25, 2015 0

On the Verge of Consumer Exhaustion

By News Desk

On the Verge of Consumer Exhaustion Fourth Quarter GDPNow Forecast Sinks to 1.8% Following today’s personal income report in which consumer spending rose only 0.1% month-over-month, the Atlanta Fed GDPNow Forecast for fourth quarter declined by 0.5 percent to 1.8 percent. " The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2015 is 1.8 percent on November 25, down from 2.3 percent on November 18. The forecast for the fourth-quarter rate of real consumer spending declined from 3.1 percent to 2.2 percent after this morning’s personal income and outlays release from the U.S.