Global Macro Perspectives
Another brilliant commentary by John P. Hussman of Hussman funds. Impulse Response by John P. Hussman of Hussman funds (www.hussmanfunds.com). …So what is the most likely outcome of this situation? In my view, the next three months represent the most serious window for the U.S. economy and labor market. The typical 23-26 week lag between […]
Yield was at 4.82 vs. 4.65 on July 13. Mighty high as Greece supposedly received 2-year fully funded bailout package. German 6-month rate is at 0.43%.
(For August 2010) U.S. retail sales rose 0.4% in August . The consensus was at 0.3%, June reading was revised down to 0.3%. Autos taken out, the figure was an increase of 0.6% right vs. consensus 0.3% growth. Prior reading was revised to 0.1%. On year level retail sales are up 3.6%. Gains, again, came mostly […]
(For September 2010) ZEW Germany expectation of economic growth for September came out at -4.3 vs. 10 consensus and 14.0 reading for July. Further indication of slowdown in German economy. Chart 1. ZEW Germany Expectation of Economic Growth vs. Assessment Current Situation 6-Month Lag