The U.S. GDP grew by 2.3% in the second quarter – this came a bit short of market expectations, which were 2.7%. This growth rate, however, is still much higher than in Q1 when the GDP expanded by only 0.6%.…
The FOMC concluded its meeting and released another statement that didn’t offer much new information about the timing of the first historic rate hike. I know what you think – shocker! Well to be fair, there were modest changes to…
The recent plunge in the price of gold took many, including your truly, by surprise. Well, the timing of the 2.2% drop in the price of gold on Monday, July 20th wasn’t expected – as any flash crash should be.…
Greece tops the headlines and for good reasons. The reverberations go well beyond the debt stricken country. And from one such country to the other, we move to Puerto Rico and make the necessary comparisons. We then cover the NFP and…
The U.S. non-farm payroll report showed a gain of 223K in June – close to market expectations. The ADP report estimated an increase of 237K jobs and the market expectations were at 231K, for June. The main sectors that expanded…
Is the US housing sector doing it right this time? We tackle this critical sector and its implications, move on to Saudis solar. move to the Greek crisis and preview next week’s dense schedule. You are welcome to listen, subscribe and provide…
On the eve of the FOMC’s rate hike, one could also ask how a potential higher interest rate affects the U.S. savings rate. After all, the basic idea we are all thought in econ101 is that when interest rates go…
No surprise is also a surprise when it’s a Fed decision. We run down the FOMC meeting, update on the ever-escalating Greek crisis and discuss next week’s important events. You are welcome to listen, subscribe and provide feedback. FOMC rundown: This is what…
The U.S. non-farm payroll rose by 280K in May – higher than market expectations. The ADP report estimated an increase of only 201K jobs and the market expectations were at 222K, for May. Based on the U.S. employment report, the…
The dollar is on a roll in the last two weeks. We discuss the reasons for this strength, and look forward to the next moves and rate hike expectations. We continue with a preview to OPEC’s meeting, a dive into…