The Fed Cowers From A Phantom
With wages rising at well under 3%, any productivity improvements greater than 1% will mean wages are not helping the Federal Reserve hit its putative 2% inflation target.
growth
Germany: The Motor Is Greased
In total, despite the big recession, the German economy has grown 26% so far this century and, even more importantly, 20% from the minimums of Q1’09. It is currently experiencing one of its best moments since the “V” exit from the big crisis.
IMF Underestimates Spain Economy’s Positive Inertia
What was a surprise in the IMF’s updated growth estimates was the correction made to the growth forecast for Spain this year (-0.1 pp to 2.4%) given “the impact of greater political uncertainty on confidence and demand.”
Top Target of 2863 for the S&P 500 early in 2018, with the Nasdaq reaching 8000
In a BofAML released today and entitled A Year Ahead Forecast So Bullish, It’s Bearish, analysts draw three main conclusions: S&P 500 expected to climb to 2800 next year, despite sharp mid-year correction; inflation could be a global game-changer for stock and credit markets, and global economic growth accelerates,while the U.S. GDP capped by productivity and wages
Italy Minimises Problems But Still Needs Structural Reforms
Italy will choose their next government in 2018. Italy is subject to the same four issues present in many Eurozone member states, but with greater intensity: low growth (with productivity gains gone AWOL before the Global Financial Crisis), high public debt, a weak banking sector and political fragility. Improvements on all four fronts have characterized 2017.
It’s True That Over 75% Of The World Is Growing, But Structural Errors Remain
The IMF has just upped its forecast for global growth by one-tenth of a percentage point to 3.6% and 3.7% respectively for this year and the next. The message from the supranational organisation is relatively positive: over 75% of the world is seeing an acceleration in its rate of growth.
Global economy gains further momentum with September leading indicators
The latest set of September PMIs published yesterday showed that global economic growth momentum will remain very strong until year end, with the US, Europe and Japan set for even higher growth in Q4 2017 and only a minor cooling of economic growth in China. This bodes well for a continuation of US rate normalisation in December 2017.
The synchronisation and strength of global growth is a reality
Intermoney | This week we will see the publication of the first chapters of the IMF’s six-monthly report on Global Economic Perspectives, which should be more favourable than on previous occasions. The synchronisation and the strength of global growth is a reality and the data over the coming months won’t call this into question.
Inditex’s flexible model still driving growth; its momentum unlikely to fade any time soon
Spanish retailer Inditex is the largest in Europe, more than twice the size of the number 2. Kering. With over 7,000 stores and 150,000 employees globally, it continues to outpace its rivals mainly due to its flexible business model.
The Unexplained Mystery Of Inditex’s Stock Market Decline
Nobody has been able to explain, in any credible and understandable way, the reasons for Inditex’s sharp stock market decline, precisely in a year when it’s beating records in terms of sales and profits.