Archive | August, 2012

US Fiscal Policy: Not Credible Under the Ryan Plan

The Fiscal Choice Facing America The rapidly approaching US Presidential election seemingly presents America with a stark choice about the conduct of fiscal policy. In the short-term, however, the Obama Administration and Congress need to reach a compromise about how best to avoid the “fiscal cliff” scenario, where fiscal policy could be tightened by as […]

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Top-line Weakness Evident In Q2 Profit Reports

Early Q2 US Corporate Profit Results We have just had the first busy week of Q2 profit reports from S&P500 companies.  So far, 119 constituent companies have reported Q2 EPS. The following profile has emerged: 67% of reporting companies have beaten expected EPS, but only 38% have beaten revenue estimates. Over the past 4 years, […]

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Not All Bad News For US Labour Market

US Job Openings: Rising Once Again While the overwhelming bulk of global economic news has been negative over the past few months, it is easy to overlook positive economic signals, however scant. For example, the Fed will no doubt have been disappointed by the rise in the civilian unemployment rate to 8.3% in July, despite […]

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