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Webinar: Brexit uncertainty strangles Britain’s economy
Carl Weinberg will break down what financial market participants need to now about BTU, BEU and PBS -- Brexit transition uncertainty, Brexit election uncertainty and post-Brexit stagflation.
How much cash is under your mattress?
Is it possible that low interest rates are driving deposits out of banks and into cash? If so, what does it mean for the banking system?
Does China’s economy need stimulus?
China's economy doesn't need stimulus to offset the impact of the U.S. trade war. The bigger threat: African swine fever.
Congrats to @MargaretMolloy et al
It was an extreme case perhaps, after the government shutdown, but the Atlanta Fed GDPNow estimate for growth in Q1 of 2019 was as low as 0.2% on Mar 12 (equivalent to Dec 12 for Q4) and the 19Q1 GDP growth rate is now reported at 3.1%. (First print was 3.2%.)
The info from the Atlanta Fed model (now showing Q4 GDP at 0.3%) is limited at this point, as most of the input data that will be used for calculations have yet to be released. Some of the weakness reflects the GM strike, which held down growth in Oct but won't affect Nov/Dec.
The core PPI was +0.3% m/m in Oct, but there was weakness (worth -0.1 pt) relating to the equities commissions price war. The main Securities Brokerage series was -8.4% m/m, -5.7% y/y. The sub-series for brokerage services for equities & ETFs was -45.5% m/m, -47.3% y/y.
Congrats!