Posts filed under “Economy”

Look Out Below, fill-in-the-blank edition!

Markets were under intense pressure earlier today, with the Dow Jones Industrial Average down almost 400 points. Most indexes were down 2 percent or so around the globe before recovering some of the losses.

As is often the case during big market swings, numerous narratives attempt to explain the causes of the market turmoil. Consider the following headlines:

• “U.S. Index Futures Tumble as Microsoft, Caterpillar Disappoint

• “U.S. Stocks Tumble After Downbeat Data, Earnings

• “Ukraine crisis: EU leaders warn of more sanctions against Russia

• “Microsoft Gave All Kinds Of Gloomy Warnings During Today’s Earnings Call

• “Greece and Europe Dig In on Bailout Terms After Syriza Victory

The only genuine surprise on that list was an unexpected drop in durable goods orders of 3.4 percent in December.

Let’s take a look at the “news” that supposedly drove today’s stock market.

Caterpillar missed fourth-quarter earnings expectations and lowered forecasts for the coming year on (surprise!)  plunging  energy prices and slower European and Chinese sales . Procter & Gamble blamed lower earnings on the stronger U.S. dollar (shocker!), while Microsoft said that software-license  sales for PCs declined (who ever could have seen THAT coming?).

 

Continues here

 

Category: Earnings, Economy, Markets

The Shrinking American Middle Class

click for interactive infographic Source: The Upshot

Category: Data Analysis, Economy, Taxes and Policy, Wages & Income

The Global Innovation Index

click for interactive inforgraphic Source: Bloomberg

Category: Data Analysis, Economy

Geography of Jobs

Click to see the evolution since 1999. Source: Tips Strategies

Category: Economy, Employment

Global Monetary Policy Changes in a Map

Source: Deutsche Bank via Business Insider

Category: Economy, Energy, Inflation

While US Middle Class Falters, Global Middle Class is Growing

Source: Know More

Category: Economy

Biggest Threat to Human Progress is Relentless Stupidity

    “Wealth – any income that is at least one hundred dollars more a year than the income of one’s wife’s sister’s husband.” –H.L. Mencken   On Fridays, I like to wax eloquent and philosophical — about investing, analysis and asset management. Often, there are lessons from other disciplines that are applicable to our…Read More

Category: Economy, Philosophy, Really, really bad calls, Technology

The Where-To-Be-Born Index

Source: The Economist

Category: Data Analysis, Economy, Psychology, Taxes and Policy

Supersize Ambitions

Source: NY Times

Category: Digital Media, Economy, Taxes and Policy

ADB: Asia and Global Production Networks

Source: ADB: “Asia and Global Production Networks”

Category: Economy, Think Tank