Gross Domestic Product

Tyler Durden's picture

German Bank Sets Precedent: Sues The ECB





In a move presaged by objections from politicians and some smaller EU financial institutions, the German lender L-Bank is suing the ECB in a bid to avoid falling under the central bank’s direct supervision. WSJ calls this "the most radical step by a European bank against ECB supervision [and] highlights the headwinds the ECB is facing from some politicians and smaller lenders in Germany, Europe’s biggest economy."

 
Tyler Durden's picture

The U.S. Economy Slows To Stall Speed





This long-term weakening of the economy is the direct result of financialization and the Federal Reserve's policy of propping up impaired debt with more debt and constantly bringing demand forward with zero interest rates.  The U.S. economy is slowing to stall speed--the point when gravity overcomes the lift provided by central bank free money. This deceleration is evident in a number of indicators such as gross domestic product (GDP), which is now at 0% according to the Federal Reserve Bank of Atlanta's GDPNow model.

 
Tyler Durden's picture

How The Fed Has Failed The Nation (In One Chart)





There is only one way to end the financial tyranny of the Federal Reserve--abolish it, and put an end to the predatory pathologies of its policies...

 
Tyler Durden's picture

Frontrunning: March 30





  • Setbacks and progress as Iran, six powers meet to end nuclear impasse (Reuters)
  • Russia’s Foreign Minister Sergei Lavrov to Leave Iran Nuclear Talks (WSJ)
  • Obama Ramps Up Lobbying on Iran as Deadline Looms (WSJ)
  • Greek yields edge up as lenders scrutinise reform pledge (Reuters)
  • Oil prices drop on possible Iran deal, dollar (Reuters)
  • Yemen’s Houthis Battle for Aden as Saudi Strikes Hit Rebels (BBG)
  • Iran nuclear deal to see $20 oil if Tehran floods crude market (Telegraph)
  • China’s Zhou Says PBOC Has Room to Act on Growth Slowdown (BBG)
 
Tyler Durden's picture

Frontrunning: March 24





  • Germanwings Airbus crashes in France, 148 feared dead (Reuters)
  • Greece promises list of reforms by Monday to unlock cash (Reuters)
  • Merkel Points Tsipras Toward Deal With Greece’s Creditors (BBG)
  • Banks Shift Bond Portfolios -Move to ‘held to maturity’ category aims to guard against rising rates, shield capital  (WSJ)
  • Beijing to Shut All Major Coal Power Plants to Cut Pollution (BBG)
  • As Silence Falls on Chicago Trading Pits, a Working-Class Portal Also Closes (NYT)
  • Oil below $56 as Saudi output near record, China activity slows (Reuters)
 
Tyler Durden's picture

Fed Vice-Chair Stan Fischer Explains What Yellen Really Meant Last Week - Live Feed





*FISCHER SAYS RATE LIFTOFF LIKELY WARRANTED BEFORE END-2015

With the world now convinmced that Janet Yellen is as dovish as she has ever been on rate hikes, today comes the first post-FOMC speech. None other than Vice-chair Stanley Fischer is due to address The Economic Club of New York on the topic of "Monetary-policy lessons and the way ahead." As Art Cashin warned this morning, Fischer "seems to feel that the Fed must raise rates this year. He is also the only Fed official to concede that any rate hike will be different than any seen before."

 
Tyler Durden's picture

One Last Look At The Real Economy Before It Implodes - Part 3





In the previous installments of this series, we discussed the hidden and often unspoken crisis brewing within the employment market, as well as in personal debt. The primary consequence being a collapse in overall consumer demand, something which we are at this very moment witnessing in the macro-picture of the fiscal situation around the world. Lack of real production and lack of sustainable employment options result in a lack of savings, an over-dependency on debt and welfare, the destruction of grass-roots entrepreneurship, a conflated and disingenuous representation of gross domestic product, and ultimately an economic system devoid of structural integrity — a hollow shell of a system, vulnerable to even the slightest shocks.

 
Tyler Durden's picture

Crash Landing: China Home Prices Plunge At Fastest Pace On Record, Surpass Post-Lehman Collapse





Less than three weeks ago, when the PBOC proceeded with its latest "surprise" rate cut, we showed a chart that should scare everyone who is hoping that China will avoid a hard-landing would prefer would never have been revealed: the annual collapse in Chinese home prices is now so sharp and so widespread, that it has surpassed the housing collapse in the aftermath of the Lehman collapse." Overnight things went from bad to worse, when China's National Bureau of Statistics reported that contrary to hopes for a modest rebound, China's average new home prices fell at the fastest pace on record in February from a year earlier.

 
Tyler Durden's picture

One Last Look At The Real Economy Before It Implodes - Part 2





In the first part of this article series, we discussed the true state of global demand, along with the unstable situation within numerous indicators from exports to retail. Swiftly falling global demand for raw materials as well as consumer goods is an undeniable reality. This is a distinct problem in terms of the U.S., which has been, up until recently, the primary consumption driver for much of the world. As we will show, U.S. demand is about to fall even further into the abyss as real unemployment and personal debt take their toll.

 
Tyler Durden's picture

"The Only Mystery Is Why Everyone Persists In Talking About A Recovery"





There is no mystery anywhere to be found in the fact that US retail sales don’t follow the jobs trend. Not if you look at what kind of jobs they are, let alone at all the other made up and manipulated numbers that are being thrown around about the US economy. The only mystery is why everyone persists in talking about a recovery. That recovery will never come, simply because all 90% of Americans do is pay for the other 10% to get richer. There are many other factors, but that all by itself makes a recovery a mathematical mirage.

 
Tyler Durden's picture

Spot The Oddly Optimistic One Out





"Exceptionally" optimistic, "exceptionally distracted" ignorance, or "exceptionally blind" faith?

 
Tyler Durden's picture

What Happens To The Stock Market If The U.S. Follows The World Into Recession?





Regardless of income, history shows that stocks crater when payrolls, industrial production and real final sales all tank. The current euphoria for stocks has several components: one is soaring corporate profits, and the other is quasi-religious faith in the power of central banks to keep stocks lofting higher in a complete disconnect from fundamentals such as sales, profits, production or payrolls. History is rather unkind to blind faith in central banks, just as the rising U.S. dollar and stagnant sales are being very unkind to corporate profits.
 
Tyler Durden's picture

The 'Other' Biggest Greek Problem: Shipping





Simply put -  the Greek economy still consumes more than it earns. Despite a 25% contraction in its economy, a plunge in domestic consumption and a sharp decline in imports, as WSJ reports, Greece is still exporting less than it imports, i.e. its current account is still negative. The reason... Shipping.

 
Tyler Durden's picture

Tsipras Slams “Crimes Of Third Reich And Hitler’s Hordes", Threatens Seizure Of German Assets





Earlier today, Greek Prime Minister Tsipras was busy not making German friends, following the latest Greek overture to confiscate German assets in response for allegedly unpaid German WWII reparations. “After the reunification of Germany in 1990, the legal and political conditions were created for this issue to be solved. But since then, German governments chose silence, legal tricks and delay. And I wonder, because there is a lot of talk at the European level these days about moral issues: is this stance moral?” Tsipras said and added that "despite the crimes of the Third Reich and Hitler’s hordes, the German debt was written off." As a result Greece is now seeking to recoup German WWII reparations which may amount to as much as 80% of Greek GDP!

 
Tyler Durden's picture

NFIB Chief Economist Warns "Bubble In US Net Worth Has Reached Unsustainable Heights"





"The relationship of U.S. net worth to GDP appears to have reached unsustainable heights," warns NFIB Chief Economist William Dunkelberg, adding that a massive decline in the value of assets is "more likely" than a massive increase in GDP. Logically this seems unavoidable, unless you believe that we are truly wealthier now, even with an economy that is delivering a rather poor performance (historically weak output and sales growth) in real terms. It would seem not to be 'whether' we will adjust but when.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!