Exodus From Thai Stocks Worsens on Deepening Corporate Setback
Outflows from stocks were the most in the region this year Political uncertainties add to economic woes to dim outlook A market revival for Thailand just isn’t coming. The nation’s first election since 2019 was supposed to be the catalyst to drive economic growth and...
What Happens to U.S. Activity and Inflation if China’s Property Sector Leads to a Crisis?
A previous post explored the potential implications for U.S. growth and inflation of a manufacturing-led boom in China. This post considers spillovers to the U.S. from a downside scenario, one in which China’s ongoing property sector slump takes another leg down and...
Tim Cook’s Love for China Helps Xi Fight Fears of Economic Slump
Executives flock to Beijing at start of a forum-filled week China’s premier offers little new on policy steps amid angst China’s efforts to counter the downbeat narrative about a structural slowdown in the world’s second-biggest economy got a boost from enthusiastic...
Australia consumer mood darkens anew in March – survey
SYDNEY, March 26 (Reuters) - Australian consumer sentiment eased from 20-month highs in March as worries about the economic outlook and family finances returned to darken the mood, a survey showed on Tuesday. The Westpac-Melbourne Institute index of consumer sentiment...
Fisker Delisted by NYSE as EV Maker Races to Save Itself
Price fell to 9 cents before shares were halted Monday morning EV maker’s talks with automaker for investment were terminated The New York Stock Exchange announced Monday it was suspending trading of Fisker Inc. stock after the electric vehicle startup’s shares sank...
What if China Manufactures a Sugar High?
While the slump in China’s property sector has been steep, Chinese policymakers have responded to the falloff in property activity with policies designed to spur activity in the manufacturing sector. The apparent hope is that a pivot toward production-intensive growth...
Wall Street just gave its highest year-end forecast yet for the S&P 500
Wall Street has a new high water mark for the S&P 500 (^GSPC). Oppenheimer chief investment strategist John Stoltzfus now sees the benchmark index ending the year at 5,500, reflecting a roughly 5% increase from Friday's close. The call comes after a surge in...
Could Moving Out of Expensive States Lead To a Housing Market Crash?
The American dream of homeownership is becoming increasingly elusive in many parts of the country. As people flee expensive states in search of affordability and quality of life, they’re also unknowingly sowing the seeds for potential housing market instability. This...
Bill Gross Laments ‘Excessive Exuberance’ as Stocks Surge
Pimco co-founder notes stocks unaffected by higher real yields Bonds are unattractive because there’s ‘too much supply’ Bill Gross warned that investors are in for a bumpy ride as “excessive exuberance” sweeps financial markets. The S&P 500 Index surged above...
The New York Fed DSGE Model Forecast—March 2024
This post presents an update of the economic forecasts generated by the Federal Reserve Bank of New York’s dynamic stochastic general equilibrium (DSGE) model. We describe very briefly our forecast and its change since December 2023. As usual, we wish to remind our...
Japanese Savers Have a Quadrillion Yen Stashed Away. Here’s How Much That Is
As Japanese equities soar to record highs after a decadeslong slump, the government is now trying to encourage retail investors to put their one quadrillion yen in cash savings to work in the stock market. The latest Bank of Japan quarterly survey showed that...
Nike posts its first digital decline in 9 years
Nike posted its first decline in its Nike brand digital sales since 2015 — when it first began breaking out growth specific to that channel or Nike.com in either earnings releases or earnings calls — raising questions about the effectiveness of its direct-to-consumer...
China on Track to Be Ready to Invade Taiwan by 2027, US Says
China is building its military and nuclear arsenal on a scale not seen since World War II and all signs suggest it’s sticking to ambitions to be ready to invade Taiwan by 2027, a top US admiral testified. Despite Beijing’s economic challenges, its official defense...
How the US Economy Is Doing Depends on Your Politics
Consumer sentiment was once a reliable predictor of election outcomes. Not anymore. The way Americans feel about the economy is now largely determined by party affiliation. During Donald Trump’s administration, consumer sentiment plunged among Democrats and surged...
