Economy Blog

Property market slowdown hitting construction.…
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Property market slowdown hitting construction.…
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Word On The StreetWORD VIDEORotation TradeMarket players are rotating out of commodites and into tech and financials. What is the trade? Adami thinks this trend will continue for the next three months. He said financial stocks are undervalued - look at Goldman Sachs (GS) and Wachovia (WB). Finerman agreed and disclosed she bought Citigroup (C) on Wednesday. Macke said be patient and buy the dips in both the tech and financial sectors….
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Inflation pressures continued to increase in March, according to the ECRI future inflation gauge. The indicator rose to 110.2 in March, up from 109.6 and remains at a seven-and-a-half year high. The U.K.’s inflation gauge climbed further in March, rising to 113.2 and remains at a cyclical high. Inflation pressures are holding back the ECB and the BoE from lowering their main base rates until the second half of this year.…
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In the spirit of the congratulatory postings proliferating of late, I figured that at least one more was in order for David Veksler, the webmaster who has played a major role behind the recent changes to the Ludwig von Mises Institutes website.
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On increasing speculation the worst of the crisis is over.…
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Indonesia’s trade surplus advanced to $1.89 billion in March, following a $2.7 billion surplus in February.…
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Politicians have lately turned to bragging that some plan of theirs to give someone a new benefit is “fully paid for,” in contrast to a rival’s plan. Then they act as if that gives them some moral superiority as a result. However, revealing who and how much someone intends to take from some to benefit others does not establish that a plan is either ethical or effective.
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Sophisticated market observers and economists joined today in objecting to Presidential candidate positions on energy issues.

The Statements

Sen. McCain was first with a proposal for a "gas tax holiday" this summer.  Sen. Clinton joined in, leaving Sen. Obama as the only holdout for maintaining federal gasoline taxes.

Sen. Clinton has been even more aggressive about high profits for oil companies.  This afternoon, as s…
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This week, I’ve taken the camera to a place that may look unfamiliar and familiar at the same time. It’s a product of immigration, the kind of immigration that has helped to build some big countries into industrial powers. But immigration’s paths are changing, in response to both policies and opportunities. Will [...]…
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South Africa seems to be getting a lot of play recently - in part due to its position as the world’s Fort Knox. But is there alpha in Africa? One reader says “yes!”…
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India reported a trade shortfall of $2.75 billion for the month of April. Moody’s Economy.com had expected a deficit of around $1.8 billion.…
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“Tonight, I’ve got two great American manufacturers that actually serve a purpose,” Jim Cramer told fans of his “Mad Money” TV show Thursday. He picked both Bucyrus International (BUCY) and Joy Global (JOYG) as the next two stocks in his new technology series. Cramer likes Bucyrus because the company has created a remote-controlled dragline, remote-controlled continuous miner and flame-resistant conveyor rolls. He likes Joy Global for its JOY Memory CUT, which makes the working environment safer for coal shearers. The company also makes a spray that cuts down on coal dusting, improving the life of cutting systems. He explained that BUCY trades at 19 times earnings, while growing at 31% and JOYG trades at 17.6 times earnings with a 17.5% growth rate. Cramer said Joy Global has less risk because it’s not as cyclical. He advised market players to wait for a dip to buy these stocks.
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Central banks struggle to tackle supply-side concerns.…
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Central banks struggle to tackle supply-side concerns.…
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Central banks struggle to tackle supply-side concerns.…
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