Showing posts with the label Opinion

Opinion: Market Analysts Can't Agree on Where Stocks are going next. So Double-Check The Data Before You Buy or Sell.

 Sorce: Mark Hulbert 4-5 minutes It’s an urgent question, since the Citigroup Economic Surprise Index (CESI) has been negative for two months now, following an unbroken positive stretch for more than a year. The CESI measures the extent to which the latest economic news deviates from the Wall Street consensus. The past two months of consistently negative CESI readings therefore mean that the economic news, on balance, has been worse than expected. Is it good news or bad for stock investors that recent U.S. economic news releases have been significantly worse than expected? The latest reading from the Citigroup Economic Surprise Index (CESI) is minus 29.2. Just 10 days ago it was even more negative, at minus 61.7. Its average over the last 18 years is 4.6.

Opinion | U.S. Economy: Is The U.S. Economy Ready to Surge Again as Well as Inflation? By Jeffry Bartash

Image The U.S. economy is ready to surge again. So is inflation. Jeffry Bartash 5-6 minutes Economic Preview Last Updated: March 7, 2021 at 9:26 a.m. ET First Published: March 6, 2021 at 9:01 a.m. ET Inflation has been low for a long time, but that’s not stopping Wall Street from worrying Is the economy about to suffer from a spike in inflation? Investors are starting to worry that prices could surge once the economy recovers. David Mcnew/Agence France-Presse/Getty Images The U.S. added a robust 379,000 jobs in February, and the economy is primed to take off, bu

Opinion: 'It's a racial justice issue': Black Americans are dying in greater numbers from Covid-19

Kenya Evelyn 9-11 minutes - Source: The Guradian While New York’s Governor Andrew Cuomo once called the coronavirus a “great equalizer”, data shows the virus has been anything but indiscriminate. As the US climbed to more than 10,000 coronavirus deaths on Monday state health officials grappled with its disproportionate impact on black Americans. The disparity is especially stark in cities like New Orleans, Chicago and Detroit, where high concentrations of African Americans live. Louisiana has the fourth largest number of Covid-19 cases in the country, and the majority of the Covid-19 deaths are in New Orleans, where black Americans constitute 60% of the population. “Slightly more than 70% of [ coronavirus ] deaths in Louisiana are African Americans,” the state’s governor, John Bel Edwards, said in a press conference on Monday. “That deserves more attention and we’re going to have to dig into that to see what we can do to slow tha

Opinion: The winners and losers of the coronavirus’s global test of governance

Jackson Diehl 5-6 minutes - Source: The Washington Post An emergency tends to reveal the core character of national leaders, along with that of the political systems that produced them. What’s truly exceptional about the coronavirus pandemic is that it is confronting scores of countries simultaneously with the same awesome challenge. We are learning a lot about the state of global governance as a result. In one category are the democratic populists, such as President Trump, Brazilian President Jair Bolsonaro and Mexico’s Andrés Manuel López Obrador. Their response to the spread of the novel coronavirus has been to spew misinformation, minimize the threat and dodge accountability. Trump predicted the virus “is going to disappear .  . . like a miracle.” Bolsonaro dismissed it as no more than a “little cold.” López Obrador said there was no reason for people to stop hugging and kissing, because “nothing happens.” All three resi

Opinion | Don’t tell the partisans, but so far impeachment’s political fallout is negligible

Charles Lane 5-7 minutes - Source: The Washington Post The Senate impeachment trial of President Trump begins in earnest Tuesday, almost precisely four months since House Speaker Nancy Pelosi announced the start of an inquiry into allegations that the president had committed “Treason, Bribery, or other high Crimes and Misdemeanors” by manipulating military aid to Ukraine for personal political advantage. Little uncertainty surrounds the likely outcome: acquittal for Trump by a Republican-led Senate. On the other big question, though — how impeachment might affect the 2020 election — there is more room for debate. What’s striking so far is how little difference this supposedly “historic” process seems to be making. The main impact has been to reinforce what was already the central issue in U.S. politics: “Donald Trump, pro or con?” Now more than ever, opposition to Trump defines what it means to be a Democrat and support for him de

Business | Opinion: The Way Out for a World Economy Hooked On Debt? More Debt

By Enda Curran 7-9 minutes - Source: Bloomberg Photographer: Anne-Christine Poujoulat/AFP via Getty Images Zombie companies in China. Crippling student bills in America. Sky-high mortgages in Australia. Another default scare in Argentina. A decade of easy money has left the world with a record $250 trillion of government, corporate and household debt. That’s almost three times global economic output and equates to about $32,500 for every man, woman and child on earth. New Record Global debt on track to surpass $255 trillion in 2019 Source: IIF, BIS, IMF

Opinion | Brexit: Johnson thinks a ‘culture war’ will win crucial working-class votes. He’s wrong | Lynsey Hanley

Lynsey Hanley 9-11 minutes - Source: THE GUARDIAN Not long after the referendum in 2016, some neighbours suddenly erected a big wooden fence around their front garden. Well, it seemed sudden. Our postman jokingly called it “the Brexit wall”, and although the two events may have been entirely unconnected, the fence took on a symbolism it was probably never intended to have. Whether it was there for reasons of privacy, security, or simply to have something for the ivy to grow on, we’ll never know. I don’t like to ask. But the fence reinforced my belief that community life has never been, and never will be, as straightforward as some dew y-eyed nostalgics would like to present it. That thought recurred this week, as the country staggers towards a general election . Whenever it does finally take place, both the Tories and Labour will make a pitch – in the Midlands and the north of England particularly – on the presumption that the leave v

Opinion I Monetary Policy I The Fed's credibility is at stake as it looks to cut rates under pressure from a vocal president

Jeff Cox 6-7 minutes If the Federal Reserve fulfills expectations and cuts interest rates Wednesday, it will have to convince the public it is doing so to preserve economic growth and not kowtowing to a very vocal president who is demanding looser monetary policy. The Federal Open Market Committee and Chairman Jerome Powell have a delicate balance to strike if they approve what markets are betting is a 25 basis point easing. If the committee presents a reasoned approach to why a cut is necessary just seven months after hiking, it has the potential to execute the move seamlessly. But if the perception emerges that policymakers are merely looking to mollify President Donald Trump , then the central bank’s credibility, and its veil of political independence, could be torn asunder, resulting in damage that could take years to fix. After all, the economic signs in the U.S. look good. GDP rose a better-than-expected 2.1% in the second

Opinion I Even Intel doesn’t seem to know what’s going to happen with Intel

Therese Poletti 5-7 minutes In the semiconductor industry, “mixed signal” usually refers to chips that combine digital and analog circuitry. When referring to Intel Corp. INTC, -1.09%  right now, though, the st

Opinion | Uncertainty clouds the path forward for Afghanistan

By David Ignatius David Ignatius Columnist covering foreign affairs Email Bio Follow 5-7 minutes U.S. troops patrol at an Afghan National Army base in Logar province, Afghanistan, in August 2018. (Omar Sobhani/Reuters) KABUL At the military headquarters here where commanders oversee America’s longest war, an official explains in one sentence the U.S.-led coalition’s bottom-line objective: “Peace is a situation where we can leave, and we don’t have to come back.” But how will the United States move toward this endgame, as U.S. special envoy Zalmay Khalilzad nears conclusion of his secret peace negotiations with the Taliban jihadists that America has been fighting for 18 years? Afghan President Ashraf Ghani is said to have complained late last week that a draft of Khalilzad’s agreement contains “mere promises”from the Taliban and major concessions by the United States, according to a knowledgeable Afgha

Article I Opinion I Technical indicators are bullish as stock market benchmarks attempt new highs

Lawrence G. McMillan 10-13 minutes The prospect of lower interest rates in Europe and the U.S. has driven the stock market into a bullish stampede. And, now, overbought conditions are beginning to appear. However, from a broader perspective, there is too much talk on financial TV about euphoria and how the rally can’t last. That kind of talk raises the possibility of much higher prices before a meaningful correction sets in. But those things are too vague to measure; we will stick with our indicators, which are still bullish. The S&P 500 Index