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HIGHLIGHTS OF THE WEEK – Nov. 5/12 United States Hurricane Sandy hit the U.S. east cost this week, causing the tragic loss of human lives and major damage to public and private infrastructure. However, the reality is that, from a purely macroeconomic perspective, Sandy’s legacy will likely show up as a relatively minor shock in …
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HIGHLIGHTS OF THE WEEK United States The federal election eclipsed the relatively positive spate of economic data this week. The results, how­ever, leave the state of U.S. politics in the same place they were prior to November 6th, with the same President and roughly the same cast of characters in Congress. Now that the election …
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HIGHLIGHTS OF THE WEEK United States Worries about the looming fiscal cliff, weak macroeconomic data, and disagreement between European authorities and the IMF regarding Greece’s bail out program casted a shadow over financial markets this week. On the data front, declines in both U.S. industrial production and retail sales, as well as an increase in …
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HIGHLIGHTS OF THE WEEK – Nov. 26/12 United States Markets and businesses are rightly worried about the outcome of fiscal negotiations in Washington, but behind the scenes are signs that U.S. growth ismoving to an accelerated trajectory. The biggest headwind to economic growth – the housing market – is becoming a tailwind. This week, existing …
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