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Found 1,387 search results for keyword: label

Why Reshore Manufacturing? It’s the Only Way to Avoid Defective Pirated Parts

2016-11-23

by

2016-11-23

macro-analytics
If you want to lose your brand, your pricing power and your customers, by all means, rely on a global supply chain filled with defective parts that cannot possibly be detected. Reshoring the entire supply chain so it can be trusted is the low-cost solution once you add up the total lifecycle costs of a hopelessly counterfeit global supply chain.

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Two Types of Credit — One Leads to Booms and Busts

2016-11-19

by

2016-11-19

Factory Shop
In the slump of a cycle, businesses that were thriving begin to experience difficulties or go under. They do so not because of firm-specific entrepreneurial errors but rather in tandem with whole sectors of the economy. People who were wealthy yesterday have become poor today. Factories that were busy yesterday are shut down today, and workers are out of jobs.

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Great Graphic: Euro-the Big Picture

2016-11-14

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2016-11-14

Eurofish
Most economists are focusing on either US monetary policy or US fiscal policy. We focus on the policy mix. After the policy mix, politics is also a weigh on the euro. Our long-term call is for the euro to revisit the lows from 2000.

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Great Graphic: Growth in Federal Spending

2016-11-13

by

2016-11-13

Federal spending growth under Obama is lower than under the previous four presidents. Subsequent to the chart, US federal spending has increased. It will likely increase more under the next President.

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Great Graphic: Shifting Trade-Weighted Exchange Rates

2016-11-12

by

2016-11-12

The dollar's trade-weighted index is firming and a couple percentage points from the year's high set in January. The yen's trade-weighted index is at several month lows, but remains dramatically higher ear-to-date. The euro's trade-weighted index has begun falling amid concerns that it is the next focus for the anti-globalization/nationalism movement. Sterling's trade-weighted index is extending its recovery as a softer Brexit is anticipated, the...

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Rising US Premium Lifts Dollar-Yen

2016-11-11

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2016-11-11

US 10-year rate premium is the largest in 2.5 years. US 2-year premium is the most since Q4 2008. Japanese investors likely will be buying foreign bonds, while foreigners may see opportunities in Japanese stocks after being large sellers in the first 9 months of the year.

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China Update

2016-11-10

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2016-11-10

China
The evolving political situation in China is worth monitoring. China's trade surplus with the US has fallen this year. It has been roughly 20 years since China was formally labeled a currency manipulator. Trump has indicated he would do so.

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Major Currency Pairs & The Election (Video)

2016-11-08

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2016-11-08

Foreign Exchange
We focus on the Election effects regarding the major currency pairs and the US Dollar in this video. Check out the Swiss Franc and the Mexican Peso Price Action after the election. This election has probably been great for CNN`s ratings, that would be a short after the election cycle is over.

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Sterling High Court Decision on Parliament’s Right to Vote on Brexit

2016-11-05

by

2016-11-05

pound
The UK High Court defends Parliament's right to vote before Article 50 is triggered. The decision will be appealed. Sterling approached an important resistance as it extended its rally for the fifth session.

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US Political Anxiety Stems Bond Sell-Off

2016-11-03

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2016-11-03

Yield
Bond yields have been rising in the US and Europe since the summer. There are some country-specific considerations and some generalized factors. Anxiety over US politics has helped bonds recover some lost ground.

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Great Graphic: Sentix Shows a Shift

2016-11-02

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2016-11-02

Sentix Euro Break-up Index: Greece and Italy
The risk that the eurozone implodes over the next year has risen, but is still modest. Italy has surpassed Greece as the most likely candidate. The December referendum is the second part of Renzi's political reforms.

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Are Foreign Investors Done Selling Japanese Equities?

2016-10-31

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2016-10-31

Foreign investors have sold more than JPY8 trillion of Japanese equities through September. Nikkei technicals have improved and the yen has softened. Foreign investors have been net buyers for the past four weeks.

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Great Graphic: CRB Index Revisited

2016-10-27

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2016-10-27

CRB Index
Interest rates and 10-year break-evens are rising. Some think the CRB Index is tracing out a head and shoulders bottom. We look for inflation in non-tradable goods' prices (think services).

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Great Graphic: Italian Banks and a German Bank

2016-10-21

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2016-10-21

DB and Italian bank stocks have been moving in tandem. They suffer from fundamentally different problems. The euro has been selling off as the bank shares rebound.

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Great Graphic: Consumer Inflation: US, UK, EMU

2016-10-18

by

2016-10-18

CPI UK CPI US, CPI Eurozone
Price pressures appear to have bottomed for the US, UK, and to a lesser extent, EMU. Rise in prices cannot be reduced solely to the increase of oil. Core prices are also rising.

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Great Graphic: China’s PPI and Commodities

2016-10-14

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2016-10-14

China Producer Price Inflation
China's PPI rose for the first time in four years. It is related to the rise in commodities. Yet there are good reasons there is not a perfect fit between China's PPI and commodity prices. US and UK CPI to be reported next week, risk is on the upside.

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IMF’s Reserve Data: Dollar Share Little Changed, Yen Share Jumps, Helped By Valuation

2016-10-13

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2016-10-13

The increase in the yen's share of reserves was flattered by the yen's 9% appreciation. The dollar and euro's share of reserves were stable. Chinese integration has seen the share of unallocated reserves fall. Starting with Q3 data, (available end of March 2017) will break out the yuan's share of reserves.

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Sterling: Has the Breaking Point been Reached?

2016-10-12

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2016-10-12

10-year Gilt yield
Sterling's decline is not longer coinciding with lower rates. Sterling's decline is boosting inflation expectations. If the inflation expectations are realized (Sept CPI next week), it will quickly erode what ever competitive gains there may have been.

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Australian property bubble on a scale like no other

2016-10-11

by

2016-10-11

Australian House Miden Multiples
Bubble trouble. Whether we label them bubbles, the Australian economy has experienced a series of developments that potentially could have the economy lurching from boom to bust and back. In recent years these have included: The record run up in commodity prices and subsequent correction. The associated boom in mining investment and current reversal. Record low bond yields. The boom in housing construction. Specifically apartments, that was spurred...

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Great Graphic: Euro is Approaching Year-Long Uptrend

2016-10-11

by

2016-10-11

The year-long euro uptrend comes in near $1.1035, just below the August lows. The technical are fragile, but the euro is below its lower Bollinger Band. The fundamental driver seems to be the backing up of US rates, and widening premium over Germany.

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