by Paul Lengemann, BullsnBears Economist | Aug 29, 2018 | alerts
Growth in the US remains strong. The second estimate for GDP growth in Q2 came in at 4.2%, up sharply from 2.2% in Q1. It was slightly higher than the initial reading of 4.1%. The result primarily reflects upward revisions to nonresidential fixed investment and...
by Paul Lengemann, BullsnBears Economist | Aug 28, 2018 | alerts
The economic news these days is anything but clear and informative. It is mainly confusing and contradictory. The latest information on consumer confidence is both positive and negative with the Conference Board reporting the best numbers in almost 18 years. Meanwhile...
by Paul Lengemann, BullsnBears Economist | Aug 24, 2018 | alerts
Durable goods orders in July declined 1.7% from a month earlier, following a downwardly revised 0.7% advance in June and compared with market expectations of a 0.5% drop. Transportation equipment drove the decrease as volatile demand for civilian aircraft fell....
by Paul Lengemann, BullsnBears Economist | Aug 21, 2018 | alerts
The collapses of the currencies of three emerging markets countries justify the existence and the growth for cryptocurrencies. Â Â The currencies of Venezuela, Turkey and Argentina have been in the news lately for falling to new lows against the dollar and the other...
by Paul Lengemann, BullsnBears Economist | Aug 13, 2018 | alerts
The Turkish lira crisis is by no means over. Today, the lira at the start of the trading day plunged further and has recovered somewhat since then. Â The crisis will not be over until the government takes some drastic steps to curb inflation and President Erdogan stops...
