Tag Archives: US economy

Watch out, it’s October …

Posted on October 7, 2014 by Geoff O'Reilly

No-one seems to understand why, but this time of year is often tumultuous. (Particularly in the financial world. 1929. 1987. 2008.) This year is looking pretty interesting too. So called “geo-political risk” has risen sharply. Gaza and Ukraine have settled down … Continue reading →

Posted in debt, financial markets, tough times | Tagged , , , , | 1 Comment

US GDP downer pushed the market up!

Posted on June 26, 2014 by Geoff O'Reilly

About an hour after my last post, the US Department of Commerce released it’s final revision of data for US GDP for the first quarter of 2014 … a staggering -2.9%. Bloggers, twitterers and columnists went into overdrive: “This is the … Continue reading →

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Phantom recovery

Posted on January 11, 2014 by Geoff O'Reilly

Highlights from yesterday’s US Government press release on jobs: unemployment down in one month from 7% to 6.7%; 74,000 new jobs created in December. Sounds OK doesn’t it? The economy must be recovering … (Wall Street rose a bit on … Continue reading →

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Bubbles anywhere?

Posted on December 11, 2013 by Geoff O'Reilly

Just about every relevant source I read is now writing about bubbles. Are we, or aren’t we, inflating bubbles? The Economist is typical: “TALK of bubbles is in the air again. The Dow Jones Industrial Average has hit an all-time … Continue reading →

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US jobs – spinning the data

Posted on December 10, 2013 by Geoff O'Reilly

There was quite some buoyancy in the commentary on the US economy last week. The US Bureau of Labor Statistics (BLS) released it’s monthly jobs data. Because the Federal Reserve has said it is more focused on employment than inflation, … Continue reading →

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Is the US economy growing?

Posted on November 11, 2013 by Geoff O'Reilly

In the last several days we have seen these economic news items out of the US. This from the Sydney Morning Herald on the 8th: The Australian dollar is lower after very strong US economic growth figures … [my emphasis] … Continue reading →

Posted in employment | Tagged , , , , | 2 Comments