![]() | |||
| |||
|
|||
Recent Articles
|
Topic: European DebtMarket Commentary by Scott J. Brown, Ph.D., Chief Economist
Consumer Confidence tanked in January, while the Consumer Sentiment Index improved. The ISM Manufacturing Index was stronger than anticipated. Personal income jumped 2.6%, reflecting a 34.3% spike in dividend income and earlier bonus payments. Spending rose 0.2%. The PCE Price Index was flat overall (+1.3%) and ex-food and energy (+1.4% y/y) – trending well below the Fed’s 2% goal. «Read the rest of this article» Sections: Business | No Comments
Weekly Market Snapshot from Frazier Allen for the week of January 30th, 2013Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Oh, and the House and Senate only have to come up with a budget that can be approved by one chamber. They don’t have to have a set of budget bills that can be approved by both chambers (that is, something that could be sent to the president and signed into law). Spending cuts are still slated to kick in on March 1st, with about half of that in defense. «Read the rest of this article» Sections: Business | No Comments
The Weekly Market Snapshot from Frazier Allen for the week of January 20th, 2013Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Earnings reports were mixed, but investors seemed more concerned with the path ahead. «Read the rest of this article» Sections: Business | No Comments
The Weekly Market Snapshot from Frazier Allen for the week of January 13th, 2013Market Commentary by Scott J. Brown, Ph.D., Chief Economist
With little economic data, the stock market began to focus on earnings reports. President Obama nominated Jack Lew to succeed Timothy Geithner as treasury secretary. The move likely signals an emphasis on upcoming battles. Lew currently serves as Obama’s chief of staff. He also ran the Office of Management and Budget for both Clinton and Obama. «Read the rest of this article» Sections: Business | No Comments
The Weekly Market Snapshot from Frazier Allen for the week of January 6th, 2013Market Commentary by Scott J. Brown, Ph.D., Chief Economist
However, there were a number of problems with the plan. Congress failed to prevent (or offset) a two percentage point increase in payroll taxes, which should dampen consumer spending growth in the near term. The bill postponed large spending cuts by two months, did little to reduce the long-term budget shortfall, and did not address the federal debt ceiling. «Read the rest of this article» Sections: Business | No Comments
The Weekly Market Snapshot from Frazier Allen for the week of December 23rd, 2012Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Lacking enough votes within his own party, Boehner pulled the plan on Thursday evening. The result was an even greater bargaining advantage for the Democrats and a near certainty of going over the cliff. There’s still a strong belief that a deal will be reached in January or early February, but negotiations may have to start over with the new Congress. Post-cliff, however, Republicans would be able to vote for tax cuts rather than tax increases. «Read the rest of this article» Sections: Business | No Comments
The Weekly Market Snapshot from Frazier Allen for the week of December 17th, 2012Market Commentary by Scott J. Brown, Ph.D., Chief Economist
The Fed also shifted the language in its forward guidance on the overnight lending rate from dates to economic thresholds. Specifically, the Fed “currently anticipates that the exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6.5%, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2% longer-run goal, and longer-term inflation expectations continue to be well anchored.” «Read the rest of this article» Sections: Business | No Comments
The Weekly Market Snapshot from Frazier Allen for the week of December 9th, 2012Market Commentary by Scott J. Brown, Ph.D., Chief Economist
The unemployment rate fell to 7.7% (from 7.9%), but the drop was due entirely to a drop in labor force participation. The Bureau of Labor Statistics said that Hurricane Sandy did not have a significant impact on the numbers, but details of the Household Survey showed a spike in the number of people unable to get to work due to adverse weather. «Read the rest of this article» Sections: Business | No Comments
The Weekly Market Snapshot from Frazier Allen for the week of December 2nd, 2012Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Business fixed investment was also revised down. The report showed a downward revision to income growth over the last two quarters. The October income and spending report showed a clear negative impact from Hurricane Sandy. However, excluding the storm’s effects, income and spending would have been lackluster (positive, but not particularly strong). The Fed’s Beige Book noted that “economic activity expanded at a measured pace” in October and early November. «Read the rest of this article» Sections: Business | No Comments
The Weekly Market Snapshot from Frazier Allen for the week of November 26th, 2012Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Alright, we’ve been over this and over this, and I’m going to keep going over this until I stop getting questions. Okay? There are two issues with the fiscal cliff. One is that the federal budget is on an unsustainable trajectory. No one disputes that or argues that we shouldn’t address it. There’s broad (not universal) agreement that everything should be on the table, tax increases, the possible elimination of deductions, entitlement reforms, and cuts to defense and other types of spending. That’s not what the fiscal cliff is about. The fiscal cliff refers to doing too much too soon to reduce the deficit and the negative impact that would have on the economy. «Read the rest of this article» Sections: Business | No Comments
|
Now playing at the Movies
Archives |
|
© 2006-2021 Clarksville, TN Online is owned and operated by residents of Clarksville Tennessee.
|