Browsing Tag

manufacturing

ISM Manufacturing Index at 57.7

The ISM manufacturing index showed the US manufacturing sector expanding at a faster rate, with the index hitting 57.7% in February. Importantly, the three major subindices - new orders, production and employment - all showed robust…

We are not in recession right now

While the US economy has decelerated enough since mid-2015 to put me on recession watch, it has not reached the point of recession. Moreover, the data do not indicate a recession is in the offing in the near-term. Rather, a combination of…

EM turmoil and Eurozone laggards

The meltdown in Brazil is not exactly unexpected since one of my ten surprises for 2014 was that Brazil goes into recession. But I find the pace of the currency reaction alarming and we should be prepared for a crisis as a result. In the…

Fed rate hikes and global growth

Continuing where I left off last week, I am going to emphasize here that the Federal Reserve is likely to raise US interest rates unless the US economy slows materially. Meanwhile, the economic and market fundamentals are moving in the…
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