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Category Archives: Economic Analysis
There were few, but significant, changes to the Federal Open Market Committee’s policy statement. It reads as though the Federal Reserve (Fed) is close to waving the checkered flag on its full employment goal. This shouldn’t be too much of … Continue reading
In the wee hours of Thursday morning in Athens, Greece’s parliament approved the second set of legislation, reforming its judicial procedures and bankruptcy laws. These complete what are called prior actions, conforming with the deal struck with creditors last week. … Continue reading
Negotiators came to an agreement with Iran to restrict Iran’s nuclear program in exchange for a lifting of economic sanctions. Investors, meanwhile, may eventually have more opportunities to invest in the country. There were six countries engaged in negotiations with … Continue reading
The weekend’s negotiations were interesting, to say the least. The running narrative in June was that Greece’s government was being irrational. Now Germany has come across as being unreasonably strict. If anything, I guess the past 72 hours have answered … Continue reading
Now that Greece has defaulted on its debt to the International Monetary Fund (IMF), what happens next? First, Greece hasn’t defaulted, at least according to the technical meaning of the term. Technical meanings are important here. Greece is now “in … Continue reading
On Saturday morning, Greece’s prime minister surprised negotiators (including his own) when he called for Greeks to go to the polls on July 5 and vote on whether Greece should accept the measures proposed by the European Central Bank (ECB), … Continue reading
The Federal Open Market Committee (FOMC) upgraded its assessment of the U.S. economy in its policy statement but signaled it is still waiting for more evidence that inflation will move toward its 2% target. There were tweaks to the economic … Continue reading
Today we have a joint post by John Manley, CFA, and Brian Jacobsen, Ph.D., CFA, CFP®. “…Socialist governments traditionally do make a financial mess. They always run out of other people’s money.”—Baroness Margaret Thatcher It would appear that the current … Continue reading
The Federal Reserve (Fed) inched a bit closer to a rate hike with today’s employment situation report. Payrolls expanded by 280,000, and the past two months were revised to add 32,000 jobs, up from previous reports. Wage gains remain low, … Continue reading