The rumblings of war are getting louder. In an interview on April 27, Donald Trump stated that although he was seeking a “diplomatic solution” to North Korea’s belligerent moves, he also cautioned the possibility of “major, major conflict.” He stated that he was relying on President Xi Jinping of China for his efforts to resolve the dispute over North Korea’s missile and nuclear weapons programs, but he cautioned that diplomatic efforts might fail. 1,144 more words
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The Atlanta Fed’s GDPNow Forecast model was just validated. The official print for Q1 US GDP growth is out and it is 0.7%.
Graphically, we can see that the OFFICIAL Q1 GDP print is higher at 0.7% compared to the Atlanta Fed’s GDPNow forecast of 0.2%. 71 more words
Today opened with several negative economic reports, including a MoM decline in wholesale inventories and durable goods order ex-transportation. Not to mention a decline MoM in pending home sales. 221 more words
The mood at last weekend’s IMF and World Bank Spring Meetings was the most optimistic since the global financial crisis of 2008-2009, as evidenced by the… 334 more words