Financial Sense

Weapons of Economic Misdirection
John Mauldin's picture

GDP is far from the rather exact number most people think. There are lots of ways to measure GDP; and recently, what is not measured has been the cause for some controversy, at least among economists who care...


California – A Deluge Followed by Mega Drought?
Bruce Krasting's picture

Both NOAA and the Australian Meteorologists issued El Nino updates in the past 24 hours. The weekly numbers that were released confirm that an historic event is...


China PMI Contracts Fastest Since February-March 2009
Michael Shedlock's picture

By now it should be perfectly clear to everyone that the entire global economy is cooling and the US will not decouple from that slowdown. Nonetheless, most economists, including those at the Fed, still do not see the obvious.


“Fear Trade” Alert—Again
Sheraz Mian's picture

We are in the midst of the Fear trade again today… and China is again the culprit. This time it’s not that country’s stock market, but its all-important manufacturing sector. More evidence today that the market’s recent China-centric anxiety...


Lessons From a Failed Prediction
Robert Rapier's picture

While there are actually other stories unfolding in the world of energy, you would never know that by my inbox. Most of the correspondence I have received in the past week is still related to oil prices, particularly following...


Markets and Morality
Marc Chandler's picture

Economics is dubbed the dismal science because it studies scarcity. A question that predates human society is how should scarcity be distributed. Nature rewards the strong, the quick, and the cunning. Societies mitigate this...


Chinese Firms Edging Out Samsung and Apple in the Smartphone Industry
Global Risk Insights's picture

Aggressive pricing and strategic partnerships drive China’s rising profile in the global smartphone market. It may not be long until “Made in China” becomes a mark of prestige. Smartphones may be a ubiquitous part of...


The Big Four Economic Indicators: Close to New All-Time High
Doug Short's picture

Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as...


DeVoe’s Unprovable But Highly Probable Theories
Jeffrey D Saut's picture

For the College Humor Magazine I submitted a collection of many ‘laws’ and other items, including my College Course Descriptions: 1) If it’s green, wiggles or slithers, it’s biology; 2) If it stinks, it’s probably chemistry...


US Economic Momentum Remains Positive
Matthew Kerkhoff's picture

The US economy and especially the global economy have tremendous amounts of inertia. Once in motion, they cannot reverse course in a day, or over a few weeks. What can happen over the course of a day or a few days...


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