Financial Sense

Q2 GDP Advance Estimate: A Major Downside Surprise
Doug Short's picture

The Advance Estimate for Q2 GDP, to one decimal, came in at 1.2 percent, up from 0.8 percent for the Q1 Third Estimate (a downward revision from 1.1 percent). Today's number was far below most mainstream estimates...

Wild Swings in Nikkei, Yen as BOJ Disappoints Markets That Expected More QE
Michael Shedlock's picture

The markets expected the Bank of Japan to unleash lower yields further into negative territory at its Friday policy meeting. Instead, the board voted to keep rates unchanged and to maintain existing monetary base targets.

Best Gold & Silver Forecasters Revise 2016 Targets Sharply Higher
Adrian Ash's picture

Gold and silver prices rose against a falling US Dollar after the Bank of Japan announced smaller-than-expected policy stimulus Friday and more analysts revised their forecasts sharply higher following this year's 26% and...

OMFIF’s David Marsh: Bank of Japan Stands to Make “Enormous” Losses
FS Staff's picture

In a desperate search for yield, central banks, sovereign wealth funds, and public pension funds have been investing in corporate debt and equities on a scale we have never seen before, the OMFIF’s David Marsh told us in a prior interview regarding their comprehensive...

The Curious Timing of Japan's Stimulus Announcement
Stratfor's picture

Now that elections in Japan's upper house are over, Tokyo has turned its attention toward getting the country's sluggish economy on track. Japanese Prime Minister Shinzo Abe announced Wednesday a 28 trillion-yen ($265 billion)...

Should Investors Fear China’s Anti-American Protests?
Global Risk Insights's picture

Following The Hague’s ruling on the South China Sea, Chinese netizens have called for protests and boycotts against American companies. How concerned should investors be about anti-American sentiment among Chinese consumers?

Tale of Two Economies: Industrial vs. Consumer
Kurt Kallaus's picture

Is the economy strong or weak? The safe answer is – both. GDP and median income growth have remained weak, but employment and consumer spending are healthy. Manufacturing and construction hiring and wage gains have been anemic...

Oil Extends Losses as EIA Reports Filling Inventories
Oil Price's picture

As the latest weekly inventory report from the EIA shows builds to both crude and gasoline, prices have reversed course and are charging lower. Hark, here are six things to consider in energy markets today.

Gold Bullion Jumps Before Fed Rate Decision and Durable Goods Plunge
Adrian Ash's picture

Gold bullion rose in a tight trading range Wednesday in London, regaining last week's close of $1325 per ounce after new US data – released before today's July interest-rate decision from the Federal Reserve – showed orders for fridges...

Everything Hinges on Inflation (Expectations)
Matthew Kerkhoff's picture

A few weeks ago I wrote a piece about the flattening yield curves in the top five economies. The implication being that these economies are under duress, as investors forgo adequate compensation in favor of stashing their cash...