You all know that America’s fiscal situation is deteriorating rapidly, right? Sure you do. And you’re probably also aware that Larry Kudlow’s protestations notwithstanding, the CBO is likely correct to suggest that Trump’s tax cuts are going to be seen in hindsight as a catastrophic mistake from the perspective of fiscal rectitude. Here’s what Kudlow told state TV on…
“At $164 trillion—equivalent to 225 percent of global GDP—global debt continues to hit new record highs almost a decade after the collapse of Lehman Brothers. Compared with the previous peak in 2009, the world is now 12 percent of GDP deeper in debt, reflecting a pickup in both public and nonfinancial private sector debt after…
“At $164 trillion—equivalent to 225 percent of global GDP—global debt continues to hit new record highs almost a decade after the collapse of Lehman Brothers. Compared with the previous peak in 2009, the world is now 12 percent of GDP deeper in debt, reflecting a pickup in both public and nonfinancial private sector debt after…
Hello, traders and welcome to our new 4h update about the USD index. On USD Index chart we can see a slow, and sideways price action, which in general resembles an Elliott wave triangle correction. A triangle correction is a more complex pattern, made by five legs and each of them has three minor waves….
The ECB will soon be in a bind as the European economy slows. Germany leads the slowdown. Gustav Horn, one of Germany’s most-experienced business-cycle analysts, says the Possibility of German Recession Increases Noticeably. The following snips are via Goggle translation from German. The uncertainty in the economy and especially in the financial markets, which was largely…
The ECB will soon be in a bind as the European economy slows. Germany leads the slowdown. Gustav Horn, one of Germany’s most-experienced business-cycle analysts, says the Possibility of German Recession Increases Noticeably. The following snips are via Goggle translation from German. The uncertainty in the economy and especially in the financial markets, which was largely…
Abbott (ABT – Free Report) reported first-quarter 2018 adjusted earnings from continuing operations of 59 cents per share, beating the Zacks Consensus Estimate by a penny. The bottom line also improved 22.9% year over year and met the high end of the company’s guided range of 57-59 cents. Moreover, reported earnings in the quarter came in at 23…
Abbott (ABT – Free Report) reported first-quarter 2018 adjusted earnings from continuing operations of 59 cents per share, beating the Zacks Consensus Estimate by a penny. The bottom line also improved 22.9% year over year and met the high end of the company’s guided range of 57-59 cents. Moreover, reported earnings in the quarter came in at 23…
