Archive for June 29th, 2010

Deeper Analysis

Conference Board Data Moves Markets

June 29, 2010

The global data calendar today was a heavy one.  While including several key Japanese end-of month releases, euro area sentiment indices, and the Case-Shiller house price index for 20 metropolitan areas, two indicators compiled by the Conference Board stole the show. The CB has crunched a U.S. index of leading economic indicators for years, which […] More

Larry's Blog

So Many Economic Problems and No Easy Solutions

June 29, 2010

The U.S. economy performed worse during the past thirty years than between 1950 and 1980 even though the more recent bloc of time had two fewer recessions.  The table below compares growth in real GDP, jobs, and consumer prices in the two periods and additionally isolates the past ten years.  All three economic variables have […] More

New Overnight Developments Abroad - Daily Update

Stocks Tumble Around the World

June 29, 2010

Equities plunged 4.6% in China following a revision to the economy’s index of leading economic indicators to 0.3% from 1.7% reported originally.  This is a recently developed indicator of the Conference Board, which has been calculating a similar statistic for the United States and Europe. The Chinese market’s steep losses spearheaded other sharp stock market […] More