Archive for July 30th, 2015

Deeper Analysis

Comment on U.S. GDP

July 30, 2015

The U.S. economy rebounded in the spring from a weather depressed first quarter.  At 2.3%, the annualized growth of real GDP was very close to market expectations, four times faster than the first-quarter pace, but hardly better than what’s come to be the economy’s average performance.  The six-year-long post-Great Recession upswing has produced an average […] More

New Overnight Developments Abroad - Daily Update

Lots of Data and Another Drop in China’s Stockmarket

July 30, 2015

The dollar rose overnight by 1.0% against the kiwi, 0.4% versus the yen, Swissie and Australian dollar, and 0.2% relative to the loonie, euro and sterling.  The yuan continues to be held steady, but Chinese stocks slumped 2-3%. in other Pacific Basin markets, equities dropped 1.1% in Singapore, 0.9% in South Korea and 0.6% in […] More