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Tag Archives: inflation
The Economic Cycle Research Institute (ECRI) is one of the leaders in business cycle forecasting, but they had one spectacular and very public forecasting failure in the fall of 2011 – when they predicted an imminent U.S. recession. Until that … Continue reading
The market was clearly thrilled with the +163K non-farm payroll (NFP) number on Friday morning. Equity markets were up worldwide, as were most commodities. The NFP number was much better than the consensus estimate of +100K, although the estimate of … Continue reading
The US economic news continued to deteriorate last week, but the market was focused exclusively on the Greek vote and failed to acknowledge the latest economic developments. The following post provides an overview of the major economic releases from last … Continue reading