Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis - 20c

Latest Articles

Iowa Caucuses: Cruz Edges Trump and Rubio; Clinton and Sanders in Dead Heat

Ted Cruz was the surprise winner in the Iowa Republican caucuses tonight edging out Donald Trump who in turn edged out Marco Rubio in a very strong voter turnout.On the Democratic side, Hillary Clinton is just a handful of votes ahead of socialist Bernie Sanders in a vote still too close to call. ...

Construction Spending Anemic Despite Warm Weather; Where to From Here?

Economists expecting a huge surge in construction spending thanks to unusually warm December weather were no doubt shocked by today's anemic report. The Econoday Consensus Estimate was for +0.6% in a range of 0.3% to 1.3%, but not a single economist came close. Held down by weakness in ...

China Manufacturing Prices Decline 18th Month; China Hoping to Avoid Hard Landing

China's manufacturing extended its long slump according to the Caixin China General Manufacturing PMI.
Chinese manufacturers signaled a modest deterioration in operating conditions at the start of 2016,  with  both  output  and  employment  declining  at  slightly  faster  rates than in December. Total new busin...
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YES BANK Photo 2018-06-07 04:43

Rana Kapoor, MD & CEO, YES BANK - “RBI’s unanimously delivered 25bps hike has been balanced with a neutral stance, reinforcing MPC’s alacrity to retain inflation within its 4.0% target amidst hitherto buildup in price pressures led by crude prices. The rate action comes at a time when economic recovery now appears to be on a firmer footing. This stance allows RBI the choice to act in accordance with evolving macro and financial conditions, in both global and domestic economy in the coming months. Amidst many moving parts, this will entail a careful balancing of global headwinds from elevated crude prices, geopolitical tensions, and domestic policies of MSPs, state pay commissions on growth-inflation dynamics.” #RBIPolicy