Monthly Archives: September 2009

NEILSON: 2009 Holiday Season Sales Expected To Be Flat

42 percent of U.S. consumers expected to spend less this holiday season With the nation seemingly emerging from recession, American consumers remain skittish about spending their money during this upcoming holiday season according to new research from The Nielsen Company.  … Continue reading

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THE US ECONOMY: A GRAPHICAL SUMMARY (SEPT. 2009)

Courtesy of Association of American Railroads

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Confidence surges among CFOs in US

The confidence of US finance chiefs in their companies’ near-term fortunes surged this past quarter, even as many of them predict that a full-scale economic recovery may not begin until 2010, a survey has shown. US companies were expected to … Continue reading

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German Unemployment Posts Surprise Drop

(…) Even after seasonal adjustments, the number of jobless fell by 12,000, resulting in an unemployment rate of 8.2%. Economists polled earlier by Dow Jones Newswires had predicted a rise of 25,000 in seasonally adjusted unemployed and a jobless rate … Continue reading

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China PMI Shows Stable Manufacturing Activity

The HSBC China Manufacturing Purchasing Managers Index, a gauge of nationwide manufacturing activity, fell slightly to 55.0 in September from 55.1 in August, HSBC said Wednesday. August was the sixth consecutive month this PMI has been above 50, after hovering … Continue reading

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WHILE I WAS AWAY…

Three weeks away from about everything economic and financial. Here is a recap of the very important stuff that happened: The S&P; 500 Index rose 3.7% since Sept 9, 6.9% since Sept 2! President Obama, CEO of Obama Motors Co.,  … Continue reading

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CHINA’S POLICY CHOICES

We see little risk that Beijing will prematurely tighten and send the economy into a ‘W’-shaped recovery.  First, because the Chinese Communist Party remains the world’s most liquid financial institution, so it faces no fiscal constraints.  Second, with unemployment high, … Continue reading

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CORPORATE SURVEY: WEAK END MARKETS

RBC/ChangeWave third-quarter corporate survey – conducted from August 24 to September 2 and completed by 3,006 respondents – suggests that weak end markets are still generating downward pressure on selling prices and hiring and capital spending intentions. However, the survey … Continue reading

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Spain Plans to Raise Taxes, Cut Expenses to Rein in Deficit

This is the first of many, many other countries and states to cut spending and raise taxes in 2010 and 2011. Dangerous! Spanish Prime Minister Jose Luis Rodriguez Zapatero said Wednesday his government will moderately raise taxes and cut back … Continue reading

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U.K. Retail Sales Slip in August

(…) The British Retail Consortium said like-for-like sales were 0.1% weaker on the year in August after rising 1.8% in July, pushed lower by weaker sales of clothing and homeware and persistently wet weather. Total sales, which include new store … Continue reading

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German Industrial Production Unexpectedly Eases, Orders Rise

German industrial production eased unexpectedly in July from June, data from the German Economics Ministry showed, but the ministry said that strong manufacturing orders will boost production over the coming months. German industrial output declined 0.9% in July from a … Continue reading

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U.K. Auto Sector Helps Lift Manufacturing Output

Rising auto production boosted U.K. manufacturing output to its strongest level of growth in more than three years in July, with monthly industrial production also beating expectations.(…) In the U.K., data from the Office for National Statistics showed manufacturing output … Continue reading

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