Economics Articles

  1. 4 Reasons Why Irrational Exuberance Lasts Awhile

    Discover four reasons why markets sometimes exhibit irrational exuberance and form asset bubbles and why those bubbles are ...
  2. Not Wailing, but Shrugging

    Learn about how bottom-up is back as the markets take big macro data in stride.
  3. How Low Interest Rates Are Hurting Private Tech Companies (GS)

    Discover how the Federal Reserve's low interest rate policy is harming the private technology market, possibly creating another ...
  4. 5 Reasons Why Currency Manipulation Matters for Average Investors

    Find out why the Treasury Department identified five potential offenders of currency manipulation, and see how this affects ...
  5. Why this Emerging Region Has Room to Grow

    Learn how disruptive innovation could lead to powerful changes in Latin America and create economic opportunities for more ...
  6. Why the Middle Class Is Not Feeling the Wealth Effect

    Discover why most middle-class Americans feel left behind by the U.S. recovery, and why federal policy might be a major reason ...
  7. Why the U.S. Middle Class is Hit Hardest by Rise in Rent (Z)

    Find out how the middle class is being squeezed more so than the poor as a result of rapidly rising rent prices across the ...
  8. Did the Fed Change Its Stance on Rate Hikes?

    Find out what the Federal Reserve Board is doing regarding interest rate hikes, as well as if it has changed its stance on ...
  9. How to Hedge Against Negative Interest Rates (GLD, GDX)

    Find out why Stanley Druckenmiller believes negative interest rates are dangerous, why the bull market may be ending and ...
  10. Why Money Flow From Japan Matters to the U.S. Equity Market

    Discover why Japanese savers and investors may have a lot to say about the future of the U.S. equity market, and why the ...
  11. Why a Strong U.S. Manufacturing Industry Matters (UTX)

    Consider manufacturing’s contributions to employment and GDP growth by engaging other industries, both upstream and downstream, ...
  12. The Dividend Stock Story, in One Chart

    This week’s chart shows how U.S. dividend stocks have outperformed the S&P 500 over the past year.
  13. What’s Ahead for U.S. Payrolls

    We share a response to this question recently posed by Fed Chair: “Will monthly payroll gains move up toward the solid pace ...
  14. 3 Catalysts for U.S. Equity Market Correction (KMI, SWN)

    Find out what hedge fund manager David Tepper and other top market analysts foresee for the U.S. economy and the stock market ...
  15. How Interest Rates Affect the Housing Market

    Understand how rate changes can affect home prices and learn how you can keep up.
  16. What Increasing Tech Layoffs Mean For Silicon Valley (YHOO, ADSK)

    Find out the reasons for layoffs by Bay area tech companies in 2016. Learn which factors indicate that the regional job market ...
  17. Negative Interest Rates: Good or Bad for American Banks? (PNC, C)

    Learn why net interest margin is so important to banks, and uncover the potential impact a change in interest rate policy ...
  18. Did the G20 Agree on a New Plaza Accord in Shanghai?

    Learn all about a possible secret "Plaza Accord" made at the Shanghai G20 meetings to intervene and push the U.S. dollar ...
  19. Why PIMCO Says China's Growth Is Capped

    Examine five factors that limit PIMCO's forecasts for GDP growth in China. How do real estate, equity markets, policy efficacy, ...
  20. Why High Levels of Household Borrowing Is Not Concerning

    Discover how global debt levels have risen beyond the 2008 financial crisis levels and learn how the current interest rate ...
  21. Why the American Middle Class is Shrinking

    Discover why the American middle class is shrinking and why that is probably good thing, although the Fed might be funneling ...
  22. Portugal Economics: 4 Troubling Similarities to Greece

    Learn about the similarities and differences between the economic woes of Portugal and Greece, and get some statistics and ...
  23. 3 Guidelines to Navigate the Economic Fog

    Here are three guidelines to help investors navigate the current murky economic picture.
  24. Why Lloyd Blankfein Has a Positive Outlook on the Economy (GS)

    Avoid unpleasant surprises by paying attention to economic data relied upon by the Federal Open Market Committee (FOMC) when ...
  25. Why New Overtime Rules May Hurt Workers

    Discover why the Obama administration's new overtime rules may end up hurting businesses, slowing economic growth and punishing ...
  26. Will an Inverted Yield Curve Happen Again?

    Explore the causes of inverted yield curves, their frequency, their accuracy in forecasting recessions and whether this type ...
  27. The Top 5 Ways to Hedge Against Inflation

    Here are five ways to hedge against inflation if it reappears on the horizon.
  28. Why Interest Rates Have Been Low for So Long

    Learn of several competing explanations about why the Federal Reserve has kept interest rates so low in the United States ...
  29. Neutral Corner

    In looking at the current market climate, something to find particularly striking is the dichotomy between investor sentiment ...
  30. Yield-Hungry Investors Are Smitten with the U.S.

    Global demand for yield is good for U.S. investment grade fixed income, but what could it do to credit quality?
  31. Why Investors Should Care About Compound Interest

    Learn about compounding interest and how it impacts savings decisions, debt management, investment strategies and retirement ...
  32. Rising Economy, But Rising Suicide Rate. Why?

    There are various reasons why suicides are increasing, but some believe that long-term economic trends that hinder the less-educated ...
  33. PIMCO Report: China, Commodities and Central Banks

    Learn about PIMCO's global economic outlook as of April 2016. Find out how China, commodities and central banks are influencing ...
  34. U.S. Consumer Spending Weak Despite Low Gas Prices (M)

    Find out why American consumers are spending less and saving more, and why that might actually be a good thing for the whole ...
  35. Japan's Nonperforming Loans Cap Future Growth

    Discover why Japan is lying about its banking sector, and how protecting underperforming Japanese businesses is stunting ...
  36. The Narrowing Corridor of Global Growth

    Global growth appeared to sputter earlier this year, roiling markets. However, investors should get used to living in a moderate ...
  37. The Market Plays a (Fed) Waiting Game

    In this article, we talk about the outlook on equity markets, the path for Fed rate hikes, and the U.S. consumer and retail ...
  38. Why the TIPS Rally Might Not Be Real

    The influx of money into TIPS that ended in April is probably not an indicator that real inflation is on the horizon.
  39. Is the Fed Trying to Minimize the Next Stock Market Crash?

    Find out why the Federal Reserve wants to retroactively alter qualified financial contracts between big banks and investment ...
  40. 3 Industries That Benefit from Low Interest Rates (LEN,EXPE,NFLX)

    The industries that benefit the most from low interest rates are home builders and home-improvement retailers; the consumer ...
  41. Why the Wealth Effect Is Decelerating

    Discover why the Dallas Fed believes the wealth effect shrunk after the Great Recession, and why the wealth effect might ...
  42. Early Innings of a Multiyear Investment Opportunity?

    We provide our outlook for both traditional distressed and more niche credit strategies, and assess the opportunities managers ...
  43. Are TIPS a Good Buy Right Now?

    TIPS are trading at a big discount making this a good time to get into these instruments for those who believe that inflation ...
  44. Global Utilities: Exploring Revenue Trends & Fundamentals

    Analyze global revenue exposure in the utilities sector to learn about the impact of currency, regulation and economic growth ...
  45. Chart of the Week: Why It’s Time for Caution?

    This week’s chart helps illustrate why we’re taking a more cautious view of global equities over the near term.
  46. Italy Economics: 4 Troubling Similarities to Greece

    Learn about the similarities and differences between the economic woes of Italy and Greece, and get some statistics and economic ...
  47. Event-Driven Equity – Hedge Fund Crowding Overshadows

    Learn why selling pressure from several large hedge funds has led to meaningful underperformance in more heavily trafficked ...
  48. 3 Reasons Not to Give Up on China (yet)

    Negative sentiment has focused on China’s debt level, slowing growth and sluggish implementation of reforms. But there are ...
  49. Growth in Australia? 3 Thoughts from PIMCO

    Learn how Australia avoided recession after the global financial crisis. Discover PIMCO's thoughts on Australia's growth ...
  50. High-Yield Bond ETFs: 3 Reasons to Avoid Them

    Examine high-yield bond performance in 2016. Why do rising default rates, falling recovery rates and Fed rate hikes make ...
  51. Spain's Economics: 3 Troubling Similarities to Greece

    Discover why the Spanish economy continues to suffer from devastating unemployment figures, and why a serious approach to ...
  52. Deflation and Debt: Is the United States the New Japan?

    Discover how mainstream macroeconomics has failed Japan and why the United States should take care to avoid Japan's borrow, ...
  53. TIPS: Deflated Expectations, Inflated Opportunity?

    Prices for U.S. Treasury Inflation Protected Securities (TIPS) suggest inflation will be the same over the next 10 years ...
  54. The Share Buyback Report: The Consumer Discretionary Sector (XLY)

    Analyze historical share repurchase data for the discretionary sector and identify the financial and economic factors that ...
  55. Insights Into Robert Schiller's Recession Studies

    Find out what Professor Robert Shiller of Yale University has to say about recessions, what causes them and why human psychology ...
  56. Microeconomics vs. Macroeconomics: Which Is More Useful for Investment?

    Find out why investors are better off ignoring macroeconomic forecasts, and should instead focus on the lessons that microeconomics ...
  57. Why Low Oil Prices Don't Always Mean Low Gas Prices

    Find out why gasoline prices do not always decline with oil prices. Learn about the impact of the refining process, taxes ...
  58. How Interest Rates Work On A Mortgage

    A step-by-step explanation of the interest calculations, mortgage types, and how the loan is eventually "retired" – which ...
  59. Global Energy: Exploring Revenue Trends & Fundamentals

    Examine global energy sector revenue data by country and region, and identify geographical trends and analyze forecasts related ...
  60. A Dollar That Stays Within the Lines

    Find out how a range-bound U.S. dollar could contribute to a renewed focus on company and sector fundamentals.
  61. Energy, Economics, Environment and Exuberance

    Learn why recent news from the coal and solar industries suggest that knowledge is power.
  62. Why Earnings Results Have Not Mattered to the U.S. Equity Markets

    Discover why the U.S. stock market is probably in an asset bubble, how stock prices became detached from the fundamentals ...
  63. How the Bank of Japan Now Owns 90% of the Top 10 Stocks (BOJ)

    Discover how the Bank of Japan ended up as a top 10 shareholder in 200 of the 225 companies listed on the Nikkei 225 stock ...
  64. France Economics: 4 Troubling Similarities to Greece

    Learn about the similarities and differences between the economic woes of France and Greece, and get some statistics and ...
  65. Japan's Case Study: Diminished Effects on QE

    Examine more than 25 years of Japanese expansionary policy, both fiscal and monetary, to see why quantitative easing hasn't ...
  66. Chart of the Week: Is Deflation Dead?

    U.S. deflation is no longer an imminent risk. This week’s chart helps illustrate why.
  67. The Best 2 ETFs for a Rate Hike (XLF,UUP)

    These two ETFs have potential to move higher if the Federal Reserve hikes interest rates.
  68. Why $15 Minimum Wage Might Not Be Good News for Anyone (MCD, DPZ)

    Discover why the minimum wage isn't the panacea it is made out to be, and how artificial wage increases strain businesses ...
  69. Minimum Wage Increase: Will Technology Help Margins for U.S. Companies? (MCD, MSFT)

    Discover why the $15 per hour minimum wage movement may unintentionally be sowing the seeds for a new crop of jobs-stealing ...
  70. How the Credit Market Impacts the Stock Market

    Discover why some analysts believe stock market prices are actually driven by demand for yields in credit markets, and why ...
  71. Why Inflation Feels Higher Than the Fed's Target Rate

    Follow the monthly readings on core PCE inflation in the Personal Income and Outlays reports to understand the Federal Reserve's ...
  72. What Druckenmiller Is Saying About the U.S. Pension System

    Assess the sustainability of the Social Security system in the United States based on Stanley Druckenmiller's warnings. How ...
  73. Global Consumer Services: Exploring Revenue Trends & Fundamentals

    Examine global consumer service revenue data to determine which countries and regions have the most exposure. Identify trends ...
  74. Seriously, What is Helicopter Money?

    Helicopter money is making waves amid zero and negative interest rates prevailing in major economies. Here’s how it works.
  75. Why the Stock Market Isn't Affected by Slow GDP Growth

    Learn how the stock market reached new levels in the years following the financial crisis, even though U.S. economic conditions ...
  76. Is the Eurozone Recovery for Real?

    Is the eurozone’s consumption-led growth uptick sustainable? We took some of the firm’s most senior portfolio managers to ...
  77. Global Industrial Services: Exploring Revenue Trends & Fundamentals

    Analyze geographical industrial service sector data to determine which factors influence revenue exposure by country and ...
  78. Are These the Golden Days for Gold?

    Given an environment of low and even negative yields, slow growth and potential signs of rising inflation, Russ discusses ...
  79. An Underappreciated Trend Supporting European Stocks

    This week’s chart focuses on an underappreciated trend that supports the case for European stocks: The European consumer ...
  80. The Europe Behind the Headlines

    April was far from the cruelest month for investors. Most will have felt sentiment improve behind equities, high-yield bonds, ...
  81. The Challenge the Fed Faces (in 2 Powerful Charts)

    The Fed faces a big challenge as it seeks to raise interest rates this year: The central bank already missed the “window ...
  82. 3 Things You Should Know About Factor Investing

    Learn about factor strategies in data and technology to give all investors access to time-tested investment ideas, once only ...
  83. The Surprising Force Behind Gold’s Rally

    Gold has shown resilience to dropping prices compared to other commodities, and has regained its status as a “safe haven” ...
  84. Global Retail Trade: Exploring Revenue Trends & Fundamentals

    Explore data on global geographical retail sector revenue exposure, and identify factors driving retail consumption and trends ...
  85. PIMCO Report: 3 Thoughts on Recession

    Find out what PIMCO's March 2016 Macro Perspectives report says about the likelihood of recession in 2016 and the years thereafter.
  86. To Correctly Predict the Fed’s Policy Path, Watch This

    The Federal Reserve (Fed) left policy unchanged last week, continuing a “wait-and-see” approach appropriate for today’s global ...
  87. How I Learned to Stop Worrying and Love the Bond

    Though U.S. Treasuries are not as expensive as government bonds, U.S. bonds are offering a relatively paltry real return, ...
  88. Global Industrial Services: 3 Key Industry Players (ETE, 601668)

    Obtain a better understanding of the key global companies within the industrial services sector, and which goods and services ...
  89. PIMCO Report: 4 Views on the 2016 Market and Beyond

    Learn about PIMCO's outlook for capital markets in 2016, and find out which factors will dominate investment strategies in ...
  90. Tempted by Fallen Angels

    As a swathe of the commodities sector is stripped of its investment-grade ratings a few gems will inevitably get caught in ...
  91. Is The TPP Dead?

    The TPP isn’t officially dead, but it has been convicted in the court of public opinion and is waiting on death row.
  92. Ray Dalio Report: The Economic Machine and Where We Are Now

    See why hedge fund manager Ray Dalio thinks he's figured out business cycles and why the simplest answer might not always ...
  93. Can Japanese Stocks Rise Again?

    This week’s chart shows how Japanese companies’ inflation expectations have been steadily declining in recent quarters, amid ...
  94. A Handy Tool for Comparing Sovereign Credit Risk

    Sovereign debt is not “risk free.” In reality, sovereigns never were devoid of credit risk, but the probability of capital ...
  95. Did We Reach a Ceiling to Fuel Growth by Borrowing?

    Find out how years of low interest rates and high borrowing have left the world economy with anemic growth and unprecedented ...
  96. Diversification Pays While Low Inflation Stays

    Find out why neither rising rates nor rising defaults would spell the end of opportunistic, diversified fixed income.
  97. How the Weapons Trade is Killing It in the U.S. (RTN, LMT)

    Find out the reasons why the weapons trade is expanding abroad and in the United States, and what it means for U.S. defense ...
  98. Ireland Economics: 3 Troubling Similarities to Greece

    Discover how recent political changes in Ireland could compromise years of balance sheet improvements and economic growth, ...
  99. Negative Interest Rates: Would Americans Spend More?

    Find out why the experimental negative interest rate policy from the Federal Reserve might not spur Americans to spend more ...
  100. How Did Puerto Rico End Up With So Much Debt ?

    Learn how heavy bond issuance, economic decline, oppressive social spending and a declining population combined to bring ...
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