Economic Discussion In the past it was common to suggest that the stock market was a leading economic indicator and would peak up to six months prior to the economy. I think that was due to a slow dissemination and collection of economic data versus the quick realisation of punters view of economic activity. I […]
Read more
No Comments
Economic Outlook
No Comments
US Economic Update
US Economic Update The American Iron and Steel Institute reported that steel production has been strong: In the week ending on January 28, 2017, domestic raw steel production was 1,736,000 net tons while the capability utilization rate was 73.3 percent. Production was 1,607,000 net tons in the week ending January 28, 2016 while the capability […]
Read more
No Comments
Chinese Commodity Demand
As Chinese GDP growth has slowed the narrative that Chinese commodity demand has declined has been repeated at nasaum. However, this appears to not be true. What has declined is the growth rate of Chinese commodity demand. The economics profession and investment world is addicted to growth rates and ignore gross figures. This is the […]
Read more
No Comments
India…What if?
The IMF recently stated that India’s GDP expanded at 7.6% annual rate, growing faster than China for three straight quarters. India has overtaken Japan to be the worlds third largest economy in 2014. India’s oil imports have surged, across all product categories, on low prices. India consumes 3.7MM barrels/day vs. China’s 9.9MM barrels/day. However, India […]
Read more