Wikio - Economic Indicators

Why we should take politics out of monetary policy (Scotsman.com)

Fri, 29 Aug 2008 23:11:24 GMT

... central bankers, charged by their governments to control inflation but limited to the one-club policy of monetary constraint, will over-tighten policy orthodoxy. That said, some argue that US Federal Reserve chairman Ben Bernanke is in danger of repeating the mistakes of his predecessor Alan Greenspan by adopting an over-accommodating strategy, fearful of a looming slump and...

Source : Scotsman.com (subscribe)

Explore : Economy

GDP hits 7.9 pc in Q1, slowest in three years - Economic Times (http://www.dolbajao.com/rss.php)

Sat, 30 Aug 2008 05:46:29 GMT

Economic Times - 10 hours agoNEW DELHI: Indian economy grew by 7.9 per cent in the first quarter (April-June) of the current fiscal, the slowest in the past three-and-half years. Hindu Business Standard

Source : http://www.dolbajao.com/rss.php (subscribe)

Sensex rallies, shunning GDP growth figure (Indian Express)

Sat, 30 Aug 2008 03:29:27 GMT

Decline in inflation and an expcted economic growth rate lifted sentiments in the stock markets.

Source : Indian Express (subscribe)

Explore : Growth, Markets, Money, Stock markets, Stocks

Conduct of monetary policy has become more challenging (Indian Express)

Sat, 30 Aug 2008 03:29:17 GMT

As inflation rates have hardened beyond tolerable levels, monetary policy would continue to address the current aggregate demand pressures, said the RBI in its annual report of released.

Source : Indian Express (subscribe)

Manufacturing & agriculture disappoint in Q1 GDP data (Indian Express)

Sat, 30 Aug 2008 03:29:14 GMT

Despite high inflation and a tight monetary policy, gross domestic product rose 7.9% in the first quarter of 2008-09, down from 9.2% in the same quarter last year. While this is the slowest pace of growth in three years, the rate is almost in line with the trend rate of 8% logged by the economy for the past five years.

Source : Indian Express (subscribe)

GDP growth slows to 7.9% in Q1 (Pakistan News)

Sat, 30 Aug 2008 01:59:51 GMT

India’s economy expanded by a slower 7.9% in the first quarter of this fiscal, but it was on expected lines as high interest rates hit key growth engines, especially manufacturing. Decelerating manufacturing output and power generation pulled down the overall GDP growth to the lowest level in any quarter in over three years. In the [...]

Source : Pakistan News (subscribe)

Explore : India, Indian economy

Coming Deflation Scare (normxxx ruminates...)

Sat, 30 Aug 2008 01:56:00 GMT

The Coming Deflation Scare By Steve Saville | 29 August 2008 Deflation Fear The big run-ups in the prices of some commodities during the first half of this year created the general impression that the inflation threat was rising. However, as we noted in a number of TSI commentaries the FEAR of inflation was rising at a time when the ACTUAL rate of inflation (the rate of money supply...

Source : normxxx ruminates... (subscribe)

GDP growth in first quarter slips to 7.9 pc (Indian Express)

Fri, 29 Aug 2008 22:12:53 GMT

Fears of a poor growth performance in this fiscal were confirmed today as GDP growth in the first quarter of the current fiscal hit...

Source : Indian Express (subscribe)

Explore : India

US GDP gets surprise boost from exports in second quarter (The Telegraph)

Thu, 28 Aug 2008 16:56:28 GMT

US GDP gets surprise boost from exports in second quarterBy Angela Monaghan5:47pm BSTThe US economy expanded faster than expected in the second quarter boosted by a rise in exports but that could change in the second half of the year as the country's trade partners slide into recession.Gross domestic product rose 3.3pc in the three months to July, compared with an initial estimate of 1.9pc, the Commerce...

Source : The Telegraph (subscribe)

Explore : Economy

GDP Much Weaker Than Headline Numbers (Mish's Global Economic Trend Analys)

Fri, 29 Aug 2008 07:07:00 GMT

The 2nd quarter 2008 preliminary GDP numbers are out. Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 3.3 percent in the second quarter of 2008, (that is, from the first quarter to the second quarter), according to preliminary estimates released by the Bureau of Economic Analysis. In the first...

Source : Mish's Global Economic Trend Analys (subscribe)

US GDP rise gives false recovery hope (Times Online)

Thu, 28 Aug 2008 15:16:49 GMT

Brian Fabbri, chief US economist at BNP Paribas, added: "The GDP figure may not say it, but this country is still in trouble. Corporate profits have fallen for four consecutive quarters, companies have fired 60,000 workers a month in the past seven months and the outlook for the economy is pretty grim."

Source : Times Online (subscribe)

Explore : Economy

US GDP rebounds with 3.3% growth (BBC News)

Thu, 28 Aug 2008 13:46:38 GMT

The US economy grew 3.3% in the second quarter of 2008, the Commerce Department said, much higher than first thought.

Source : BBC News (subscribe)

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Futures Jump on GDP Update (Smart Money)

Thu, 28 Aug 2008 13:15:04 GMT

Growth of the gross domestic product was revised to a preliminary second-quarter reading of 3.3%, up sharply from a previous estimate of 1.9%, the Commerce Department said. Economists had expected GDP growth for the quarter to be revised up to 2.7%. Meanwhile, the chain deflator, a measure of inflation, was revised up slightly to 1.2%, up from a prior estimate of 1.1%. Economists had expected no change....

Source : Smart Money (subscribe)

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GDP figures lift mood on Wall Street (Financial Time)

Thu, 28 Aug 2008 13:00:00 GMT

US stocks were set to open higher as investors welcomed encouraging news on the economy and better-than-expected quarterly earnings figures from retailers Sears and Tiffany

Source : Financial Time (subscribe)

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GDP growth dips to 7.9% in first quarter (Hindu)

Fri, 29 Aug 2008 20:54:01 GMT

News: | | | | | | | | | | | | | | | Advts: | | | GDP growth dips to 7.9% in first quarter Special Correspondent Slippages in manufacturing pull down growth Chidambaram optimistic of 7.7-8% growthSlump in power generationNEW DELHI: Confirming fears of a likely slowdown, India’s GDP (gross domestic product) growth dipped to 7.9 per cent in the first quarter this fiscal from 9.2 per cent in the same quarter...

Source : Hindu (subscribe)

Explore : Indian economy

Research Zeitgeist: Regional Banks and GDP (Research Recap)

Fri, 29 Aug 2008 16:46:46 GMT

US regional banks were top-of-mind at Research Recap this week. Last week’s popular post from Oxford Analytica, Regional US Banks May Need Rescuing, was the most-read post this week, while S&P “Very Cautious” on US Regional Bank Credit Quality made the top five as well. Standard & Poors also nabbed the second spot with Distressed [...]

Source : Research Recap (subscribe)

Market jumps up as GDP growth drops to 7.9% (Daily News Analysis)

Fri, 29 Aug 2008 16:41:00 GMT

All thirty of the scrips on the BSE that make up the Sensex advanced as the markets came back with a vengence, rebounding 516.19 points to close 3.67% up at 14,564.53. Bankex and Realty were the chief gainers of the day rocketing up 6.27% and 5.10% respectively. The Bankex crossedthe 7000 mark to close at 7,009.69 with a gain of 413.28 points whereas the Realty index came tantalisingly close...

Source : Daily News Analysis (subscribe)

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Things That Matter More Than the GDP (Seeking Alpha)

Fri, 29 Aug 2008 13:33:56 GMT

Roger Nusbaum submits: A reader asked for my take on GDP, which printed a better than expected 3.3%! It probably means gray skies are gonna clear up and that all is right in the world. Ahem . Barry Ritholtz does the heavy lifting of dissecting the report and spelling out why there is less than meets the eye. Ditto Durable Goodies so I won't reinvent the wheel. Mish just invoked the term Occam's Razor...

Source : Seeking Alpha (subscribe)

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Pulp Fiction: The Latest GDP Revisions (Seeking Alpha)

Fri, 29 Aug 2008 13:15:45 GMT

Yesterday the Bureau of Economic Analysis (BEA) revised its 2Q08 GDP growth to an annualized rate of 3.3%, up from 2.7%. It’s a shame this data had to be revealed on August 28, a date not associated with humorous pranks; had it come out on April 1st investors would have a much better clue that the BEA is joking. There are several problems with the BEA’s data. But the most glaring of them pertains...

Source : Seeking Alpha (subscribe)

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AP too negative with GDP report (Talking Biz News)

Fri, 29 Aug 2008 13:08:01 GMT

Hal Morris, writing on his Grumpy Editor blog, takes issue with the Associated Press story about the latest Gross Domestic Product statistics, noting that it’s too negative for what the numbers show. Morris writes, “In reporting the GDP gain in a lengthy piece, Washington-based AP economics writer Jeannine Aversa promptly gave it a negative twist by inserting a [...]

Source : Talking Biz News (subscribe)