Australian GDP Growth Soars Despite A Large Drop in the Terms of Trade

(This is an excerpt from an article I originally published on Seeking Alpha on June 6, 2012. Click here to read the entire piece.) Tuesday night, the Australian Bureau of Statistics (ABS) reported a surprise jump in GDP of 1.3% quarter-over-quarter. With growing fears of a global economic slowdown, analyst consensus had pegged growth only … Read more

Market Gears Up for U.S. GDP Revision

It seems the market is adjusting to the high potential on Friday morning for a significant revision to second quarter U.S. GDP. The consensus forecast appears to be a revision from 2.4% to 1.4% with a “whisper” number as low as 1.0% “anecdotally” based on watching and reading various bearish pundits. Since failing to break … Read more

Officials Continue to TALK Up A Strong Dollar As the WEAK Dollar Continues to Hurt U.S. Trade Partners

Probably one of the longest running jokes in the financial markets is the amount of time U.S. officials spend talking about their support for a strong dollar while taking no action to actually support a stronger currency. On Monday, Federal Reserve Chairman Ben Bernanke made a rare contribution to the bluster by stating his own … Read more