Submitted by CARPE DIEM
S&P TSX Composite Index for Canada
S&P 500 Composite Index for U.S.

A regular CD reader from Canada (Andrew Greene) passes along the comparison above of the S&P/TSX Composite Index for the Canadian stock market versus the S&P 500 Index for the U.S. stock market. Notice the difference in health care sectors between […]

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Submitted by CARPE DIEM
According to Brian Wesbury and Bob Stein, “Inflation is the leading menace to the US economy.”
Although I usually agree them, I don’t see inflation as much of a menace right now. The core CPI inflation on an annual basis was 2.5% in July, barely above the 10-year average of 2.21%, below […]

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Submitted by CARPE DIEM
The Obama campaign has at long last lifted the veil of mystery that has surrounded the Democratic presidential candidate’s tax increase plans. Mr. Obama’s two economic advisers, Jason Furman and Austan Goolsbee, have an op-ed piece in today’s Wall Street Journal, and it isn’t pretty.

To begin with, they propose bringing back […]

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Submitted by The Capital Spectator
Today’s update on consumer prices could hardly send a clearer message: pricing pressure is rising, and it’s no longer just about energy. Food prices are now a problem as well. Having jumped 6.0% over the past 12 months, food is now advancing faster than overall consumer inflation.
The Federal Reserve can make […]

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Submitted by Econbrowser
Enrique Martinez-Garcia and Janet Koech at the Dallas Fed present their perspective on the international macro outlook. The first is particularly interesting to me.

Chart 1 from Enrique Martinez-Garcia and Janet KoechThey state:
According to advance estimates released by the Bureau of Economic Analysis, U.S. real GDP growth was 1.9 percent in the second quarter […]

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Submitted by CARPE DIEM

DETROIT — One dollar can get you a large soda at McDonald’s, a used VHS movie at 7-Eleven or a house in Detroit.
The fact that a home on the city’s east side was listed for $1 recently shows how depressed the real estate market has become in one of America’s poorest […]

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Submitted by CARPE DIEM
ExxonMobil CEO and chairman Rex Tillerson defended his company’s staggering $11.7 billion in profits for the second quarter, saying that the company’s earnings reflected the magnitude of its business operation.

“I saw someone characterize our profits the other day in terms of $1,400 in profit per second. Well, they also need to […]

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Submitted by CARPE DIEM
The U.S. dollar index (major currencies) reached a 10-month high today at 74.4614, the highest level since October 9, 2007.
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Submitted by CARPE DIEM
The potential market for weather risk coverage is huge, since as much as 70% of American businesses are impacted by weather in some way. While the risks for companies like agricultural firms are obvious, businesses from movie theaters—which see ticket sales slump on sunny days—to transportation companies and clothing manufacturers are affected […]

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