Archive | 20:21

Goldman Sachs: The End Of The Stimulus Will Crush GDP Growth

18 Aug

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“Goldman Sachs continues to predict that U.S. GDP will remain positive through 2011, with 1.5% growth in H2 2010 and 1.5% growth for Q1 2011, rising to 3% growth by the year’s end. But that’s pretty much anemic growth, and below consensus.

More interesting might be the impact of the withdrawal of fiscal stimulus on GDP growth for the U.S. economy

The positive impact of said stimulus can be viewed in the first half of this chart, pointing to how it dragged up the U.S. growth rate through some more difficult quarters. But now with its withdrawal, its absence will be felt through 2011, where the pace of growth might have been lifted by its retention.

This could partially explain Goldman’s projection that unemployment is set to rise back to 10% in the middle of 2011.”

Read more: Goldman Sachs [via Zero Hedge & Business Insider]

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Most Stressful Cities In The U.S

18 Aug

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“Forbes measured the 40 largest Metropolitan Statistical Areas in the U.S. on six metrics that either cause or are caused by stress: high unemployment, long commute times, long work hours, limited access to health care, poor physical health and a lack of exercise.”

You find the article and a slideshow here.

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Early Vesper Cocktail

18 Aug

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Barron’s: What Happened to Tech Stocks?

BBC: Maersk swings to half-year profit.

Bloomberg: Stocks, Oil Slump on Earnings, Economy; Government Bonds Rally.

BusinessWeek: Facebook Ready to Introduce New Location Service.

Forbes: America’s Anti-Capitalist Agenda.

MarketWatch: A contrarian take on gold.

Reuters: Oil at one month low as U.S. oil stocks head for record.

SmartMoney: When Will the IPhone 4 and IPad Reach China?

The Financial Times: Accounting change set to burden companies.

The Guardian: Oxfam wants bank tax to save poor countries from financial disaster.

The New York Times: Denmark Starts to Trim Its Admired Safety Net.

The Wall Street Journal: Habits like turning out the lights when leaving a room may be virtuous but don’t move the needle much on energy savings.

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Congratulates Cameron & Clegg: 100 Days In Office Tomorrow

18 Aug

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“The coalition’s plans for the next five years are jaw-dropping in their scope. Any one of them, if achieved, would mark a fundamental transformation in Britain—and one that would set the heart of any true-blue Conservative racing. And each of them is in an area in which Baroness Thatcher failed to effect worthwhile change.”

According to a Sky News Survey the Conservatives are still popular, Clegg – not so:

“Support for the Liberal Democrats has slumped to below 10% and if there was an election tomorrow, the Conservatives would win a majority.”

Read the full story on Wall Street Journal here or alternativly: BBC, The Telegraph and The Guardian here:

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Odds For GOP To Control House

18 Aug

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“Intrade odds for Republicans to control the House after the elections in November have been trading above 60% for the last six days, and the current closing price is 64.7%.”

HT: Mark J. Perry – follow his graphs and updates on the Intrade Odds here.

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