US Economy

It's A Banana!

Jul 28, 2022 1 min read

Real GDP fell 0.9% (saar) during Q2, following a 1.6% decline during Q1. That's a "growth recession" in our opinion. It is widely believed that two consecutive quarters of declining real GDP is an outright recession. However, it won't be an official recession until the Dating Committee of the National Bureau of Economic Research says so. They might not do so since

Ed Yardeni

No Recession In Today's GDP Indicators

Jul 27, 2022 1 min read paid

Ed Yardeni

Industry Analysts Shaving S&P 500 Earnings Estimates

Jul 25, 2022 1 min read

The industry analysts who cover the S&P 500 companies are starting to lower their earnings estimates for 2022 and 2023. Consider the following: (1) They haven't cut their estimates by much, so far, but enough to flatten S&P 500 forward earnings after it rose to a record high four weeks ago. (Forward earnings is the time-weighted average of analysts' consensus earnings estimates

Ed Yardeni

The Economic Week Ahead, July 25-29, 2022

Jul 24, 2022 2 min read paid

The week ahead is jam-packed with economic data that are likely to show weakening economic activity and some signs of peaking inflation. In addition, the latest FOMC statement, released Wednesday, will probably announce a 75bps rate hike. Now consider the following:

Ed Yardeni

More Signs of Slowing Global Economy

Jul 22, 2022 1 min read

Today, S&P Global released its flash estimates for the purchasing managers indexes (PMIs) of the US, the Eurozone, the UK, and Japan. They are showing that the global economy is slowing in both the manufacturing and services sectors: (1) The US services index dropped from 52.7 in June to 47.0 in July. It has been on a downward course since March’s recent high and signaled

Ed Yardeni

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It's A Banana!

No Recession In Today's GDP Indicators

Industry Analysts Shaving S&P 500 Earnings Estimates

The Economic Week Ahead, July 25-29, 2022

More Signs of Slowing Global Economy