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“Nobody Knows Anything,” Wall Street Strategist Edition

The Big Picture

This is true about equity and bond markets, specific company stocks, and economic data series. Or, as John Kenneth Galbraith observed, The only function of economic forecasting is to make astrology look respectable. ~~~ Public Enemy’s 13th album was titled “ Man Plans, God Laughs.”

Banking 345
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Question #2 for 2024: How much will job growth slow in 2024? Or will the economy lose jobs?

Calculated Risk

Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2024. 2) Employment: Through November 2023, the economy added 2.6 2) Employment: Through November 2023, the economy added 2.6 Or will the economy lose jobs? Or will the economy lose jobs? million jobs in 2023. million jobs in 2023.

Economy 298
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Question #1 for 2023: How much will the economy grow in 2023? Will there be a recession in 2023?

Calculated Risk

Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2023. 1) Economic growth: Economic growth was probably close to 1% in 2022 as the economy slowed following the economic rebound in 2021. How much will the economy grow in 2023? The FOMC is expecting growth of just 0.4%

Economy 278
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Question #1 for 2024: How much will the economy grow in 2024? Will there be a recession in 2024?

Calculated Risk

Earlier I posted some questions on my blog for this year: Ten Economic Questions for 2024. 1) Economic growth: Economic growth was probably close to 2.6% How much will the economy grow in 2024? An exception for this data series was the mid '60s when the Vietnam buildup kept the economy out of recession.

Economy 200
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Round Trip

The Big Picture

Recall John Kenneth Galbraith’s observation: “The only function of economic forecasting is to make astrology look respectable.” are fast-growing, highly profitable key players in the modern economy. January 24, 2015) The post Round Trip appeared first on The Big Picture. Never forget: Forecasts are marketing.

Economics 246
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What’s Wrong with China’s Economy?

Trade Brains

And now the world’s 2nd largest economy is experiencing a fall after the covid lockdown recovery. 2023 was supposed to be China’s economic comeback year. It is also not shocking that China is reducing the release of lots of public economic data. And this is not the first time China’s economy has run into trouble.

Economy 72
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The Advisory | June 2015

Brown Advisory

The Advisory | June 2015. Wed, 06/03/2015 - 10:14. No central bank has ever wound down such massive stimulus, so the potential impact on the economy and financial markets is not clear. The easing helped stabilize financial markets, reduced the risk of deflation and resuscitated the economy and job growth. Shifting Gears.