Why does the economy need stimulus? Oil (USO) (UCO) is critical for Canada (EWC). Canada’s energy-rich landscape provides the country with 24% of its export revenue. It contributes over 8%…
Brexit’s short-term impact In our series covering third-quarter GDP figures from the United Kingdom, we highlighted how the UK economy seems to have been bearing the Brexit decision well. However,…
Quantitative easing program in place On October 20, the European Central Bank’s (or ECB) stance on monetary policy remained unchanged. However, it added to market volatility (VMVFX) by hinting at…
Lending stuck in low gear Central bankers in major developed markets (EFA) (VEA) have been ineffective in spurring lending and credit creation enough to set the economic engine rolling. Despite…
The oil price plunge The oil price plunge, which started in mid-2014, has been causing much havoc across financial markets. Around the world (ACWI) (VTI), the price of crude oil (USO)…
Market uncertainty has been a major concern some time now. It has led to increased market volatility, as gauged by the VIX, making investors skeptical about their investment choices and decisions. What’s behind this market uncertainty?
The Committee for a Responsible Federal Budget has cited Democratic presidential candidate Hillary Clinton’s latest proposal on driving economic growth.
The Committee for a Responsible Federal Budget, in its September 22, 2016, report, cited Republican presidential candidate Donald Trump’s latest proposal on driving economic growth.
Even without NAFTA, some say jobs would have moved out of the United States anyway in pursuit of low-cost labor or something else.
Republican candidate Donald Trump wants to renegotiate NAFTA. Since 1994, NAFTA has created a common trading market between the United States, Mexico, and Canada.
According to the CRFB, Hillary Clinton’s plan would increase public debt in the United States (IVV) (VOO) by about $200 billion over the next ten years
Over 20 years, the CRFB estimates public debt to reach 106% of GDP with a Clinton presidency and 147% with a Trump presidency.
The debt clock is ticking in the United States, and at a good pace. The total US (SPY) (IWM) (QQQ) debt is currently $19.8 trillion.
US GDP recorded the biggest gain in 3Q16 since 2014—it rose 2.9% in 3Q16. It’s better than the market’s expectation of 2.5% growth.
We’ll have to wait to see the medium- to long-term economic impact of the Brexit. You should also take a look at other macro (ACWI) variables before making any investment decision.
After the Brexit decision, services were a positive factor, while production ended up to be a drag on GDP.
On October 27, 2016, the UK Office for National Statistics released its preliminary estimate of GDP for the third quarter. The results were a positive surprise.
Saudi Arabia has also been involved in the sale of US Treasuries. The country is the 15th-largest holder of US Treasury bonds in the world.
Oil is critical to Saudi Arabia. The country is the largest exporter of petroleum, with 18% of the world’s proven petroleum reserves.
The plunge in oil’s price since mid-2014 has had a direct and negative bearing on Saudi Arabia’s public finances.