News

Australia’s crop production is headed for a record result

Australia’s crop production, boosted by good rain, is forecast to increase by 32% to a record high of 52.4 million tonnes, according to analysts at government forecaster ABARES (Australian Bureau of Agricultural and Resource Economics and Sciences). Above average rainfall in September, followed by mild spring conditions, ensured good soil […]
Australia’s crop production is headed for a record result
News

Australia’s love for clothing is the only high spot for retailers

Spending in Australia will stay low over the next 12 months with clothing the one highlight in a struggling Australian retail sector, says Deloitte Access Economics. Low growth in spending reflects the increasing caution of consumers as wage growth hits record lows, according to the quarterly Retail Forecasts report by […]
Australia’s love for clothing is the only high spot for retailers
Markets

LIFT-OFF: CBA sees the Australian dollar at 80 cents

While most FX forecasters continue to see the Australian dollar moving lower in the years ahead, that sentiment is not shared by the Commonwealth Bank. In a major deviation from market consensus, the bank has turned bullish towards the Aussie, predicting that it will be back at 80 cents by […]
LIFT-OFF: CBA sees the Australian dollar at 80 cents
Markets

The Most Accurate US Economic Forecaster Has Never Been To America

[credit provider=”flickr/stuckincustoms” url=”http://www.flickr.com/photos/stuckincustoms/5931809385/sizes/l/in/photostream/”] Bloomberg put together a list of the most accurate U.S. economic forecasters, polling 69 bankers around the world.Now the results are in, and it turns out that five of the top 8 forecasters are outside the United States. For the most part, they attributed their success to […]
The Most Accurate US Economic Forecaster Has Never Been To America
Markets

It Could Take 3 To 6 Years Before The Fed Raises Rates

The most important part of the Federal Reserve-watching game is now this: figuring out how long it will take for the unemployment rate to drop to 6.5 per cent. That’s the benchmark that the Fed’s rate-setting Open Market Committee pegged in December as the one that will prompt it to […]
It Could Take 3 To 6 Years Before The Fed Raises Rates
Markets

Market Guru Bob Doll Made 10 Predictions For 2012 — Here’s How They’re Doing

[credit provider=”Bloomberg TV screenshot”] Bob Doll, the now former chief equity strategist at BlackRock and the current chief equity strategist for Nuveen, offered 10 predictions for 2012 a year ago.”In summary, 2012 is likely to feature a slow-growth world that includes a recession in Europe,” he wrote. “Should the muddle-through […]
Market Guru Bob Doll Made 10 Predictions For 2012 — Here’s How They’re Doing
Markets

Analysts Are Finally Slashing Earnings Estimates At A Slower Rate

[credit provider=”Dr. Ed’s Blog”] The good news is that industry analysts may be ready to take a rest over the rest of the year after cutting their S&P 500 earnings expectations during October’s Q3 earnings season. They continued to lower their estimates for Q4 during the week of November 22, […]
Analysts Are Finally Slashing Earnings Estimates At A Slower Rate
News

October Was The 5th Hottest On Record

After a raging weather month — with the once-a-century Superstorm Sandy beating up much of the East Coast — NOAA just announced some intense statistics about this last month. Overall, it was the 5th warmest October on record, coming in at 1.13 degrees Fahrenheit above average.
October Was The 5th Hottest On Record
News

Arctic Sea Ice Doubled In Size During October

[credit provider=”NOAA”] After reaching record lows earlier than expected in September, Arctic sea ice has doubled, but it’s still the second smallest on record. The lowest sea ice extent for October came in 2007.”This is a little bit of a change compared to September, which is when arctic sea ice […]
Arctic Sea Ice Doubled In Size During October
News

America’s Weather Satellite System Could Soon Become A Lot Worse

[credit provider=”NY Post Twitpic” url=”http://twitpic.com/b8hvy5″] As early as Oct. 22, when Hurricane Sandy was just a churning spout of turbulence in the distant Atlantic, the National Hurricane centre in Miami was already warning that it could develop into a storm with potentially devastating impact on the East Coast.One computer model […]
America’s Weather Satellite System Could Soon Become A Lot Worse
Markets

The 10 Riskiest Industries In America

[credit provider=”flickr: GavinLi” url=”http://www.flickr.com/photos/gavinli/4346869445/”] Kevin Boyland and Anna Son at IBISWorld released a report highlighting 10 U.S. industries with limited growth prospects.Even as the economic recovery continues, these industries aren’t likely to be losers.
The 10 Riskiest Industries In America
News

Why This Year’s Hurricane Season Has Been So Bad

[credit provider=”Twitter/@EastTNWX” url=”https://www.facebook.com/photo.php?pid=10763316&l=297ef3fe44&id=239314963599″] Before the beginning of this hurricane season, back in May, forecasters thought this year would be an average one.Come August, when the season typically peaks, forecasters notched up their outlook, saying the season would in fact be busier than average.
Why This Year’s Hurricane Season Has Been So Bad
Markets

THE US 20: 20 Big Trends That Will Dominate America’s Future

[credit provider=”Frank Kovalchek/Flickr” url=”http://www.flickr.com/photos/[email protected]/4512880348/”] As election day nears, the conversation in offices, homes, and pulpits across the country has focused almost exclusively on one thing: The Economy.And that’s for good reason. The economic climate will dictate how the country shapes policy on a number of issues including taxes, healthcare, and […]
THE US 20: 20 Big Trends That Will Dominate America’s Future
Markets

Here Are Jobs Report Predictions From 18 Top Wall Street Economists

[credit provider=”St. Olaf College” url=”http://www.stolaf.edu/depts/economics/events.htm”] Economists are closely watching today’s jobs report, with expectations for a 130K print when the August report is finally released at 8:30 a.m.Below, forecasts from some of the Street’s top names.
Here Are Jobs Report Predictions From 18 Top Wall Street Economists
News

CHART: Tablet Sales Will Top 450 Million Units By 2016

Business Insider Intelligence a new research and analysis service focused on mobile computing and the Internet. The product is currently in beta. For more information, and to sign up for a free 30-day trial, click here. Global tablet sales will exceed 450 million units by 2016, according to a new report from BI […]
CHART: Tablet Sales Will Top 450 Million Units By 2016
Markets

What Wall Street’s Top Economists Are Predicting For Today’s Jobs Report

[credit provider=”Bloomberg” url=”http://www.bloomberg.com/video/80778544-economist-girard-nov-17-on-u-s-jobs-housing-consumers.html”] Economists are closely watching tomorrow’s jobs report, with expectations for a 100K print when the July report is finally released tomorrow at 8:30 a.m.Below, forecasts from some of the Street’s top names.
What Wall Street’s Top Economists Are Predicting For Today’s Jobs Report
Markets

The IMF Slashes Its Global Growth Forecast

[credit provider=”Oli Scarff/ Getty Images”] In a move forecast by Christine Lagarde July 6th, the IMF has reduced its global GDP growth forecast from 4.1 per cent to 3.9 per cent for 2013.The report, a quarterly update to the IMF’s World Economic Outlook, cites the Eurozone crisis as the principal […]
The IMF Slashes Its Global Growth Forecast