Q1 revision for GDP is disappointing and the outlook is murky

by Paul Lengemann, BullsnBears Economist | Jun 28, 2018 | alerts, archive, Markets/Economy

The Q1 GDP growth being revised from 2.9% to 2.0% is quite disappointing.  Results are far from what has been promised by the president. With tariffs about to hit the economy, the outlook is anything but encouraging. In addition to the weak GDP numbers the latest jobs...

New Digital Sales Tax driving markets lower and Wal-Mart higher

by Michael Markowski | Jun 25, 2018 | alerts, archive, digital tax, Digital Tax Impact, Markets/Economy

The more than 1.3% declines for the Dow 30 and the S&P 500 and the 2.0% decline of NASDAQ today were caused by last week’s digital sales tax ruling by the US Supreme Court.  The mainstream financial media has blamed today’s decline on trade. Since the ruling the...

Effect of SCOTUS Sales Tax Decision on Markets

by Michael Markowski | Jun 21, 2018 | alerts, archive, digital tax, Digital Tax Impact, Markets/Economy

The US Supreme Court (SCOTUS) ruled today that the State of South Dakota can apply their brick and mortar sales taxes to those businesses domiciled outside of the state who sell their products and services online to South Dakota’s residents.  This is a significant...

Employment strong but what about the rest of US economy?

by Paul Lengemann, BullsnBears Economist | Jun 21, 2018 | alerts, archive, Markets/Economy

Despite all the disarray and the confusion in Washington about immigration, the employment statistics remain strong. Initial jobless claims in the week ending June 16 fell to their lowest levels since the early-1970. The unemployment rate when it is next reported...

What is the cost of winning a Trade War?

by Paul Lengemann, BullsnBears Economist | Jun 19, 2018 | alerts, archive, Markets/Economy, Tariffs

Last night President Trump announced that he was levying an additional $200 billion of tariffs and Chinese imports.  The result was significant stock market declines throughout Asia and Europe. Several weeks ago, Mr. Trump said that winning a trade war wasn’t so...

Speech given by FOMC member about US economy is telling

by Michael Markowski | Jun 18, 2018 | alerts, archive, Markets/Economy

Bloomberg reported that the Federal Reserve Bank of Atlanta’s President Raphael Bostic who is also a member of the Federal Reserve’s Open Market Committee (FOMC) has become less optimistic about the U.S. economy.   This is due to concerns by the business community...