With the closure of 5,600 stores since the beginning of the year, a drop in retail sales should have been expected.

U.S. retail sales unexpectedly fall in February

This is old news that MPs have taken control of parliamentary business to debate different Brexit options. However, the MPs have not been elected only to vote on Brexit options it has to take care of the normal parliamentary business of the UK. It ...

MPs have taken control of parliamentary business to debate different Brexit options ahead of...

With an implied volatility of 12.9% due to the lack of progress with Brexit, the GBP is the most risky currency to trade. Of course the opposite is true since, without volatility, no money can be made trading forex. The other currencies are in the ...

April Monthly Currency Outlook

I think Poloz will not reduce the interest rate of 1.75 per cent until it's really necessary.

Poloz has chance with Arctic speech to put rate-cut bets on ice

Labor productivity growth has been going down for over 20 years in all major economies. Reforms to increase labor and product market flexibility sound good but union in most countries are against this concept because they see it as an exploitation ...

The Keynesian Growth Approach to Macroeconomic Policy and Productivity

Last week the MPs rejected all the 8 options presented. This week they rejected the 4 options presented. When will they agree to something?

UK Labour Brexit Spokesman Starmer: Party To Support Customs Union Motion

Now that last year's budget showed the first surplus in 12 years Australians should be happy that, although the economy is not the best ever, it's a lot better than those of its partners. Additionally, the budget surplus shows that the government is ...

AUDUSD Needs a Catalyst; Will It Be the RBA?

It means that Canada’s services industry is a bright spot if you like low paying jobs at McDonald or the like.

Poloz talks trade: Canada’s services a bright spot

The problem with the US is that, as stated by President Trump, it has the best economy in at least the last 50 years. If that was true, a rate minuscule increase of 1/4% should never have caused the level of panic seen in December. The only ...

Powell's "Patience" Is No Substitute for a Sound Monetary Rule

With the combination of a leftist and rightist government I cannot see how a situation that has prevailed for the last 20 years can be improved substantially in the short term. Looking at the report it's evident that the north has always been richer ...

Wide-ranging reforms needed to ensure Italy’s economic recovery

With 1% of firms reporting weaker demand and 4% reporting higher demand I don't see a problem even if profitability remains weak and firms are more cautious about expansion.

Quarterly Survey of Business Opinion, media release - April 2019

Please read my post just above about democracy. All the latest polls taken in the UK indicate that if a new referendum took place Brexit would lose by a margin of at least 4%. This is because: 1. Young people that did not bother to vote in the first ...

No majority found in Brexit vote count, (GBP lower)

Living in China taught me that, if properly implemented, dictatorship is better than democracy because decisions are made looking at their effects over a long period of time. The biggest problem of democracy is that decisions are made only in order ...

No majority found in Brexit vote count, (GBP lower)

Reminds me of Queen's song "Another one bites the dust".

Conservative MP Nick Boles has resigned from his position

With only 10 days left before Brexit takes place the MPs have to make the right decision real soon.

UK parliament fails to find majority for any softer Brexit option

Thank you for the info. ASB is also the abbreviation for the American Savings Bank.

ASB now expects the Reserve Bank to cut interest rates in May after weak quarterly survey of...

I have lots of friends in China since I live there.

This is the real reason why the U.S. economy isn’t in recession danger now

I don't know about you but I haven't lost $3 million of my equity trading stocks and forex.

50 Cent Unloads Mansion For $3 Million... Donating Money to Charity

特に断りのない限り平残前年比伸び率、単位・％ whatever that means.

Monetary Base (March 2019)

As compared to other advanced economies nothing is wrong with the Canadian economy. The biggest problem with the Canadian economy is the US trade wars with China and with other countries in aluminum and steel. Only Trump can solve these problems.

Bank of Canada chief advocates low rates but sees light on economic outlook