US recession

Service Industries Slowing Down

The service industries from US reported a small victory in January, by slowing at a slower pace than forecasted. The Institute for Supply Management’s index of non- manufacturing businesses, which compose almost 90 percent of the economy, increased to 42.9 from 40.1 in December. Figures below 50 signal a contraction.
This could indicate a turning point in the natural curve of those industries. Read More »Service Industries Slowing Down

The US trade gap widening and its consequences for investing

Recently some worrying news came throgh the main media channels and I had to apply my economics knowledge again to the reality.

The U.S. trade deficit probably widened and the cost of imported goods jumped, underscoring how the surge in oil prices is hurting growth and igniting inflation, economists said before various reports are released this week. Read More »The US trade gap widening and its consequences for investing