…are now in, except for Canada who is always the last to release their statistics. We now know that the G7 expansion has been nothing short of pathetic. Why? Because…

…updated, via MG; PDF–see page 4]. It is no longer making that assumption, which is worth another $4T. Brad DeLong annotates/redlines the press release without comment on that part: Compared…

…of QE. New QE correlates with a rebound in global PMIs. Given this correlation and the latest GDP release, I expect that talk of QE anew to surface. Rebecca Wilder…

…swear they put a one-armed man on the tennis court. UPDATE: Contrast the Obama Administration statements (and lack of same) with today’s Press Release from CGI America: Today, President Bill…

…annual domestic profit and wage/salary growth spanning 1981 Q1 to 2011 Q1. The series are deflated by the GDP price index. Real domestic profit growth has been robust, peaking at…

…seasonally-adjusted and annualized basis, which is unrevised from the first release but the composition of spending changed somewhat. On the margin, Q1 2011 looks a bit less stellar (if you…

Today Eurostat released April 2011 inflation for the Euro area. Prices are increasing at a 2.8% annual pace, up from 2.7% in March and very much above the ECB’s comfort…

…here. Greece missed its 2010 budget deficit target by near 1%, 9.6% of GDP projected (see .pdf page 45) vs. 10.5% actual (see Eurostat release, .pdf). The 2011 target is…

Just look at Tracy Alloway’s imagery at FT Alphaville, and you’ll know what’s expected: an imminent Greek default. I still argue no, although European policy tactics are quite enigmatic and…

Via Business Insider Joe Weisenthal reports some of the buzz in DC: The White House is officially going to release its budget for the coming fiscal year at 10:30 this…