Monthly Archives: February 2014

February 2014

Fundamentals Update: US Budget Update

2017-05-07T22:30:01+00:00

US Budget Update Fundamentals Update as at 23 February 2014 by Lorenzo Beriozza Under current tax and spending laws, the CBO projects the federal budget deficit will shrink over the next few years, reaching a low of $478 billion (2.6% of GDP) in fiscal year 2015. However, several forces are expected to increase deficits later [...]

Fundamentals Update: US Budget Update 2017-05-07T22:30:01+00:00

Fundamentals Update: Swiss Referendum

2017-05-07T22:26:13+00:00

Swiss Referendum Fundamentals Update as at 13 February 2014 by Lorenzo Beriozza Last Sunday, the Swiss decided by a narrow margin to restrict "mass immigration". This should not have any impact on the economy in the short term. The renegotiation of agreements is also likely to be low-key in order not to jeopardise close economic [...]

Fundamentals Update: Swiss Referendum 2017-05-07T22:26:13+00:00

Fundamentals Update: US Cold Weather

2017-05-07T22:18:41+00:00

US Cold Weather Fundamentals Update as at 11 February 2014 by Lorenzo Beriozza The challenge is to quantify the drag to economic growth and determine how it manifests itself in the high frequency data. Focusing on the winter months of December and January, weather can explain about a third of the deviation from the underlying NFP [...]

Fundamentals Update: US Cold Weather 2017-05-07T22:18:41+00:00

Fundamentals Update: US Debt Ceiling

2017-05-07T22:13:28+00:00

US Debt Ceiling Fundamentals Update as at 6 February 2014 by Lorenzo Beriozza The forecast is the Treasury will exhaust extraordinary manoeuvres on February 28, the settlement date of the end-of-month coupon auctions. The exhaustion of the federal government’s cash balance is likely to occur on the next business date, March 3, and thus the [...]

Fundamentals Update: US Debt Ceiling 2017-05-07T22:13:28+00:00

Fundamentals Update: S&P 500

2017-05-07T22:08:52+00:00

S&P 500 Fundamentals Update as at 5 February 2014 by Lorenzo Beriozza January saw a loss of 3.5%, the biggest one-month loss in the S&P 500 Index since May 2012. The main driver of this weakness seems to be sharp currency declines and accompanying stock market losses in several emerging markets, such as South Africa [...]

Fundamentals Update: S&P 500 2017-05-07T22:08:52+00:00