After a relatively strong US real GDP figure for the third quarter of the year, the consensus is that the US will not have a recession this year or next. Indeed, on the contrary, investment banker…| Michael Roberts Blog
Last week’s meltdown in the stock markets of the major economies, which started in the US, reversed this week. But the fall in the US S&P-500 index of the stock prices of the top 500 American c…| Michael Roberts Blog
In Q1 2024, global stock markets recorded their best first-quarter performance in five years, buoyed by hopes of a soft economic landing in the US and enthusiasm about artificial intelligence. &nbs…| Michael Roberts Blog
At yesterday’s end July meeting, the US Federal Reserve Bank held back from cutting its policy interest rate from the current high of 5.25-5.5%. This was despite recognizing that the US econo…| Michael Roberts Blog
About this time last year, I tackled the subject of artificial intelligence (AI) and the impact of the new generalised intelligence language learning models (LLMs) like ChatGPT etc. In that post I …| Michael Roberts Blog
US corporate profit margins are at record highs, despite slowing price inflation and rising wage increases. Looking at the whole US economy, non-financial sector profit margins are at their h…| Michael Roberts Blog
