All Posts Tagged: PMI

U.S. Outlook: Dark clouds loom over the global economy

Scott Anderson
Chief Economist

Bad news about the global economy seems to be piling up.

Last week the OECD cut its 2019 global growth estimate to only 3.2% from 3.3% forecast just two months ago. I suspect that most economists will be getting out their pencils to lower global economic growth estimates for this year and next. Economic surprises have remained uniformly negative across most of the world through the middle of May, implying that economic indicators are still falling well short of economists’ diminishing expectations.


For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on May 24.

Key observations:

• Manufacturing segments in two-thirds of major economies either at threshold between expansion and contraction or in decline.
• U.S. stocks are vulnerable to protracted China trade war.
• Recent readings of both U.S. manufacturing and services sectors bode ill for future GDP growth.

Read the full report.

Read More ›

Jumbo loans: 5 things for homebuyers to consider

Victor Polich
Mortgage Banking
Large 3-story house with 2-story detached garage, subtly lit at dusk.

Just as with any other loan, you need to make sure that a jumbo loan is a positive and sustainable fit for your lifestyle and finances.

Read More ›

4 factors that can influence your mortgage payment

Posted by
Female mortgage rep seated at table explaining something to clients.

You should be aware of some common situations that may limit your mortgage loan options.

Read More ›

U.S. Outlook: More signs of weakness in global production

Scott Anderson
Chief Economist
Graph showing quarterly GDP performance, both actual and forecast

We received more confirmation this week that global manufacturing activity in September continues to slow, though there are no clear signs, yet, of a global recession.

Read More ›

U.S. Outlook: Financial volatility takes center stage

Scott Anderson
Chief Economist
Graph showing dramatic rises and falls in Shanghai Stock Exchange Composite Index in recent years.

The drama unfolding in Greece and China is dominating the headlines and has relegated the discussion of Fed liftoff to the back pages of the newspaper.

Read More ›