Monday, 17 February 2014 01:17

US Recovery – It’s real!

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There continues to be much skepticism among the general public about the recovery of the US economy.

US-4-Budget-Position

In this article, we provide a series of charts that show that the US recovery is very real.

Further evidence can be seen in the US share market.  During the most recent company reporting season we saw 68% of companies in the S & P 500 beating earnings expectations.

The next chart shows the average monthly employment growth – note that a number of 200,000 new jobs is required to lower the unemployment rate.

US-2-Employment-Growth

The US Housing market has a multiplier effect throughout the economy both in terms of employment as well as consumer spending.  Activity and prices have most certainly turned as can be seen in the chart below.

US-3-Housing-Market-Recovery

The US Budget position has dramatically improved as economic activity has turned.

US Corporates are also in good shape – earnings have beaten expectations and their balance sheets are in good shape.

US-4-Budget-Position

DISCLAIMER: The above information is commentary only (i.e. our general thoughts).  It is not intended to be, nor should it be construed as, investment advice.  To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information.  Before making any investment decision you need to consider (with your financial adviser) your particular investment needs, objectives and circumstances.

This entry was posted in Debt Crisis, Investment Advice, Self Managed Superannuation, Superannuation and tagged , , , by Mark Draper. Bookmark the permalink.

Monday, 17 February 2014 01:17

CSL – Company Update – January 2014

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CSL has long been a company we have liked.

Mark Draper (GEM Capital) talks with Daniel Moore (Investors Mutual) about some recent developments with the company as well as an important accounting measure that investors should be aware of when valuing CSL.

DISCLAIMER: The above information is commentary only (i.e. our general thoughts).  It is not intended to be, nor should it be construed as, investment advice.  To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information.  Before making any investment decision you need to consider (with your financial adviser) your particular investment needs, objectives and circumstances.

 

This entry was posted in Investment Advice, Self Managed Superannuation, Shares and tagged , , , , by Mark Draper. Bookmark the permalink.

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