Three central banks in the past 24 hours have reiterated their commitment to easy money. Norway and Sweden both announced earlier this morning they will maintain rates at current levels (1.5 percent and 1.0 percent, respectively) in order to "support economic recovery." Yesterday Canada removed rate hike language from its own press release, implying low rates for longer.
Their actions (or lack of, depending on your perspective) should come as no surprise. Nine additional central banks have lowered benchmark lending rates since September.Read more »
Bloomberg TV is shining the spotlight this week on the key companies driving growth in the U.S. economy. Finding them is no easy task.
Current U.S. GDP growth of 2.5 percent still lags the post-recession norm of 3-4 percent, and S&P 500 earnings will likely slow next year to 6 percent according to the strategists surveyed by Bloomberg. Fact is, growth may actually be getting harder to find. It's one of the reasons Bernanke & co. continue supplying $85 billion per month of liquidity.
So with growth getting harder to find, we're go to work. We screened the S&P 1500 for companies with earnings gains of at least 25 percent over three years:Read more »