{"id":2186,"date":"2017-07-05T20:57:24","date_gmt":"2017-07-06T02:57:24","guid":{"rendered":"https:\/\/trends.ufm.edu\/en\/?post_type=newsletter&#038;p=2186"},"modified":"2017-07-23T21:59:55","modified_gmt":"2017-07-24T03:59:55","slug":"us-q2-2017","status":"publish","type":"newsletter","link":"https:\/\/trends.ufm.edu\/en\/report\/us-q2-2017\/","title":{"rendered":"Underneath the Hood, the US Economic Engine Is Faltering"},"content":{"rendered":"<h3>Contents<\/h3>\n<table>\n<tbody>\n<tr>\n<td>\n<ul>\n<li>Actividad Econ\u00f3mica<\/li>\n<li>Desempleo<\/li>\n<li>Demanda de bienes de consumo c\u00edclico<\/li>\n<li>Inflaci\u00f3n<\/li>\n<li>Curva de rendimiento<\/li>\n<li>Liquidity gap<\/li>\n<li>Oferta de dinero<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>Mercado de Valores<\/li>\n<li>Crecimiento del cr\u00e9dito<\/li>\n<li>Tasa de morosidad<\/li>\n<li>Diferencial del riesgo bancario<\/li>\n<li>Tipo de cambio<\/li>\n<li>D\u00e9ficit p\u00fablico<\/li>\n<li>Perspectiva general\u00a0<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Author<\/h3>\n<ul>\n<li><b>Olav Dirkmaat<br \/><\/b>Olav Dirkmaat is professor\u00a0in economics at the Business School of Universidad Francisco Marroqu\u00edn. Before, he was VP at <strong><a href=\"https:\/\/www.nxchange.com\" target=\"_blank\">Nxchange<\/a> <\/strong>and precious metals analyst at <strong><a href=\"https:\/\/www.goldrepublic.nl\" target=\"_blank\">GoldRepublic<\/a><\/strong>. He is also a PhD candidate in Economics at the Rey Juan Carlos University in Madrid. He has a master in Austrian Economics from the same university, as well as a master in Marketing from the VU University in Amsterdam. He\u00a0is also the translator of Human Action of Ludwig von Mises into Dutch. He has a lifelong passion for investing, currently\u00a0manages funds for relatives, looking for investment opportunities in markets that are extremely over- or undervalued.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Contrary to what many think, the underlying data show that the US economy is heading for trouble. Commercial, industrial and consumer credit growth is weakening. Delinquency rates on commercial and industrial loans are rising. Car sales have peaked and the auto industry is heading for trouble. Stock markets are at all-time highs (and overvalued). Unemployment is reaching cyclical lows. Banks have been increasingly engaging in maturity mismatching over the past few years, but are now scrambling to recover liquidity. In other words: the US economy has passed a tipping point. Pressures are building beneath the surface after years of near zero interest rates, precisely when the Fed is raising interest rates.<\/p>\n","protected":false},"author":132,"featured_media":2187,"menu_order":0,"template":"","meta":{"anio":"2017","mes":"April - June","id_estadisticas":"stat-us-q2-2017","newsletter_link":"https:\/\/trends.ufm.edu\/en\/wp-content\/uploads\/2017\/07\/ufm-market-trends-us-q2-2017.pdf","portada_informe":"https:\/\/trends.ufm.edu\/en\/wp-content\/uploads\/2017\/07\/usa_8.jpg","subtitulo":"United States Q2 2017 Report","footnotes":""},"tags":[163,26],"class_list":["post-2186","newsletter","type-newsletter","status-publish","has-post-thumbnail","hentry","tag-163","tag-united-states"],"_links":{"self":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/2186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter"}],"about":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/types\/newsletter"}],"author":[{"embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/users\/132"}],"version-history":[{"count":1,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/2186\/revisions"}],"predecessor-version":[{"id":2188,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/2186\/revisions\/2188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/media\/2187"}],"wp:attachment":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/media?parent=2186"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/tags?post=2186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}