Enthusiasm for auto debt comes at a time when
aggregate growth of mortgages, credit cards, lines of credit and other forms of borrowing has slowed.
Not exact matches
Technology sector results so far at least from the likes
of Amazon, Alphabet, Microsoft, Samsung and SAP have broadly beaten forecasts for the first quarter, and overall
aggregate U.S. earnings
growth is tracking seven - year highs
of almost 25 percent.
Technology sector results so far at least from the likes
of Amazon, Alphabet, Microsoft, Samsung and SAP have broadly beaten forecasts for Q1 and the overall
aggregate U.S. earnings
growth is tracking seven - year highs
of almost 25 percent.
Yet on an
aggregate level, business fixed investment hasn't been pulling its weight, contributing 1.4 % to annual real GDP
growth in 2011, but only 0.5 % in 2012, according to a recent Bank
of Canada report.
GDP
growth is quite pointless if significant, but unmeasured, costs are rising sufficiently fast that the
aggregate of visible and invisible costs exceed the almost certainly overstated benefits captured in the GDP statistic.
In
aggregate, the GDP measures the economic
growth and health
of the country.
Excluding China, for which we do not have comparable quarterly accounts, the region in
aggregate has recorded positive
growth since the September quarter
of last year (Graph 5).
For the third quarter, we're very pleased that in
aggregate, our business outside
of China produced 11 % core operating profit
growth ahead
of our expectations.
But we're able to hold the line on operating profit in China and with the strong performance
of our brands outside
of China, in
aggregate, we have line
of sight to at least 15 % core operating profit
growth for the full - year.
Note the recent slowing
of the
aggregate real wage measure at the end
of Figure 3, largely a function
of faster inflation
growth (the energy effect noted above) and some slowing
of job and (blue - collar) wage
growth.
We believe the drivers
of global
growth are shifting away from the U.S. to developing countries in
aggregate, but more specifically China.
Entire populations within currency zones can literally nuke themselves to the verge
of oblivion, and yet a portfolio that is maximally diversified in the investments
of that territory, will never experience a nominal decline, since the return
of such a portfolio is a function
of aggregate revenues, which by definition is on a fixed
growth path.
«Establishing a chronology
of recessions necessarily implies discarding periods
of slow or even negative
growth in
aggregate economic activity.
But we believe, that under any circumstances, you would agree that in the
aggregate, all these new categories taken together (along with those
of which we may be unaware) represent one
of the greatest
growth stories in corporate history, as well as one
of the greatest opportunities ever for a company to invest in itself by repurchasing its shares.
We determined that an increase in the
aggregate equity value consistent with a required rate
of return was appropriate considering our rapid
growth and developments since the date
of the Series G convertible preferred stock financing.
The following chart compares on a logarithmic scale monthly values
of $ 1.00 initial investments in
aggregated value and
growth at the end
of August 2001.
«When you begin to expect the
growth of a component factor to forever outpace that
of the
aggregate, you get into certain mathematical problems» Warren Buffett
In short, dividend reinvestment produces a substantial part
of overall equity market returns, and
aggregate dividend
growth is a strong indicator for overall market performance.
To
aggregate, we define monthly value return as the equally weighted average monthly return
of IWN, IWS and IWD and monthly
growth return as the equally weighted average monthly return
of IWO, IWP and IWF.
Growth in the broader money aggregates also picked up in the middle of the year, but has subsequently slowed, reflecting fluctuations in the growth of corporate holdings of certificates of de
Growth in the broader money
aggregates also picked up in the middle
of the year, but has subsequently slowed, reflecting fluctuations in the
growth of corporate holdings of certificates of de
growth of corporate holdings
of certificates
of deposit.
As such, this is a stock for younger investors who have time for the «
growth» in dividend
growth to manifest into a lot
of aggregate income and capital gain.
In
aggregate, the rise in share prices since the time
of the previous Statement has outstripped
growth in dividends and earnings.
Looking forward, even if we assume the unicorn
growth rate slows to 20 % per year over the next five years, there will be more than 350
of them, with an
aggregate market cap
of over $ 1 trillion dollars.
This suggests that the weakness in resource exports mainly reflects a lack
of growth in
aggregate supply capacity.
Aggregate corporate profitability remains at a high level, though the
growth of profits as recorded in the national accounts has eased during the past year.
Nevertheless, the
growth of credit to both the household and business sectors remains high, with
aggregate credit
growth still running at an annual rate
of 12 per cent over the six months to December 2004.
The private sector economists are surveyed for only a selective number
of aggregate economic and financial indicators: real gross domestic product (GDP)
growth; GDP inflation, nominal GDP;, the 3 - month treasury bill rate;, the 10 - year government bond rate;, the unemployment rate; the, consumer price index; the exchange rate (US cents / Cdn $); and finally, and U.S. real GDP
growth.
With 45 %
of the constituents
of the S&P 500 Index having reported Q3 earnings, the blended estimate for
aggregate year - over-year earnings
growth is 5.3 %.
Outside
of the mining sector, the general improvement in productivity
growth may have been in response to a range
of competitive pressures coming to bear during a period
of weak
growth of aggregate demand.
In the Greater Toronto Area (GTA), Ontario, in the fourth quarter
of 2016, the
aggregate price
of a home in the region rose 16.1 % to $ 720,761 year - on - year and, unlike Vancouver, are set to continue strong
growth throughout 2017, says Royal Le Page.
Stated differently,
of the $ 6.7 trillion in enterprise value added to the S&P 500 since 2013, we estimate $ 418 billion (6 %) is attributable to NOPAT
growth (at the 2013YE EV / NOPAT multiple
of 18.8 x), $ 1.2 trillion (18 %) is attributable to an increase in net debt, and $ 5.1 trillion (76 %) is attributable to the increase in the S&P 500's
aggregate EV / NOPAT multiple to 23.9 x currently (from 18.8 x at the end
of 2013).
Even if one
of these companies went bankrupt each year (something I find highly, highly unlikely), the earnings per share
growth from the other firms should, in
aggregate, still allow you to become richer than you were at the beginning
of the previous year.
The pace
of aggregate wage
growth picked up from 2003 until 2008.
The clients we currently advise on the buy - side have an average portfolio
of $ 1.1 B, and over $ 5.1 B in
aggregate AUM with an annual target allocation
of over $ 400M for
growth capital and buy - outs.
I think that we can expect that to continue in the absence
of any major policy change, so I think the Eurozone in
aggregate will continue to be a 2 %
growth economy.
Growth Capital Investors: The clients we currently advise under contract on the buy - side have an average portfolio
of $ 1.1 B, over $ 5.1 B in
aggregate AUM and well over $ 400M a year target allocation with this direct and co-investment focus:
In terms
of the actual economy in the Eurozone, in
aggregate, I think that the Eurozone is roughly a 1.5 %
growth economy, but again that's in
aggregate so it masks the big divisions between the core countries like Germany and the weaker countries like Greece and Portugal, and Italy as well.
The effect
of the drought can also be seen in farm output, which fell by around one - third over the year to the March quarter, subtracting 1.1 percentage points from
aggregate GDP
growth.
Another element not in the public understanding, since the Federal Reserve no longer produces this sort
of monetary analysis, is a very sharp slowdown in the money supply's rate
of growth, bank loans, and within important credit
aggregates.
Among the evidence that would shift our expectations in this regard would be: material equity market deterioration, further weakness in regional Fed and purchasing managers indices, a slowing in real personal income, a spike in new claims for unemployment toward the 340,000 level, an abrupt drop in consumer confidence about 10 - 20 points below its 12 - month average, and at least some amount
of slowing in employment
growth and
aggregate hours worked.
On the other side
of intermediaries» balance sheets,
growth in the broader monetary
aggregates has remained fairly strong in recent months, to be running at an annualised rate
of 11.8 per cent over the six months to June, slightly lower than
growth in total credit (Graph 60).
The February AWOTE increase suggests a pick - up in
aggregate wages
growth which, even allowing for a degree
of overstatement, brings annual wages
growth to a rate
of over 4 per cent.
To the extent that this is the case, it could be contributing to an overstatement
of aggregate wages
growth.
The expected recovery would contribute to
aggregate growth in 2003/04 by about 3/4
of a percentage point (Graph A1).
A significant acceleration
of aggregate wages in response to stronger economic
growth would directly curtail job creation.
Aggregate wages data, which encompass workers on award wages, enterprise agreements and other bargaining arrangements, suggest that the overall pace
of wages
growth has picked up recently.
Short - term fluctuations in the rate
of employment
growth have typically lagged behind those in
aggregate output (Graph 20).
Following a period
of weakness,
growth in the broader deposit - based
aggregates, M3 and broad money, has picked up in the past few months.
The annual figure represents a clear acceleration from a figure
of 3.9 per cent over the year to November 1996, and follows a period when this measure
of aggregate wages
growth had been fairly steady at around 4 per cent.
This
growth slowdown reflects both declining labour force
growth as baby boomers retire in large numbers and a reduced pace
of aggregate productivity
growth.