About: Eric Basmajian

Eric Basmajian

#1 Read Economics Contributor on Seeking Alpha

Eric Basmajian is a contributing analyst to FATRADER focusing on macro trends. Marrying a diverse background, with a degree in economics and experience at a quantitative hedge fund, Eric has developed a unique methodology to forecast major economic inflection points.

Eric started his career on the buy-side of the financial sector, as an analyst with Panorama Partners, a quantitative hedge fund specializing in algorithmically scanning for mispriced equity derivatives. Armed with a degree in economics from New York University and statistical knowledge from his hedge fund experience, Eric has developed a unique strategy for modeling economic trends. He provides macroeconomic research that spans three distinct time durations. With a focus on the 12-36 month growth rate cycle, the 6-10 year business cycle and the 10+ year secular forces that drive economies, Eric provides some of the most comprehensive coverage of macro trends available.

This strictly data-driven approach to economic analysis has allowed Eric to become the #1 read Economics contributor on Seeking Alpha.

Story Archive

The Industrial Slowdown Continues Into September

Industrial activity in the United States continued on a downward path through the end of August with industrial production growth falling to a 31-month low.
By Eric Basmajian

A Downshift In Employment Growth

The employment situation report for August confirmed that the US economy has downshifted, experiencing decelerating rates of growth, which has translated to a significant slowdown in labor market growth.
By Eric Basmajian

Yield Curve Inversions Deepen

As the inflation cycle downturn and the growth rate cycle downturn persist, with the Fed seemingly unwilling to guide towards a more aggressive rate-cutting path, yield curve inversions have intensified.
By Eric Basmajian

Employment Report: Under The Hood

The employment report released last Friday showed material weakness behind the headline addition of 164,000 jobs.
By Eric Basmajian

When Will Lower Mortgage Rates Lift The Housing Market?

Today's data on newly constructed single-family home sales was, on balance, weaker than expectations. Despite lower mortgage rates, the housing market is struggling to gain traction, decelerating on a trending basis across most categories including building permits, and new home sales to name a couple.
By Eric Basmajian

Building Permits Tumble In June - Are The Low Interest Rates Helping?

The housing starts and building permits report is one of my favorite data points on the housing market and can also be one of the earliest leading indicators in the economy.
By Eric Basmajian

Home Prices In "Correction" Territory?

Earlier today, two notable housing data points crossed the tape, namely the Case-Shiller Home Price Index "HPI" and the report on New Single-Family Home Sales "NHS". The national HPI reading showed home price growth decelerating yet again to a rate of 3.54% year over year.
By Eric Basmajian

Disinflationary Trend Remains Intact

The takeaway from the PPI report is that inflationary pressure from the cyclical areas of the report are not suggesting higher rates of inflation are an immediate concern but rather the risk to inflation is to the downside, despite the low unemployment rate.
By Eric Basmajian

Analyzing The Employment Report

The employment situation report was a disappointment relative to expectations but more importantly, showed a deceleration in year over year growth rate terms across many key metrics making this report an objectively weak report.
By Eric Basmajian

The Potential For A Negative Wealth Effect

The Case-Shiller home price index was updated this morning and showed that home prices on a national level rose 3.72% compared to the same month last year, the twelfth consecutive deceleration in price growth.
By Eric Basmajian

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