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Continue reading here: Chinese Markets Halted in 14 Minutes 17 Seconds, Equities Plunge Another 7.32%
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Originally posted here: Showdown in Oregon: How to – and How Not to Fight Tyranny
View the original here: Factory Orders Decline Again, Previous Month Revised Lower
ISM a Leading Indicator of Jobs? Why 2016 Will Shock to the Downside! ISM a Leading Indicator of Jobs
Continued here: Former Dallas Fed Governor Richard Fisher Goes to Squawk Box Confessional: "We Frontloaded A Tremendous Market Rally"; Transcript…
More here: December US New Car Sales "Down, Exceptionally Weak" Says Bloomberg; WSJ Says Up and Strong
PCE declined by 0.13. That’s a total of decline for those three components of 0.37 percentage points. Part of that decline was based not only on revisions, but also on a month-over month decline in November construction spending of 0.4 percentage points. If 3/4 of the decline in those components is due to construction spending, then I estimate third quarter GDP will be revised about .57 percentage points lower, second quarter .56 percentage points lower, and first quarter .21 percentage points higher
Taken from: Government "Processing Error" Sinks Housing Reports for Entire Year; Where to From Here?