January 16, 2016
ISIS: US-Saudi Plague Reaches Indonesia?
See more here: ISIS: US-Saudi Plague Reaches Indonesia?
Hard hitting global and local news
Hard hitting global and local news
See more here: ISIS: US-Saudi Plague Reaches Indonesia?
4th Quarter GDPNow Forecast Sinks to +0.6 Percent; Fed Futures Target 1 Hike in 2016; Disastrous Data Recap Posted by Michael Shedlock at 5:30 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s).
Continue Reading: More Fed Confessionals; Funny Oil Videos; In Search of Bullard; Inflation Expectations
Read the article: Manufacturing Inventories Decline But Inventory-to-Sales Ratio Doesn’t Budge; Another Recessionary Looking Chart
Link: Producer Prices Decline More Than Expected, Services Disappoint; Oil Approaches $29
See more here: Corporate Bond Rates Go Negative in Japan; No End to Central Bank Madness
See more here: Industrial Production Numbers and Revisions Shockingly Bad; Autos Have Peaked
Empire State Manufacturing Index Posts Horrific -19.37, Lowest Reading Since April 2009 Economic data today was awful, at best. Retail Sales Were Negative , and that was arguably the best report. Let’s now take a look at the other reports starting with Empire State Manufacturing
Despite glowing reports of last minute Christmas sales, none of which I believed, December retail sales are best described as awful. Apparel was a standout, down 0.9%. The surprise here is that nobody blamed the weather.
Read More: Illinois Too Big a Risk: GE Moves Corporate Headquarters to Boston, Bypassing Chicago Citing Litany of Issues