Author: Mish

Real GDP at 2.1% topped the consensus estimate of 1.9%, the GDPNow forecast of 1.3, and Nowcast at 1.5% (revised…

GDPNow forecasts an inventory adjustment of -1.09 percentage points this quarter. What’s going on?

Labour leader Jeremy Corbyn set himself up for a huge takedown today. Johnson smacked one out of the park.

The GDPNow and Nowcast forecasts are in alignment but the details and implications are not the same.

Durable goods orders rose 2.0% in June from a revised 2.3% decline in May.

Economists expected a bit stronger inventory report heading into tomorrow’s GDP report.

The US, Japan, Germany, and the Eurozone manufacturing PMIs are in contraction. Recessions will follow.

For the first time ever, Greek 10-year bond yields dipped below 2%.

Boris Johnson makes sweeping cabinet changes. Half are gone, more coming. He reiterates his promise to deliver Brexit.

New home sales rose 7% but the total fell far short of expectations because of revisions.