Hard hitting global and local news
Only 0.2 percentage points separate the GDPNow and Nowcast estimates for the 2nd quarter. But what about inventories?
Early elections in the UK are a given. How early? Before the end of the year, perhaps immediately.
Labour leader Jeremy Corbyn is reeling from an ad by members of his own party accusing him of being anti-Jewish.
Peter Schiff predicts stagflation. I suggest another round of deflation is on the way and challenge him to a debate.
The ECB is wondering if it can produce more inflation if it has higher targets. The notion is complete silliness.
Over the past few weeks the 10-yr to 3-month inversion shank. That portion of the curve is no longer inverted.…
The odds of a 50 basis point rate cut on July 31 topped the 70% mark in the wake of…
The Conference Board’s LEI index turned negative in June. The yield curve finally made a negative contribution.
The widely discussed “everything bubble” is, in reality, a corporate junk bond bubble on steroids sponsored by the Fed.
Today’s new residential construction report spotlights a housing sector that is slowly rolling over.