4th Quarter GDP On High End of Expectations at 2.6%
The BEA combined the advance and second estimate into an “initial” report. Some data items were missing.
Hard hitting global and local news
The BEA combined the advance and second estimate into an “initial” report. Some data items were missing.
In December, goods exports fell $4 billion while imports rose $5 billion. Year-over-Year exports are now negative.
Wholesale inventories rose 1.1 percent in December. Retail inventories rose 0.9%.
Factory orders rose 0.1% in December following two months of decline. Economists expected a 0.6% rise.
The yield curve is inverted in 11 different spots. The latest is 5-year to 3-month inversion.
Housing starts gave back all of their 3.2 percent increase in November and then some.
US Mainstream media is gaga this evening over a desperate Brexit bluff by UK Labor Leader Jeremy Corbyn.
A think-tank led by a former Congressional Budget Office director has come up with a price of the New Green…
Every year, analysts inspect Buffett’s annual letter looking for successor hints. This year they found a blast of Trump.
Point2Homes notes 23 US cities had 40% or more home price appreciation in 5 yrs. I compare to Case-Shiller 20…