Hard hitting global and local news
Every month, the NY Fed conducts a survey of consumer expectations. The lead chart is from the Fed, I created…
The ECB would like you to believe the European banking system is sound and banks are better regulated. They aren’t.
The UK’s opposition Labour party Foreign Secretary says May will be gone by Christmas or this Spring at the latest.
Former Fed Chair Yellen promotes “Lower for Longer”, a policy in which the Fed knowingly keeps interest rates too low.
Despite talks with China, Trump instructs aids to place $200 billion in tariffs on China. Another $267 billion on deck.
Retail sales only rose 0.1% in Aug, but July was revised from +0.5% to +0.7%. Amazon impact stands out year-over-year.
Import prices fell 0.6%. Economists expected a 0.1% decline. Export prices fell 0.1%. Economists expected a 0.2% rise.
Hurricane Florence hit land at 7:15 a.m. EDT with maximum sustained winds around 90 mph. Catastrophic floods expected.
Real median earnings for men are down 5.73% since 1973. Median earnings for women are up 33.99%.
Australian homeowners are furious with the big banks for suddenly increasing their variable mortgage interest rates.