Retail Sales vs. Consumer Confidence; Unwarranted Fed Faith in Wrong Surveys
January 26, 2016 0

Retail Sales vs. Consumer Confidence; Unwarranted Fed Faith in Wrong Surveys

By News Desk

Conference Board Consumer Survey The consumer conference board does a paper survey every month on consumer confidence. The board’s technical notes say (emphasis mine) "The targeted responding sample size – approximately 3,000 completed questionnaires – has remained essentially unchanged throughout the history of the CCI." I called up the board with a simple question: How many surveys do you send out to get 3,000 completed questionnaires

"Temporary" Capital Controls Coming to China?
January 26, 2016 0

"Temporary" Capital Controls Coming to China?

By News Desk

The Wall Street Journal hits the nail on the head with this headline: Yuan’s Fall Is Just ‘Noise’ Amid Deeper China Woes . When the financier George Soros attacked the British pound in 1992 and famously “broke the Bank of England†he was trading on a conviction that the currency was misaligned. Britain devalued after squandering its reserves in a vain defense.