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More here: December US New Car Sales "Down, Exceptionally Weak" Says Bloomberg; WSJ Says Up and Strong
PCE declined by 0.13. That’s a total of decline for those three components of 0.37 percentage points. Part of that decline was based not only on revisions, but also on a month-over month decline in November construction spending of 0.4 percentage points. If 3/4 of the decline in those components is due to construction spending, then I estimate third quarter GDP will be revised about .57 percentage points lower, second quarter .56 percentage points lower, and first quarter .21 percentage points higher
Taken from: Government "Processing Error" Sinks Housing Reports for Entire Year; Where to From Here?
Read more here: Flattening of the Yield Curve in Pictures; Is an Inversion Necessary to Signal a Recession?
Read this article: Manufacturing ISM Sinks to January 2009 Low; Don’t Count on Services or Housing to Save the Day
Amnesty International’s report, " Saudi Arabia: Appalling death sentence against Shi’a cleric must be quashed ," would claim: Evidence for all the other charges he was convicted of came from religious sermons and interviews attributed to the cleric. Amnesty International’s review of these texts confirms that he was exercising his right to free expression and was not inciting violence
Visit link: Yuan Movements Highlight China’s Attempt to Halt 10th Month of Export Contraction; Major Currency War Coming Up?
Bloomberg reports Sweden Seen Closer to Krona Intervention to Tame Exchange Rate . Some of Scandinavia’s biggest banks are warning investors not to underestimate the risk that the central bank is preparing to intervene in the currency market. Nordea and SEB both say the Riksbank won’t allow the krona to strengthen beyond 9 against the euro.
Original post: Core Capital Spending Down 10 Consecutive Months; Soft Rebound in 2016?