As Draghi Hints at More QE, German Bond Yields Hit Record Low Negative Yields; Economic Madness
October 22, 2015 0

As Draghi Hints at More QE, German Bond Yields Hit Record Low Negative Yields; Economic Madness

By News Desk

Those expecting more monetary madness were rewarded today when the ECB Opens the Door to December Stimulus as expected. The European Central Bank signalled it would expand its €1.1tn quantitative easing programme in December and cut its deposit rate should the slowdown in emerging markets threaten the eurozone’s economic recovery. The euro plunged 1.67 per cent against the dollar to $1.116 after Mario Draghi, the ECB’s president, said policymakers’ measures would need to be “re-examined†in December

October 22, 2015 0

Existing Home Sales Up 4.7% Following Last Month’s 5% Decline; Home Price Weakness

By News Desk

Existing Home Sales Up 4.7% Following Last Month’s 5% Decline; Home Price Weakness Existing home sales bounced this month, coming in just above the high end of Econoday Economists’ Estimates . Existing home sales bounced back very strongly in September, up 4.7 percent to nearly reverse the prior month’s revised decline of 5.0 percent, a decline that now looks like an outlier. The month’s annual sales rate, at 5.55 million, is just beyond Econoday’s top-end forecast and the second best reading of the recovery.

Weak Holiday Hiring Coming Up?
October 20, 2015 0

Weak Holiday Hiring Coming Up?

By News Desk

One relative bright spot is Amazon Hiring More than Penney’s, Walmart Combined . Leaving one widely watched holiday hiring forecast in the dust, Amazon (AMZN) said Tuesday that it will add 25 percent more seasonal workers this year, outpacing many of its bricks-and-mortar competitors who plan to keep hiring flat.

Housing Starts Surprise to Upside Led by Multi-Family, Permits Surprise to Downside
October 20, 2015 0

Housing Starts Surprise to Upside Led by Multi-Family, Permits Surprise to Downside

By News Desk

Housing Starts Surprise to Upside Led by Multi-Family, Permits Surprise to Downside There’s something for bulls and bears alike to cheer about in today’s housing starts report. Starts were ever-so-slightly above the top Econoday Estimate but permits were well below the lowest economist’s estimate. Starts, driven by a spike in multi-family units, came in much stronger than expected in September, news offset however by a significant decline in permits.