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More here: Alternative ISM for Metalworking, Plastics, Composites Suggests Economic Contraction
View the original here: Real Median Earnings for Men at 1971 Level, Women at 2001 Level; Household Income at 1996…
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Read More: Retail Sales Rise Thanks to Autos; Industrial Production Sinks Thanks to Autos; Last Hurrah for Autos?
Original post: Shocking Weakness in Empire State Manufacturing Report
See the original article here: Tsipras and Meimarakis Debate; Hung Parliament or Coalition Likely; El Dorado Gold Connection; Does it…
View article: Raging California Wildfires Force Evacuations; Governor Brown Declares State of Emergency
In a big understatement of Illinois’ problem, a Crain’s Chicago headline reads Illinois IOUs Growing Fast, Could Pass $8.5 Billion by Yearend .
0.035 Baby Steps Plotted Fed fund futures imply a very slow tightening of 3-6 basis points a month. The only exception is January to February of 2017 where the incremental rise is 8 basis points (0.080 percentage points). The Fed does not set policy every month.
View article: Cross-Border Deflation: US Export Prices Collapse Most Since July 2009; How Damaging is Price Deflation?