December 16, 2015
Knowing the Unknowable; Reflections on the Fed Hike
View post: Knowing the Unknowable; Reflections on the Fed Hike
Hard hitting global and local news
Hard hitting global and local news
View post: Knowing the Unknowable; Reflections on the Fed Hike
Read More: Empire State Manufacturing Contracts Fifth Month, Employment and Workweek Worst Since 2009
Read the article: Fed Openly Discusses "Permanently High Balance Sheet"; Lie Finally Admitted
More: "War Games" Show Fed Worried About Commercial Real Estate, Interest Rates; Fed Weighs Consequences of "Macroprudential Tools"
More: Retail Sales Soft Again (Unless You Exclude Everything Weak); How to Uncover the Hidden Consumer Strength!
See original article: How to Uncover Hidden Economic Weakness!
1.078 This was the worst October for shipments since 2011 and the worst September since 2010. In addition, Every month this year except January and February were worse than the same month a year ago
Import/Export Price Deflation: Export Prices -0.6%, Double Consensus Estimate; Import Prices -0.4% Half Estimate; Net Negative for GDP Import/Export Price Deflation Import/export price deflation continues in November. The kicker this month is a decline in exports prices greater than the decline in import prices with agricultural products leading the way, down a steep 1.1%. The Bloomberg Econoday consensus estimate was for export prices to dip -0.3% and import prices to dip -0.8%
Wholesale Trade: Another Bad Report, Inventories Decline, Prior Month Revised Way Lower; Expect Negative Revisions to 3rd and 4th Quarter GDP; What About Autos? Economists missed the wholesale trade report numbers by a mile. The Econoday Consensus Estimate for today’s trade numbers was +0.2% in a range of 0.0% to 0.4%