May 19, 2015
Another Perspective on Today’s Strong Housing Numbers
More: Another Perspective on Today’s Strong Housing Numbers
Hard hitting global and local news
Hard hitting global and local news
More: Another Perspective on Today’s Strong Housing Numbers
Home Builders Optimistic Despite Decline in Traffic; Housing Market Index Declines The National Association of Home Builders’ Housing Market Index once again reveals positive builder sentiment even though new home sales are weak. The HMI is Derived from a monthly survey that NAHB has been conducting for 30 years
View article: Why Are Economists’ Predictions So Damn Awful?
The Financial Times discusses the situation in Tsipras Letter Reveals Precariousness of Greece’s Finances . Greece came so close to defaulting on last week’s €750m International Monetary Fund repayment that the prime minister warned IMF chief Christine Lagarde he could not pay it without EU aid
Continue reading here: Consumer Confidence Plunges Below Any Economist’s Estimate; Consumers Shock Economists
Industrial Production, Down 5th Month, Weaker Than Economist Expectations Industrial production came in at -0.3%, down for the fifth consecutive month below the Bloomberg Consensus Estimate . Industrial production is stalling, down 0.3 percent in April for a 5th straight monthly contraction. Factories are cutting back with capacity utilization down 4 tenths to 78.2 percent
Original post: Steel Consumption in China Declines First Time in Three Decades; Painful Rebalancing
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See the original post: Moody’s Cuts Chicago Bond Rating to Junk; City Faces $2.2 Billion in Various Termination Fees; Irresponsible…
Continue Reading: Greece Empties IMF Reserve Account to Pay IMF; Liquidity "Terribly Urgent" Says Finance Minister