Hard hitting global and local news
Massive Collapse in Trucking Shipments Every Month Since June A chart of the DAT freight index posted on CCJ Indicators shows a huge, ongoing collapse in trucking shipments. " Spot freight falls 15 percent: The amount of freight available on the spot market fell 15 percent in November from October, DAT reported last week.
Meanwhile my main theme for Q3 and Q4 of this year – the price of capital rising continues – I don’t need to remind you but it has been carnage. Tactical I leave 2015 risk wise very light on positions – my price signals are not flashing yet, and the only positions I will want to own are upside in crude (WTI), Gold/Silver, and a weaker US$
Link: Philly Fed Back in Contraction, Index Below Any Economist’s Guess
Paradigm Change: Saxo Bank’s Ten Outrageous Predictions for 2016: Slide Show Every year, Saxo Bank CIO and chief economist Steen Jakobsen comes up with a selection of " outrageous " predictions for the new year. Note: This is not the official Saxo forecast, but I do believe many of the ideas below are in-line with their general direction on things. The predictions are not all that outrageous
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
Housing wire presents an interesting timeline of Ally’s actions in Ally Financial Getting Back Into Mortgage Business . GMAC’s ResCap was once of the nation’s top subprime lenders, but eventually GMAC and ResCap began dragging down Ally’s business, with ResCap eventually falling into bankruptcy.
The Canadian dollar, affectionately known as the loonie because of a loon on the one dollar coin, has crashed vs. the US dollar. US Dollar vs
This was a Historic Result for the National Front but it does need follow-through next week. France’s far-right National Front party appeared on course for a historic victory in the first round of regional elections on Sunday, winning more than 30 per cent of the vote and delivering a stunning blow to the country’s traditional parties.