December 17, 2015
Philly Fed Back in Contraction, Index Below Any Economist’s Guess
Link: Philly Fed Back in Contraction, Index Below Any Economist’s Guess
Hard hitting global and local news
Hard hitting global and local news
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
View post: Knowing the Unknowable; Reflections on the Fed Hike
More: "War Games" Show Fed Worried About Commercial Real Estate, Interest Rates; Fed Weighs Consequences of "Macroprudential Tools"
More: Stocks More Overvalued Now Than 2000 and 2007 No Matter How You Look at Things
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%
Yesterday, I received an email from Sal Khan, founder of the Khan Academy .
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