December 19, 2015
How Chicago "Works": Tax and Graft; Who Benefits?
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Hard hitting global and local news
Hard hitting global and local news
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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.
More: "War Games" Show Fed Worried About Commercial Real Estate, Interest Rates; Fed Weighs Consequences of "Macroprudential Tools"
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.
Federal Spending Per Full Time Workers and Related Charts Posted by Michael Shedlock at 2:57 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy
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%
BIS Points Finger at Yellen, Draghi: Warns About "Unthinkably" Low Interest Rates, Bond Market "Dislocations" In it latest quarterly report, the BIS (Bank of International Settlements), pointed a direct finger at Fed chair Janet Yellen with an even bigger point at ECB president Mario Draghi.
See more here: Monthly Macro Update November: Mish Video With Gordon Long
So Mario Draghi followed up with a new pledge ‘No limit’ to ECB Action to Hit Targets . The ECB pledged on Thursday to continue its €60bn-a-month bond buying quantitative easing plan until March 2017 and cut a key interest rate to a fresh record low of minus 0.3 per cent. But the measures disappointed investors that have come to rely on Mr Draghi to smash expectations, with a broad market sell-off after the ECB failed to deliver deeper cuts and an increase in the pace of QE.