August 27, 2015
Second Quarter GDP Revised Up, as Expected, Led by Autos, Housing
Link: Second Quarter GDP Revised Up, as Expected, Led by Autos, Housing
Hard hitting global and local news
Hard hitting global and local news
Link: Second Quarter GDP Revised Up, as Expected, Led by Autos, Housing
Durable goods orders this morning leapfrogged all economic estimates (see Durable Goods Orders Surprise to Upside, Led by Autos ). Yet the GDPNow Forecast only rose by .01%
More: Economic and Social Tipping Points: Have We Arrived?
Taken from: Another Wild Ride; Stocks Collapse Into Close; Dip Buyers Hammered; Overhead Supply
Regional Manufacturing Expectations From Mars Last month, economists were excited when the Richmond Fed Manufacturing index unexpectedly rose from 6 to 13. The excitement lasted one month.
Today’s action was not pretty, unless you were a bear. Here are a few charts to consider
Bloomberg reports Panic Grips Emerging-Market VIX in Biggest Jump on Record The rout in markets from China to South Africa triggered a record jump in a gauge of options prices on developing-nation stocks as investors purchased contracts to protect against future declines. The benchmark — called the CBOE Emerging Markets ETF Volatility Index — more than tripled as trading began at 9:30 a.m
Please consider How US Sugar Policies Just Helped America Lose 600 Jobs .
Read More: Huge Glut in European Dairy Cows and Milk Coming Up
Instead, and as widely expected, Alexis Tsipras to ‘Step Down and Call Snap Elections’ . The Greek prime minister, Alexis Tsipras, has decided to step down and call snap elections for 20 September, government officials said