April 2, 2015
Construction Spending Unexpectedly Declines; Good News For Economists!
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Hard hitting global and local news
Hard hitting global and local news
More: Construction Spending Unexpectedly Declines; Good News For Economists!
Bloomberg reports Shanghai Traders Make Trillion-Yuan Stock Bet With Borrowed Cash . Shanghai traders now have more than 1 trillion yuan ($161 billion) of borrowed cash riding on the world’s highest-flying stock market.
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Economists Fail to Predict Weather Once Again: Chicago PMI Disappoints Chicago PMI Disappoints Economists expected a rebound in the Chicago PMI index this month following its collapse last month. Alas, once again the weather was much worse in Chicago than economists thought. The Bloomberg Consensus was for a rebound from last month’s dismal print of 45.8 back into positive territory of 50.2 "Companies sampled in the Chicago PMI report continue to report a lull in activity, at a sub-50 March index of 46.3 following 45.8 in February.
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View original post here: Wishful Thinking: "Strong Growth" to Propel Housing
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Please consider Eurozone can’t survive in current form, says PIMCO . The eurozone is "untenable" in its current form and cannot survive unless countries are prepared to cede sovereignty and become a "United States of Europe", the manager of the world’s biggest bond fund has warned
See the original article here: Wally Becomes Chief Economist for Dilbert, Predicts "Bubble in Monetary Policy"