Tag: faith

Retail Sales vs. Consumer Confidence; Unwarranted Fed Faith in Wrong Surveys
January 26, 2016 0

Retail Sales vs. Consumer Confidence; Unwarranted Fed Faith in Wrong Surveys

By News Desk

Conference Board Consumer Survey The consumer conference board does a paper survey every month on consumer confidence. The board’s technical notes say (emphasis mine) "The targeted responding sample size – approximately 3,000 completed questionnaires – has remained essentially unchanged throughout the history of the CCI." I called up the board with a simple question: How many surveys do you send out to get 3,000 completed questionnaires

Australia Coming Apart at the Seams
February 4, 2015 0

Australia Coming Apart at the Seams

By News Desk

On February 3, the Wall Street Journal reported Australia Cuts Interest Rates to Record Low . Australia cut its benchmark interest rate to a record low of 2.25% Tuesday, joining a procession of central banks that have eased policy settings this year in response to the deflationary impact of tumbling oil prices.

China Faces "Minsky Moment" on Ponzi Financing
March 21, 2014 0

China Faces "Minsky Moment" on Ponzi Financing

By News Desk

Please consider Morgan Stanley: China’s Minsky Moment is Here . [Mish Note:] The prelude to the report on MacroBusiness Australia is interesting in and of itself: " From Morgan Stanley comes the latest must read bearish China report.