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See original article: Why Does GDPNow Model Sometimes Move Counter to Economic Releases?
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Visit site: Yield Curve and Spreads: Fed’s Real Policy Error in Pictures; What’s Next?
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.
Meanwhile my main theme for Q3 and Q4 of this year – the price of capital rising continues – I don’t need to remind you but it has been carnage. Tactical I leave 2015 risk wise very light on positions – my price signals are not flashing yet, and the only positions I will want to own are upside in crude (WTI), Gold/Silver, and a weaker US$
Link: Philly Fed Back in Contraction, Index Below Any Economist’s Guess
View post: Knowing the Unknowable; Reflections on the Fed Hike
Read More: Empire State Manufacturing Contracts Fifth Month, Employment and Workweek Worst Since 2009
Read the article: Fed Openly Discusses "Permanently High Balance Sheet"; Lie Finally Admitted