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View article: Dallas Fed Region Activity Plunges to Lowest Reading Since 2009; Production Collapsed
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The Wall Street Journal reports European Commission Plans New Try at Redistributing Migrants . The European Commission is seeking a sort of automatic mechanism for redistributing asylum seekers across Europe, despite most governments showing little support for the idea.
Continue Reading: More Fed Confessionals; Funny Oil Videos; In Search of Bullard; Inflation Expectations
Empire State Manufacturing Index Posts Horrific -19.37, Lowest Reading Since April 2009 Economic data today was awful, at best. Retail Sales Were Negative , and that was arguably the best report. Let’s now take a look at the other reports starting with Empire State Manufacturing
Despite glowing reports of last minute Christmas sales, none of which I believed, December retail sales are best described as awful. Apparel was a standout, down 0.9%. The surprise here is that nobody blamed the weather.
Lies and More Lies: Another Look at Obama’s State of the Union Address Posted by Michael Shedlock at 7:05 PM 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
The LA Times reports Beer Merger will not bring Budweiser, Miller Under Same Roof . The world’s two biggest beer makers will join forces to create a company that produces almost a third of the world’s beer
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Continued here: China Declares War on Currency Speculators; Interbank Yuan Rates Spike to Record High 13.4%