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Read More: Illinois Too Big a Risk: GE Moves Corporate Headquarters to Boston, Bypassing Chicago Citing Litany of Issues
The consumer conference board says Consumer Confidence Index Improves in December .
Spectrum reports Uber Could Be First to Test Completely Driverless Cars in Public Uber CEO Travis Kalanick has made no secret about wanting robots to replace human drivers in his rideshare service—and now he’s found somewhere to develop them. Last month, the governor of Arizona, Doug Ducey, paved the way for the world’s first driverless taxis on public roads
Chinese capital flight is undoubtedly higher than the Wall Street Journal chart shows. For an explanation, please consider China Finds More Discreet Ways to Support the Yuan . Just because China is burning through its reported foreign-exchange reserves more slowly doesn’t mean it’s losing its commitment to support the yuan.
Continued here: Is the Oil Bottom In? Reflections on Value, Volume, Other Ideas
ISM a Leading Indicator of Jobs? Why 2016 Will Shock to the Downside! ISM a Leading Indicator of Jobs
PCE declined by 0.13. That’s a total of decline for those three components of 0.37 percentage points. Part of that decline was based not only on revisions, but also on a month-over month decline in November construction spending of 0.4 percentage points. If 3/4 of the decline in those components is due to construction spending, then I estimate third quarter GDP will be revised about .57 percentage points lower, second quarter .56 percentage points lower, and first quarter .21 percentage points higher
Visit link: Yuan Movements Highlight China’s Attempt to Halt 10th Month of Export Contraction; Major Currency War Coming Up?
Original post: Core Capital Spending Down 10 Consecutive Months; Soft Rebound in 2016?
Taken from: Chicago PMI Crashes, New Orders and Backlogs Plunge to May 2009 Level; Service Economy Headed for a Slowdown?