Hard hitting global and local news
ECB president Mario Draghi’s announcement today regarding more QE fell far short of the sky-high expectations of market participants. Draghi Recap ECB would continue its €60bn-a-month bond buying program for another 6 months until March 2017 “or beyondâ€
See the article here: Obama: "California Shooting Could be Terrorism"; Massive Weapons Arsenal Found; Suspects Radicalized in Trip to Pakistan
Follow this link: Dollar Surges, Bonds Sink as ECB’s Rate Cut to -0.3% and Pledge of More QE Until March…
Link: Yellen Yap: Dollar Briefly Takes Out March High, Surging to Level Last Seen March 2003; For What It’s Worth
US News reports US Construction Spending Jumps to 8-Year High, Lifted by Home Building, Federal Government .
Visit site: Chicago PMI Contracts Again, 6th Time in 10 Months; Service Economy Poised for a Big Slowdown?
The Guardian reports, John McCain and Lindsey Graham call for 20,000 troops in Syria and Iraq . Two senior senators called on Sunday for Washington to nearly triple military force levels in Iraq to 10,000 and send an equal number of troops to Syria as part of a multinational ground force to counter Islamic State in both countries. McCain, chairman of the Senate armed services committee, recently proposed intervention in Syria by a European and Arab ground force backed by 10,000 US military advisers and trainers.
Taken from: Majority in UK Now Favor Brexit; Cameron’s Quandary
On the Verge of Consumer Exhaustion Fourth Quarter GDPNow Forecast Sinks to 1.8% Following today’s personal income report in which consumer spending rose only 0.1% month-over-month, the Atlanta Fed GDPNow Forecast for fourth quarter declined by 0.5 percent to 1.8 percent. " The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2015 is 1.8 percent on November 25, down from 2.3 percent on November 18. The forecast for the fourth-quarter rate of real consumer spending declined from 3.1 percent to 2.2 percent after this morning’s personal income and outlays release from the U.S.
