Hard hitting global and local news
Read more here: Flattening of the Yield Curve in Pictures; Is an Inversion Necessary to Signal a Recession?
Read this article: Manufacturing ISM Sinks to January 2009 Low; Don’t Count on Services or Housing to Save the Day
Bloomberg reports Sweden Seen Closer to Krona Intervention to Tame Exchange Rate . Some of Scandinavia’s biggest banks are warning investors not to underestimate the risk that the central bank is preparing to intervene in the currency market. Nordea and SEB both say the Riksbank won’t allow the krona to strengthen beyond 9 against the euro.
An article just came my way expressing that same viewpoint. It’s a New York Magazine Interview With Michael Burry, Real-Life Market Genius From The Big Short , head of Scion Asset Management
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View the original here: California Referendum Would Force Politicians to Wear Logos of Donors
View article: Millions of Foreign Visitors Overstay Visas: Precisely How many? No One Seems to Know; Does Obama Care?
Original post: Bunnies Can’t Statistically Prove. . .
I have a watchful eye on initial unemployment claims. They have been trending higher (unexpectedly of course) since mid-October. Initial Claims 2015 Econoday economists were surprised by the jump.