Hard hitting global and local news
Error Over Quota This application is temporarily over its serving quota. Please try again later
"Blue Chip" Optimism The Atlanta Fed initial GDPNow Forecast for first quarter 2016 starts off with an anemic 1.2% whimper. "The initial GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2016 is 1.2 percent on February 1. " First Quarter 2016 GDPNow Forecast The Atlanta Fed "Final" GDPNow Estimate for the 4th Quarter was posted on January 28
Excerpt from: Poll Shows Nearly 40% of Germans Want Merkel to Resign
Error Over Quota This application is temporarily over its serving quota. Please try again later.
Today we learn Bank of Japan Adopts Negative Interest Rates .
"Levels Not Seen in 80 Years" The supply glut in oil storage continues as crude.
Conference Board Consumer Survey The consumer conference board does a paper survey every month on consumer confidence. The board’s technical notes say (emphasis mine) "The targeted responding sample size – approximately 3,000 completed questionnaires – has remained essentially unchanged throughout the history of the CCI." I called up the board with a simple question: How many surveys do you send out to get 3,000 completed questionnaires
The Wall Street Journal hits the nail on the head with this headline: Yuan’s Fall Is Just ‘Noise’ Amid Deeper China Woes . When the financier George Soros attacked the British pound in 1992 and famously “broke the Bank of England†he was trading on a conviction that the currency was misaligned. Britain devalued after squandering its reserves in a vain defense.
View article: Dallas Fed Region Activity Plunges to Lowest Reading Since 2009; Production Collapsed
More: Debunking the Myth "Consumer Spending is 67% of GDP"