January 21, 2016
Parade of Weakness: Housing Starts and Permits Slump in December
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Hard hitting global and local news
Hard hitting global and local news
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This revelation came from the Asian Financial Forum held in Hong Kong where Bernanke Downplayed China Impact on World Economy .
View article: Mexico Central Bank Warns of "Potentially Severe Shock" Caused by Credit Crunch, Seeks Emerging Market "Buyer of Last…
See original article: What to say. Bob Carter, 1942-2016.
Tweet Piers Sellers has written about his terminal cancer and how he is dealing with it.
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.
See original article: Weekend Entertainment Courtesy of Jim Cramer: "How I Knew to Buy Before the Big Rebound"
Read the article: Manufacturing Inventories Decline But Inventory-to-Sales Ratio Doesn’t Budge; Another Recessionary Looking Chart
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.