December 17, 2015
Philly Fed Back in Contraction, Index Below Any Economist’s Guess
Link: Philly Fed Back in Contraction, Index Below Any Economist’s Guess
Hard hitting global and local news
Hard hitting global and local news
Link: Philly Fed Back in Contraction, Index Below Any Economist’s Guess
Paradigm Change: Saxo Bank’s Ten Outrageous Predictions for 2016: Slide Show Every year, Saxo Bank CIO and chief economist Steen Jakobsen comes up with a selection of " outrageous " predictions for the new year. Note: This is not the official Saxo forecast, but I do believe many of the ideas below are in-line with their general direction on things. The predictions are not all that outrageous
Read More: Empire State Manufacturing Contracts Fifth Month, Employment and Workweek Worst Since 2009
More: "War Games" Show Fed Worried About Commercial Real Estate, Interest Rates; Fed Weighs Consequences of "Macroprudential Tools"
Housing wire presents an interesting timeline of Ally’s actions in Ally Financial Getting Back Into Mortgage Business . GMAC’s ResCap was once of the nation’s top subprime lenders, but eventually GMAC and ResCap began dragging down Ally’s business, with ResCap eventually falling into bankruptcy.
More: Stocks More Overvalued Now Than 2000 and 2007 No Matter How You Look at Things
Federal Spending Per Full Time Workers and Related Charts Posted by Michael Shedlock at 2:57 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy
1.078 This was the worst October for shipments since 2011 and the worst September since 2010. In addition, Every month this year except January and February were worse than the same month a year ago
Import/Export Price Deflation: Export Prices -0.6%, Double Consensus Estimate; Import Prices -0.4% Half Estimate; Net Negative for GDP Import/Export Price Deflation Import/export price deflation continues in November. The kicker this month is a decline in exports prices greater than the decline in import prices with agricultural products leading the way, down a steep 1.1%. The Bloomberg Econoday consensus estimate was for export prices to dip -0.3% and import prices to dip -0.8%
Wholesale Trade: Another Bad Report, Inventories Decline, Prior Month Revised Way Lower; Expect Negative Revisions to 3rd and 4th Quarter GDP; What About Autos? Economists missed the wholesale trade report numbers by a mile. The Econoday Consensus Estimate for today’s trade numbers was +0.2% in a range of 0.0% to 0.4%