Tag: pension-tsunami

Diving Into the Revisions: Construction Spending Revised Lower 7 Consecutive Months! 2015 GDP Will Decline vs. Estimates: By How Much?
January 5, 2016 0

Diving Into the Revisions: Construction Spending Revised Lower 7 Consecutive Months! 2015 GDP Will Decline vs. Estimates: By How Much?

By News Desk

PCE declined by 0.13.  That’s a total of decline for those three components of 0.37 percentage points. Part of that decline was based not only on revisions, but also on a month-over month decline in November construction spending of 0.4 percentage points. If 3/4 of the decline in those components is due to construction spending, then I estimate third quarter GDP will be revised about .57 percentage points lower, second quarter .56 percentage points lower, and first quarter .21 percentage points higher

More Currency Intervention Madness: Sweden Draws Line in Sand with Euro
January 4, 2016 0

More Currency Intervention Madness: Sweden Draws Line in Sand with Euro

By News Desk

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.