December 20, 2015
Why Does GDPNow Model Sometimes Move Counter to Economic Releases?
See original article: Why Does GDPNow Model Sometimes Move Counter to Economic Releases?
Hard hitting global and local news
Hard hitting global and local news
See original article: Why Does GDPNow Model Sometimes Move Counter to Economic Releases?
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Massive Collapse in Trucking Shipments Every Month Since June A chart of the DAT freight index posted on CCJ Indicators shows a huge, ongoing collapse in trucking shipments. " Spot freight falls 15 percent: The amount of freight available on the spot market fell 15 percent in November from October, DAT reported last week.
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
View post: Knowing the Unknowable; Reflections on the Fed Hike
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
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%