Economists expected manufacturing activity in the Richmond Fed region would bounce into positive territory this month.
The manhunt continues in Belgium and other parts of Europe for one of the planners of the Paris terror attacks. This would be a great time to zero in on economic woes in Europe that not only persist, but also have opened the door to terror. In many ways, we could say that the welfare state replaced not only traditional capitalism, but it also allowed and encouraged the entire continent to forego population growth.
The bond futures market recently was pricing in a 70% chance of a Fed rate hike at the upcoming December Federal Open Market Committee (FOMC) meeting. That was before the bottom fell out again in the oil sector, China PMI came in down for the 44th straight month and the retail space was hit with a wrecking ball after Macys and Nordstrom gave bearish outlooks for the holiday shopping season.
Although we have about five weeks left in 2015, its never too early to start thinking about what is on the horizon for next year.
Last Thanksgiving, we presented a chart featuring a spurious correlation between the average live weight of U.S. farm raised turkeys and the MSCI World Stock Market Index, in which we showed how U.S. turkeys predict global stock market crashes. Here's what we wrote at the time....
The growing public pension funding crisis facing most of our cities and states leaves the important decision-making constituencies elected officials, fund managers, and union representatives - in the precarious position of we have to do something, but what?
Dear Dave, How do you have a wedding without debt?
Home prices are nearly back to where they were before the crash. In some places, home prices are above where they were at the peak of the national boom.