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.
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.
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.