There was a slew of economic reports out today, and despite the fact that on the surface the reports seemed mildly positive for GDP, the GDPNow Model sees things otherwise.
With the exception of emerging market countries in trouble like Brazil and Russia, and complete hyperinflation basket cases like Venezuela, can anyone name a central bank that genuinely wants a stronger currency?
The word of the day is stagnation.
In Thursdays FOMC statement, the Fed made some useless noise about closely monitoring inflation.
Those who thought the situation in Greece was solved after prime minister Alexis Tsipras suddenly caved in to creditors demands need think again.
New home sales fell in March for the third consecutive month. Sales in the first quarter are up just 1.3% from the same quarter in 2015.
Its rather amusing that Japan cannot destroy its currency even though it has tried, and tried and tried.
Since 1st quarter of 2014, Ubers percentage of ground transportation business booked on Certify, the second-largest provider of expense software in North America, has soared from under 10% to 43%.
Existing home sales bounced 5.1% from Februarys steep decline of 7.3%, originally reported as -7.1%.
The Atlanta Fed GDPNow Forecast remained at +0.3% following recent economic reports.
The Cass Freight Index, a Measure of North American Freight Volumes is up for the month of March but down once again on a year-over-year basis.
Flation remains one of the key debates of the day.
In the wake of dismal retail sales numbers for March and inventories for February, the Atlanta Fed GDPNow Forecast rose to 0.2 percentage points to +0.3%.
Italian banks have 360 Billion in non-performing loans. They have another Thanks to 180 Billion or so in troubled loans that are late just some of the time.
There will not be a recession any time soon. I can cite ten reasons why.
Wholesale inventories plunged 5% in the Census Bureau Wholesale Trade Report for February, released Friday.
Those betting against Goldman Sachs retail investment advice have generally been on the right side of things.
Heres the interesting set of questions from the Mish Mailbag summarized as follows: How Accurate and at What Cost is BLS Data? Why isnt there a private industry alternative?
Following another set of weak economic reports, the Atlanta Fed GDPNow Modelfor first quarter US GDP sank 0.3 percentage points to 0.4%.
Factory orders dove 1.7% in February as reported today by the US Census Bureau.