Voters are angry. Donald Trump, Marine Le Pen, Nigel Farage, UKIP, and the AfD party in Germany have all been accused of stirring up anger and hatred.
The third estimate of first quarter GDP came in at +1.1%, revised up from the second estimate of +0.8%.
The Markit Services PMI report shows service sector growth remains subdued in June. Data is from June 13 to 24.
In the wake of the Brexit vote, two issues regarding Scotland h
Inquiring minds may be interested in seeing how new home sales are reported and revised over time.
ECB rules say QE bond purchases must be weighted according to size of the economy. That means German bonds are the preferred issue.
Think recessions begin when GDP is negative? Think 2 quarters of negative growth are required to start a recession?
Industrial production continues to put on a spectacular show in a negative sense. The index of industrial production is down yet again, this time by 0.4 percent vs. a Bloomberg Econoday consensus estimate of -0.1 percent. A steep drop in autos led the way.
Retail sales put in a second good month today, rising 0.5% for the month vs. a Bloomberg Econoday Consensus estimate of 0.3%.
Every month the New York Fed conducts a Survey of Consumer Spending Expectations covering three broad categories: inflation, labor market and household finance.
The BLS JOLTS (Jobs Openings and Labor Turnover) report came out Wednesday.
I remember back in 1988 reading a story about how talk show host Phil Donahue purchased a house for the sole purpose of tearing it down and building a new one.
Wages are up and output per hour is down. Is this the magic mix for what ails the economy?
In the wake of amusing calls by various Fed presidents about impending rate hikes, Curve Watchers Anonymous has received numerous questions about the US treasury bull market.
The Markit U.S. Services PMI final data shows a weaker rise in service sector business activity in May.
According to the Wall Street Journal auto sales in April were down.
March construction spending was revised from from a prior reported 0.3% to 1.5%, but the good news stops there. April construction spending declined a whopping 1.8%, the most since January 2011.
US first quarter GDP was revised up 0.3 percentage points this morning to a seasonally adjusted annualized rate of 0.8 percent. The Bloomberg Econoday consensus was a bit more at 0.9% in a range of 0.5% to 1.1%.
This past week I was interviewed by James Stafford at Oilprice.com.
Whats the real populist risk: Donald Trump and Nigel Farage?