On Thursday the Census Department released its first Advance Economic Indicators Report. The new report adds wholesale and retail inventories to its existing International Trade in Goods report.
This afternoon Fed chair Janet Yellen will be mindlessly yapping about things like uncertainty but also about the strengthening economy. Meanwhile, todays durable goods report should give her something to think about.
New Home sales rose to a Seasonally Adjusted Annualized Rate (SAAR) of 592,000 vs. a Bloomberg Econoday consensus estimate of 562,000.
What is Helicopter money? Can the Fed or ECB just drop money from the sky?
Last week the ECB reported that its balance sheet Expanded by 11.26 billion to 3.249 trillion.
Truck shipments were up in June from May. So were expenditures.
In a recent GMO commentary on Immigration and Brexit, founder Jeremy Grantham laid out precise reasons why Brexit was a mathematical certainty eventually.
Irelands GDP is up a stunning 26% this year via the ridiculous way GDP is measured.
The divergence between the ISM non-manufacturing report and the PMI services report widened considerably today.
Ole Hansen, head of commodity strategy for Saxo Bank says Chinese day traders are whats behind the limit move up on silver, Monday.
Italian bank shares are down 56% this year.
Despite the hoopla about the strongest first half in history, domestic auto sales have generally been heading south since September 2015.
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.