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.
How many P/E ratios are there? Let me count the ways.
Despite overwhelming fears of deflation in Japan by economists, by the Bank of Japan, and by prime minister Shinz Abe, all of the preceding forgot to get the opinion of consumers.
Those trumping up the notion consumer spending would pick up in the first quarter were in for a surprise today.
The Wall Street Journal uses the term gig meaning an alternative work arrangement job.
Japans dysfunctional bond market is not only inverted between three month and eight years, it also sports negative yields out to 10 years.
Following last months dismal showing, new home sales rebounded pretty much in-line with estimates, with the Western region leading the way.
When Atlanta Fed president Dennis Lockhart spoke yesterday of momentum, did he have advance notice of the Richmond Fed manufacturing data released Tuesday?
Former Fed Chairman Alan Greenspan spoke with Tom Keene and Mike McKee for Bloomberg TV & Radio. He discussed the ramifications of negative interest rates, entitlement spending, and declining productivity.
Axel Merk, President & CIO, Merk Investments LLC, pinged me on March 16 with his thoughts regarding Peak Dollar.
On Tuesday, the Empire State manufacturing region returned to positive territory following seven months of contraction.
Turning our focus back to the economy, there is no conceivable way the Fed will hike later today. The CPI is down, as is industrial production, and consumer spending.
In response to Financial Wonderland: Reader Questions on Negative Rates and Money Heaven, several readers asked Why do banks park funds at the ECB for negative returns instead if simply keeping cash?