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?
In the wake of an allegedly welcome increase in inflation, the market is starting to price in increasing odds of rate hikes not many, and not fast, but there are very noticeable changes.
Baker Hughes Rig Count Data shows the total U.S. rig count is 480, down by 9 in the last week. North American rig counts declined by 40 to 578. Canada accounts for 31 of the North American decline.
Wholesale inventories came in today at +0.3% compared to a Bloomberg Econoday Consensus Estimate of -0.1%.
The GDP forecast by the Atlanta Feds GDPNow Model remains at 2.2% following todays wholesale inventories report.
Natural gas prices have fallen to a 17-year low. The number of drillers that can remain profitable at these prices has also collapsed.
In contrast to the Markit US Services report which went into contraction for the first time since October 2013, the ISM Non-Manufacturing Services report is still in positive territory. However, the ISM employment index contracted for the first time since February 2014.
On Thursday, the BLS jobs report comes out. There are huge differences in the payroll estimates ranging from a low of 55,000 to a high of 217,000 by Econoday.
The word of the day is stagnation.
Chinas chief, Zhou Xiaochuan, is trying hard to dispel worries about Chinas economic strategy. However, Asian central bank heads have a string tendency to say one thing and do another.
The Illinois budget impasse has now spread to three universities struggling to pay bills.