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CNBC recently reported that home construction weakened in March even as sentiment among builders remained high, but what’s more interesting is a quote from a Goldman Sachs report further...
European equity markets are expected to open a little higher on Tuesday as traders look toward the CPI data from the U.K. and the U.S. for signs that inflationary pressures are actually...
What if the FOMC and the wider Federal Reserve apparatus had heeded Greenspan’s uncertainty? There is grave danger in wandering too far into counterfactuals, but there is some value, I think, in...
Beggars Can Be ChoosyProving once and for all this refugee crisis is for economic reasons first and foremost, not political asylum, Greek refugees assigned to poor countries like Bulgaria and Romania...
You are about to see a chart that is undeniable evidence that we have already entered a major economic slowdown. In the “real economy”, stuff is bought and sold and shipped around the...
Geography charts the financial destiny of households, at least in terms of housing. Everyone who follows the statistics of rising income and wealth inequality knows we're becoming a nation of haves...
U.S. Worker Productivity Hasn’t Been This Bad Since 1993” ~ Bloomberg, May 4, 2016I encourage you to view the link to the Bloomberg article above. This point of view is typical of the...
Into the RBA Minutes: The big ticket item on the Asian Session calendar today is of course the release of the RBA Monetary Policy Meeting minutes from this month’s meeting.The May meeting which...
We recently wrote an article that warned investors of profiteers masquerading as activists. Many prominent “activist” investors are not always what they pretend to be and do not have the...
Economists are projecting growth for the monthly comparisons in tomorrow’s April updates on residential housing construction and industrial output in the US. But while the consensus forecasts...
The National Association of Home Builders (NAHB) Housing Market Index (HMI) is a gauge of builder opinion on the relative level of current and future single-family home sales. It is a diffusion index,...
Monday morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions at -9.0 (-9.02 to two decimals) shows a significant drop from last month's 9.56,...
Sweet Authoritative NothingsThere is a mysterious figure making regular appearances in China’s government mouthpiece “People’s Daily”, which simply goes by the name...
What Can We Learn From Last Three Years?The chart of the NYSE Composite Stock Index below shows equities have been indecisive since the second half of 2013. The lack of sustained progress in either...
As we begin to wrap up the 2nd quarter of the year, I thought it was time to revisit the economy as the backdrop against expectations for stronger economic growth, rising inflationary pressures and an...