“The real problem isn’t what the Fed may do, but the ultimately unavoidable consequences of what the Fed has already done. The cost of reckless Fed-induced yield seeking will likely be felt first in the financial markets as previous paper
September 15, 2015
World markets were mixed today. The Shanghai Composite continued its roller-coaster bear market selloff with a -3.52% decline while the Euro STOXX 50 rose 1.01% and the FTSE was not far behind at 0.87%. The S&P 500 followed the European
Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) shows unadjusted sales slumped compared to the previous month – but there was only a slight degradation of the rolling averages. With inflation adjustments, business sales are in
U.S stocks have been extremely shaky lately and with Federal Reserve uncertainty hanging over the market, the near term may continue to be rocky. Add in emerging market worries, general China concerns, and lackluster wage growth, and we could be
Should the Fed raise the base interest rate? They really shouldn’t at this point. Will they? They probably will because they still see years of growth. I do not see years of growth ahead… Let me explain. Almost one year
I need to scoot right now, so I’ll do a longer post later, but I wanted to say I am watching the gap below on the MDY with great interest. The “big day” Thursday is going to answer a lot of questions
The Empire State Manufacturing number this morning was a shockingly low miss on estimates. No surprise to anyone who is looking at the real economy without the rose coloured glasses of bias. There are plenty of poorly paying jobs without
An interesting divergence in auto production and sales came out in separate reports today. Let’s start with sales. Retail Sales Rise Thanks to Autos The Bloomberg Economic Consensus for Retail Sales was for 0.3% growth. Actual growth came it at 0.2%, nonetheless
A Grand Canyon of supply deficit is opening up in the uranium markets, with 66 nuclear reactors under construction globally and more restarting in Japan. As Russia and China shore up their supply chains in Kazakhstan and elsewhere, the rest
Well that escalated quickly… WTI back to a $43 handle again as The White House comments that it does not support The House bill to lift a ban on crude exports. Reuters reports that The White House says The Commerce Department
