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Aug 14, 2014
I am now also emailing my posts directly to my PMC donors at the same time they are emailed for posting on this website. If you wish to be on the list, please make a donation here.
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Employment revision, US pmi, KC Fed, Archetecture index, German PMI, Australia PMI, Trump comments
Economic Releases
Aug 22, 2019
Employment growth has been revised substantially lower. Note that one of the inputs used for estimating monthly employment is data from the weekly jobless claims report, which I had suggested would be misleading due to claims being made substantially harder to get over the last several years. Employment: Preliminary annual benchmark revision
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Mtg apps, Existing home sales, Freight, Germany, Greenland
Economic Releases
Aug 21, 2019
Highlights The surge in refinancing is easing as the related index, after spiking 37.0 and 12.0 percent in the two prior weeks, rose only 0.4 percent in the August 16 week. Yet rates did move lower in the week, down another 3 basis points to 3.90 percent for conventional 30-year loans and
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Japan exports, RV sales, Tariff delays
Economic Releases
Aug 19, 2019
Japan Exports Fall for 8th Month Exports from Japan dropped 1.6 percent from a year earlier to JPY 6.64 trillion in July 2019, the eighth straight month of decrease and compared to market expectations of 2.2 percent fall, amid weakening global demand and the US-China trade dispute. An Economic Warning Sign: RV
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Inventory/sales ratio, PMI’s, Housing starts, Consumer Sentiment
Economic Releases
Aug 17, 2019
Still elevated: Not looking good: Starts down and rolling over, permits up for the month but still trending lower, as per the charts: Highlights A slow turn upward is the indication from a mixed but still positive housing starts and permits report for July, headlined by a much lower-than-expected rate for starts
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Industrial production, Retail sales, Housing index, NY manufacturing, Trump comments
Economic Releases
Aug 15, 2019
Tariffs doing their thing to the US economy: Highlights A jump in utility output couldn’t save industrial production in July which, pressured by contraction in both manufacturing and also mining, came in near the low end of Econoday’s consensus range with a 0.2 percent decline. Utilities, where production is affected by the
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Germany, Euro IP, China
Economic Releases
Aug 14, 2019
German Economy Contracts in Q2 as Exports Fall Germany’s gross domestic product contracted by a seasonally-adjusted 0.1 percent on quarter in the three months to June 2019, following a 0.4 percent expansion in the previous period and matching market expectations, a preliminary estimate showed. Net external demand contributed negatively to the GDP,
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Tariff delay, Foreign US home buyers, Euro area ZEW
Economic Releases
Aug 13, 2019
You can’t make this stuff up… So the problem is Americans might not buy Chinese products? Trump says he delayed tariffs because of concerns over Christmas shopping season
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China news, CNBC small business survey
Economic Releases
Aug 12, 2019
China Vehicle Sales Fall for 13th Month Vehicles sales in China decreased 4.3 percent from a year earlier in July 2019, the 13th consecutive month of decline, as the economy slows further amid the trade spat with the US. Sales of new energy vehicles (NEVs) tumbled 4.7 percent to 80,000 units, the
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Auto sales, Auto cutbacks, Central bank gold buying
Economic Releases
Aug 10, 2019
Peaked a few years ago and trending lower: BEA: July Vehicles Sales decreased to 16.8 Million SAAR The BEA released their estimate of July vehicle sales on Tuesday. The BEA estimated sales of 16.82 million SAAR in July 2019 (Seasonally Adjusted Annual Rate), down 1.8% from the June sales rate, and down
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Air freight, Rails, Oil and Gas, Morgan Stanley index, Semi sales
Economic Releases
Aug 10, 2019
Rail Week Ending 03 August 2019: July Down 6.1% Oil related capex never recovered to prior levels and is now in decline: Down some more:
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