Category Archives: Inflation

Jobless Claims, Durable goods, house prices, cpi

I still don’t see any evidence of a ‘boost’ from lower oil prices. If anything, it’s all gotten a lot softer instead… Jobless Claims Durable Goods Orders Capital Goods Shipments ex Air Y/Y:

Posted in Economic Releases, Employment, Inflation |

Greece, Euro inflation

Greece gets to choose its own poison: Greece Delays Awaited Reform Proposals Until Tuesday Feb 23 (WSJ) — Greece’s government pushed back until early Tuesday a list of awaited reforms that its eurozone partners had demanded in exchange for continuing … Continue reading

Posted in EU, Inflation |

mtg prch apps, housing starts, Producer prices, Redbook retail sales

More bad housing news: MBA Purchase Applications Highlights The purchase index is down for a 5th straight week, 7.0 percent lower for the 2nd consecutive week. Rates have been rising in recent weeks including the latest week which is especially … Continue reading

Posted in GDP, Housing, Inflation |

Turkey’s President has it right!

Maybe they’ll invite me there for Thanksgiving- see where it all started! ;) Erdogan: You Can’t Decide Interest Rates According to Inflation By Ali Berat Meric Feb 4 (Bloomberg) — Turkish President Recep Tayyip Erdogan says making interest-rate cuts dependent … Continue reading

Posted in CBs, Inflation, Interest Rates |

claims, retail sales, prices, inventories

If sales are going to fall off it will be after the layoffs and capital expenditure cuts from the fall in crude prices take place: Jobless Claims Highlights Jobless claims data are low but still are still trending higher than … Continue reading

Posted in Employment, GDP, Inflation |

RT interview

My RT interview starts at the 4 min mark. The cut it into segments that will appear at a later date.

Posted in Employment, Fed, Inflation |

Comments on crude pricing, the economy, and the banking system

Crude pricing The Saudis are the ‘supplier of last resort’/swing producer. Every day the world buys all the crude the other producers sell to the highest bidder and then go to the Saudis for the last 9-10 million barrels that … Continue reading

Posted in Banking, CBs, Comodities, Credit, Currencies, Fed, GDP, Inflation, Interest Rates, Oil |

Personal Income and Outlays, Employment Cost Index, Chicago PMI

The stock market is happy on the false assumption that bad news means lower rates from the Fed which is good for profits, but that’s another story… Income and spending weak, and prices soft as the Fed continues to fail … Continue reading

Posted in Employment, Fed, Inflation |

Fed minutes

Bill McBride and I agree this is the key takeaway. That is, the Fed still sees the risks as asymmetrical and therefore prefers to err on the side of ease. So stocks soar on the belief that low rates from … Continue reading

Posted in Fed, Inflation | Tagged |

Japan’s ‘bad inflation’

The Next Stage of Abenomics Is Coming – Shinzo Abe (WSJ) My highest priority as Japan’s prime minister remains the economy… Make no mistake, Japan will emerge from economic contraction and advance into new fields and engage in fresh challenges…Some … Continue reading

Posted in Inflation, Japan |