Japan Archive
Mtg purchase apps, Car sales comments, ADP, ISM services, Exxon capex, BOJ comment
Employment, Housing, Japan, Oil
Feb 03, 2016
Up last week now back down as this sector remains in prolonged depression: MBA Mortgage Applications Highlights The purchase index has been posting outsized gains this year but not in the January 29 week, falling 7.0 percent. The refinance index, however, did post a gain in the week, up 0.3 percent. Low
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Japan, China, Fed comment, Capex cutbacks, South Korea
This is the yen yield curve after over 20 years of a 0 rate policy, massive QE, and now negative overnight rates. Maybe now the economy will finally respond. :( (And how good can the BOJ think the economy is?) The western educated kids/monetarists who’ve taken control don’t seem to be doing
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GDP, Saudi oil production, KC Fed, Chicago PMI, Shale Italy and Japan comments
As expected, the deceleration continues, and over the next couple of years it wouldn’t surprise me if the entire year gets revised down substantially: GDP Highlights Consumer spending is the central driver of the economy but is slowing, at least it was during the fourth quarter when GDP rose only at a
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Saudi oil pricing, import and export prices, Japan Manufactures’ sentiment
Not a lot of change for January, most ‘discounts’ still at or near the wides, so price action likely to be more of same: Something the Fed takes into consideration: Import and Export Prices Highlights Cross-border price pressures remain negative with import prices down 0.4 percent in November and export prices down
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Copper, Japan, Corp tax policy
Commodities, Japan
Nov 24, 2015
They must have found a way for their workers to live on fewer calories… Copper Miners’ Pain Doesn’t Stop Buildup Nov 23 (WSJ) —Global copper production is on track to hit an all-time high of 18.7 million metric tons this year, according to BMO Capital Markets. The cost of producing a pound
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CPI, Redbook Retail Sales, Industrial Production, Housing Index, Containers, FHA Capital, EU Car Registrations, Japan
Part of the Fed’s mandate is to hit it’s 2% inflation target: Still at recession type levels: This is also what recession looks like: The anointed ‘driver of the economy’ continues to falter as previously discussed: Housing Market Index Highlights The housing market index from the nation’s home builders shows weakness, at
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Mtg Purchase Apps, Arch. Billings, Japan Exports, Bernie Article
After the up and down in front of the change in regulations new purchase apps are, so far, lower than before: Fits with the permit spike/decline story, and there was also this note: The multi-family residential market was negative for the eighth consecutive month – and this might be indicating a slowdown
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Exports, Bank Revenues, Chips, Japan, Mtg Purchase Apps, Oil Comment
At U.S. Ports, Exports Are Coming Up Empty Oct 13 (WSJ) — In September, the Port of Long Beach Calif. handled 197,076 outbound empty boxes. September was the eighth straight month in which empty containers leaving Long Beach outnumbered those loaded with exports. Last month, however, Long Beach and the Port of
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German Trade, Japan
Exports down but so are imports, indicating a weak global economy and continued euro support from trade net flows: Germany : Merchandise Trade German exports plunge at fastest pace since global financial crisis Oct 8 (Reuters) — German exports plunged in August. Data from the Federal Statistics Office showed seasonally-adjusted exports sliding
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Dallas Fed, Chicago PMI, Japan Industrial Production, Italy Retail Sales, Comments on GDI and GDP
Economic Releases, GDP, Japan
Aug 31, 2015
Shockingly negative: Dallas Fed Mfg Survey Not so good: Chicago PMI Highlights The headline for August looks solid, at 54.4 for the Chicago PMI, but the details look weak. New orders and production both slowed and order backlogs fell into deeper contraction. Employment contracted for a fourth straight month while prices paid
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