UK Archive

The ‘labor market’ is not a ‘fair game’ as people need to work to eat, and business only needs to hire if it likes the return prospects, so real wages should be expected to remain depressed without some form of outside support, which broke down in the 80’s with globalization policies, and ...Read More

Deficit growing despite tariffs. Could be J curve effect: Highlights A slight 0.1 percent decline in exports and a slight 0.2 percent gain in imports made for a sizable 1.7 percent deepening in the nation’s trade deficit in October to $55.5 billion which is just outside Econoday’s consensus range. The deficit with ...Read More

Now down year over year, and in line with the deceleration in bank mortgage lending: Highlights Existing home sales posted their first gain in four months, rising 0.7 percent in September to a 5.390 million annualized rate that is near Econoday’s top forecast. Hurricane effects are hard to gauge with the National ...Read More

The Fed continues to fail to meet it’s target. They just need a little more time… ;) And coincidentally this is inline with the credit deceleration as previously discussed: Highlights In what is one of the very weakest 4-month stretch in 60 years of records, core consumer prices could manage only a ...Read More

Trumped up expectations cooling a bit? PMI Manufacturing Index Flash Services: Initial earnings estimates have tended to fall: This is extraordinary, as their liabilities are most likely predominately euro denominated, which is what I’d call a ‘fundamental short’ position. That is, this has been part of the ‘portfolio shifting’ that has been ...Read More