UK Archive

Ryan timeline, Trump remarks

It will be a while before even the discussions begin: House Speaker Paul Ryan said Thursday that Republican lawmakers will try to push through tax reform and infrastructure bills — two key policies for investors — in the spring after focusing on health care. “It’s just the way the budget works that ...Read More

Existing home sales, UK headline, Vehicle sales, India, Trump tweeting

These sales are reported based on actual closings, and they look to have flattened around the 5.5 million/yr rate. But that was before lenders hiked mortgage rates due to Trumpenomics frears, and mortgage purchase apps did drop a full 6% last week. And this number is not ‘population adjusted’: Talk about cheerleading- ...Read More

Chicago Fed, Japan, China, UK, US container counts, Euro area savings desires, Fed comment, Dividends comment

Still in the red: This is not a good sign for global demand. And Japan’s continuing trade surplus recently enhanced by the falling yen isn’t a positive for US GDP: Japan’s trade surplus grows 4.7-fold in October Nov 21 (Kyodo) — Japan’s trade surplus expanded 4.7-fold in October from a year earlier ...Read More

Bannon, DB on repatriation, The $

The big stupid continues uninterrupted from regime to regime: Documentary Of The Week: Stephen Bannon Explains America’s Problems By John Lounsburry Nov 15 (Econintersect) — Econintersect: This lecture was presented to the inaugural session of the Liberty Restoration Foundation in Orlando, FL October, 2011. Stephen Bannon, the CEO of Donald Trump’s successful ...Read More

Presidential poll, Euro area current account, Saudi output, Russian nukes

Clinton Vs. Trump: IBD/TIPP Presidential Election Tracking Poll (IBD/TIPP) The IBD/TIPP poll — a collaboration between Investor’s Business Daily (IBD) and TechnoMetrica Market Intelligence (TIPP) — has been the most accurate poll in recent presidential elections (About IBD/TIPP Poll). The latest results for the IBD/TIPP Presidential Election Tracking Poll will be released ...Read More

Saudi Pricing, Rail traffic, ISM non manufacturing index

Looks like the Saudis want prices to be a bit firmer: Rail Week Ending 27 August 2016: All Rolling Averages Worsen And Remain In Contraction Sept 2 (Econointerest) — Week 34 of 2016 shows same week total rail traffic (from same week one year ago) contracted according to the Association of ...Read More

Mtg apps, Durable goods orders, Pending home sales, Apple and Cat comments

Highlights Purchase applications for home mortgages were down 3.0 percent in the July 22 week following the previous week’s 2.0 percent decline, while refinancing applications, which tend to be even more sensitive to interest rates, fell a sharp 15.0 percent. The decrease brought the Purchase Index down to the lowest level since ...Read More

Apartment market tightness, Chicago diffusion index, Equity flows, UK PMI and public sector deficit, Union Pacific

Looks like a bit of oversupply from new construction, and it didn’t take much of that, either, as construction has been well below prior cycles: “Apartment markets remain strong, but the surge of new apartment construction is starting to shift the supply-demand balance, particularly in the market for upscale apartments,” said Mark ...Read More

CPI, retail sales, Empire State Mfg, Industrial production, Business inventories, Consumer sentiment, JPM earnings, UK comment, China comment

A bit less than expected- nothing to cause the Fed to be alarmed. You’d think that by now they’d realize that all that rate cutting and so called ‘money printing’ has nothing to do with the price level or ‘accommodation’…: Highlights Price pressures evident the last two months down the supply chain ...Read More

Saudi pricing, UK construction

Looks like prices a bit higher for Europe and lower for the rest? Market price action over the next few weeks will tell us if this works to lower prices: This was before the Brexit vote: ...Read More