Housing starts, Industrial production, Bank loans, Euro business loan demand, Momentum
Economic Releases
Dec 17, 2019
Yes, housing starts were up for the month, and somewhat higher than expected, but looking at the chart it sure looks to me like they’ve gone nearly flat with things like changes in the interest rate outlook causing some of the volatility. And on a population adjusted basis housing starts remain at
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Business sales, Retail sales
Economic Releases
Dec 13, 2019
Today’s trade agreement will do nothing to reverse the tariff induced deceleration well underway in the economy: This is through Q3:
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Euro area IP, India IP, Japan, Mexico, US claims, Sea containers
Economic Releases
Dec 12, 2019
The global slow motion train wreck continues: Japan: Core machinery orders in Japan, which exclude those of ships and electrical equipment, declined 6.0 percent from a month earlier in October 2019, following a 2.9 percent fall in September and compared with market expectations of a 0.9 percent increase. It marked the longest
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Small business optimism, China autos, Household asset ratio
Economic Releases
Dec 11, 2019
Still elevated vs before the election, but working its way down from the highs: China Auto Sales Fall for 17th Straight Month Vehicles sales in China dropped 3.6 percent from a year ago to 2.46 million units in November 2019, marking the 17th consecutive month of decline, as local governments accelerated changes
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Germany, Japan, rails
Economic Releases
Dec 10, 2019
Deeper into contraction: German Industrial Output Falls Unexpectedly Industrial production in Germany dropped by 1.7% mom in October 2019, missing market expectations of a 0.1% growth and following a 0.6% fall in September. This marked the steepest monthly decrease in industrial output since April, as production fell for capital goods (-4.4%), including
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Employment, Wholesale inventories and sales
Economic Releases
Dec 06, 2019
Still in a down draft with additional tariffs scheduled to kick in Dec 15. Decelerating employment growth translates into decelerating personal income growth, etc. etc. etc. Similar pattern for wages- up some with tax cuts, down with tariffs: Meanwhile seems the crowd is making a big deal over the larger than expected
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Small business hiring, S&P earnings, Trump
Economic Releases
Dec 06, 2019
A Growing Share of S&P 500 Companies’ Earnings Are Contracting 350 health professionals sign letter to Congress claiming Trump’s mental health is deteriorating dangerously amid impeachment proceedings
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Trade, Vehicle sales, Air cargo
Economic Releases
Dec 05, 2019
The details show a weakening US consumer: The US trade deficit narrowed to USD 47.2 billion in October of 2019 from a downwardly revised USD 51.1 billion in the previous month, and below market expectations of a USD 48.7 billion. It is the lowest trade gap since May of 2018. Imports slumped
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ADP, ISM services, Bank lending, Euro area earnings forecasts, ISM NY
Economic Releases
Dec 04, 2019
US Companies Add the Least Jobs in 6 Months: ADP Private businesses in the US hired 67K workers in November, well below market expectations of 140K and compared with a downwardly revised 121K in October. The service-providing sector added 85K jobs, driven mostly by education & health; professional & business; leisure &
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EEI Index, New tariffs, South Korea, US capex
Economic Releases
Dec 03, 2019
Makes matters worse: US vows 100% tariffs on French Champagne, cheese, handbags over digital tax US capital expenditures collapsing:
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