Saturday, July 27, 2013

Weekly Indicators: a midsummer respite edition

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 - by New Deal democrat Monthly data reported in the last week included a 5 month high in the Michigan consumer confidence index. Almos...
Friday, July 26, 2013

Weekend Weimar, Beagle and Pit Bull

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I'll be back on Monday; NDD will be here over the weekend.

China and Declinging Commodity Prices

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The following graph is from the Financial Times: China's export led manufacturing drive has been a boon to natural resourc compa...
Thursday, July 25, 2013

Financials Reassert Leadership Role

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From the Financial Times: A stark shift in investor sentiment in global equity markets has accelerated this year with a widening gulf ...

How Much Damage Will Rising Rates Do To the Housing Recovery?

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From Marketwatch: Even a spike in mortgage costs since late spring — interest rates have jumped nearly a full percentage point — doesn’t ...

Slowing Global Economy Slowing International Exports

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The Canadian economy has been hit over the last two quarters by slowing global demand.  The blue part of each quarter's section repre...
Wednesday, July 24, 2013

Turkey Raises Key Rates 75 Basis Points To Stem Currency Slide And Slow Inflation

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Count turkey as another developing country that has inflation problems: Recently, several developments have affected inflation adversely....

Deflation Is The Real Risk To the US Economy

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The following is from Bernanke's speech to Congress last week: Meanwhile, consumer price inflation has been running below the Commit...
Tuesday, July 23, 2013

The long leading indicators - an update

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- by New Deal democrat In view of the recent interest rate spike, now is a good time to review the status of the long leading indicato...

Oil Still At Higher Levels; How Long Until The Oil Choke Collar Slows the Economy?

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The daily chart of oil shows that the 98-99 price level held for five different advances this year. However, with the Egypt situation pri...
Monday, July 22, 2013

Some Ugly Economic Charts For Detroit

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Last week's Detroit bankruptcy got me thinking about what the economy for that city looks like.  Thankfully, the FRED data system has so...

Market/Economic Analysis: US

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Last week the Fed released the Beige Book , which contained this summation of the economy: Reports from the twelve Federal Reserve Distric...
Saturday, July 20, 2013

Weekly Indicators: interest rate spike killing housing rebound edition

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 - by New Deal democrat Monthly data reported in the last week included big drops in housing permits and starts. Because permits are a...
Friday, July 19, 2013

OK -- Who's the Joker?

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For reasons unknown, I am now receiving direct mail pieces from Judicial Watch and the Heritage Foundation.  In fact, the Heritage Foundatio...

Failed Narratives: a reply to Barry Ritholtz and Noah Smith

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- by New Deal democrat Barry Ritholtz has a contemplative piece up at The Big Picture called The Narrative Fails . His thesis, borrowe...

Chile and Peru Keep Rates Steady

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From the Chilean Central Bank: In its monthly monetary policy meeting, the Board of the Central Bank of Chile decided to maintain the mone...
Thursday, July 18, 2013

The Fiscal Drag of the Sequester

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First, the Fed has a great summary of the economy here.   It's included as part of their semi-annual presentation to Congress. Secondl...

Market/Economic Analysis: Brazil

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Last Wednesday , the Brazilian central bank raised the interest rate 50 basis points to 8.5%: Continuing the adjustment process of the ba...