Saturday, June 8, 2013

Weekly Indicators: moving forward in first gear edition

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 - by New Deal democrat May monthly data reported this past week was dominated by yet another tepid jobs report of +175,000 with a slig...
Friday, June 7, 2013

Weekend Weimar, Beagle and Pit Bull

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You know the drill by now. See you Monday; NDD will be here over the weekend.

What Barry Said

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I've been reading Barry's blog for almost 10 years (dear God, has it been that long)?  Agree or disagree I always find his points we...

May employment: a mixed report that isn't nearly good enough

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- by New Deal democrat May's employment report can best be described as a tepidly good report, that mainly took back losses we saw...

A Quick Point Before the NFP Release

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The above 60 minute SPY chart shows the market to be in a disciplined sell-off.  Remember this as "market mavins" pontificate f...

It's NFP Day!

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Today the BLS announces the monthly employment numbers. NDD will "run point" on our analysis; I'll add a few points as well....
Thursday, June 6, 2013

EU Depression Marches Onward

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The unemployment rate continues to move higher. Manufacturing numbers continue to print in negative numbers, although the trend is less...

Heritage Economist Called Out For, Well, Lying

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H/T Krugman About Time.

Market/Economic Analysis: India

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Like it's BRICs cousin Brazil, India is facing some fairly heavy problems.  I last discussed the Indian economy in April and noted they ...
Wednesday, June 5, 2013

Mortgage Rates Rise; Mortgage Bonds Drop

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Mortgage backed bonds have dropped below key support at the 108 price level.  Other parts of the chart add to the bearish interpretation....

Has Gold Found a Temporary Bottom?

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The top chart is a daily chart of the GLD ETF, and it shows a potential bottom forming in the 130 area.  Don't get too excited b...

Australia Keeps Rates Steady

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The Australian Central Bank kept rates at 2.75% in their latest policy announcement: At its meeting today, the Board decided to leave the ...
Tuesday, June 4, 2013

Gross domestic income remains positive

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. - by New Deal democrat With the second estimate of quarterly GDP comes the estimate of Gross Domestic Income. Theoretically GDI shoul...

John Hinderaker Demonstrates His Economic Ignorance -- Unexpectedly!

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For reasons unknown, John Hinderaker thinks he has the ability to provide meaningful economic analysis when in fact the exact opposite is th...

Market/Economic Analysis: Brazil

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I've previous noted that Brazil faces the most unwanted dilemma of slower growth and higher inflation (see here and here ).  It is not ...
Monday, June 3, 2013

More measures of the housing non-bubble

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- by New Deal democrat Last Friday I debunked a Zero Hedge post that claimed that median house prices as a multiple of disposable pe...

Australian Industry In Pro-Longed Contraction

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From the latest Australian Industry Groups' PMI release: The latest seasonally adjusted Australian Industry Group Australian Performa...

Even Krgthulu nods

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- by New Deal democrat Paul Krugman, yesterday : So as I see it, we should first of all be evaluating models, not individuals; obviousl...

Condolences, Thoughts and Prayers of Support For Stirling Newberry

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Stirling Newberry is without a doubt one of the smartest people I have ever met.  I had the good fortune of sitting on a panel with him a fe...

Market/Economic Analysis: US

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Let's start with a look at the economic news of last week. The good: The Case Shiller home price index increased 10.8% Y/O/Y and 1.38...