Macro
Zerohedge
-
You Know It’s Bad When… Prices For Used Jets Are Cratering
America’s wealthiest individuals are thriving thanks to an imbalance in wealth accumulation that favors the already asset-rich. But even though the number of millionaires and billionaires living in the US has been climbing, and is on track to increase by nearly 700,000 a year between now and 2021 – so long as the market avoids ...
Read more » -
EXPOSED: CIA drug connection shows how they support USD and manipulate foreign markets
-
Bitcoin Buyer Beware
-
THe USuAL SuSPeCTS…
-
“It’ll Be An Avalanche”: Hedge Fund CIO Sets The Day When The Next Crash Begins
-
The Greater Depression
-
Trump Accuses Hillary Of “Colluding” With Democrats “To Beat Crazy Bernie Sanders”
The Capital Spectator
-
A Short Holiday For The Capital Spectator
Summer is here, the livin’ is easy (even if it’s still expensive), and the temptation to play hooky is too strong to resist. But the bills must be paid eventually and so this brief respite ends when the usual routine returns on Monday, June 26. Cheers!
Read more » -
Is Demography Destiny For US GDP Growth?
-
US Business Cycle Risk Report | 20 June 2017
-
US REITs Continue To Rebound
-
Book Bits | 17 June 2017
-
Research Review | 16 June 2017 | Yield Curve Analysis
-
10-Year Treasury Yield Drops Despite Fed Rate Hike
Marc Chandler
-
Surge in Positioning amid Currency Contract Roll
The expiration of the June contracts and the roll into September positions appears to have boosted activity in the currency futures, and may obscure the signaling effect. Of the 16 gross positions we track, speculators add to exposure in all but four positions. There speculators covered gross short Swiss franc, Canadian, Australian, and New Zealand dollar positions. There were several significant position adjustments, which we define as...
Read more » -
Dollar Upticks Fragile Without Interest Rate Support
-
Emerging Markets: What’s Changed
-
Short Summary Weekly MOF Portfolio Flows
-
Dollar Pares Gains Ahead of the Weekend
-
Bond Yields, Inflation, and More
-
Greenback Goes Nowhere Quickly, While Yen Remains Bid
Mish’s Global Economic
-
How Can a Human Justify Asking to be Paid $15 to Work?
McDonald’s announced it will replace cashiers in 2,5000 stores with self-service kiosks. The story buzzed across the internet but Business Insider reported McDonald’s shoots down fears it is planning to replace cashiers with kiosks. Official Denial “McDonald’s has repeatedly said that adding kiosks won’t result in mass layoffs, but will instead move some cashiers to other parts of the restaurant where it’s adding new jobs, such as table...
Read more » -
Shhhh! It’s TOP Secret: Fake News For Your Eyes Only
-
Bond Market Reaction to Housing
-
Illinois Too Broke to Fix: Chicago Police Pension Fund Broke by 2021 at the Latest
-
Housing Bounce: Prices Surge to New Record
-
“Rule of Nothing”
-
Citizens Will Soon Turn their Rage Towards Central Bankers
BK Asset Management
-
FX: Another Week of Summer Grind?
FX: Another Week of Summer Grind? Daily FX Market Roundup 06.23.17 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management By all counts, it was an extremely quiet week in the foreign exchange market. There was very little change in the U.S. dollar, which traded unevenly against all of the major currencies. We haven’t seen this type of listless trading in months and while the summer holidays in the Northern Hemisphere are...
Read more » -
We’re Watching CAD, GBP and EUR
-
FX Barely Moves a Pip
-
Post RBNZ Trades + GBP, CAD Opportunities
-
Cable Continues its Slow Motion Crash
-
3 Distinct Moves – USD Stalls, GBP Crushed, NZD Awaits
-
Cable Crumbles on Carney Comments
Calculated Risk
-
Schedule for Week of June 25, 2017
The key economic reports this week are Personal Income and Outlays for May, Case-Shiller house prices, and the third estimate of Q1 GDP.----- Monday, June 26th -----8:30 AM: Durable Goods Orders for May from the Census Bureau. The consensus is for a 0.4% decrease in durable goods orders.8:30 AM: Chicago Fed National Activity Index for May. This is a composite index of other data.10:30 AM: Dallas Fed Survey of Manufacturing Activity for June....
Read more » -
Oil Rigs: "Not dead yet!"
-
A few Comments on May New Home Sales
-
New Home Sales increase to 610,000 Annual Rate in May
-
Friday: New Home Sales
-
U.S. Demographics: The Millennials Take Over
-
Kansas City Fed: Regional Manufacturing Activity "Expanded Further" in June
Charles Hugh Smith
-
The Over-Criminalization of American Life
The over-criminalization of America has undermined justice, the rule of law and legal egalitarianism. While the corporate media devotes itself to sports, entertainment, dining out and the latest political kerfuffle, America has become the Over-Criminalization Capital of the World. The proliferation of laws and administrative regulations, federal, state and local, that carry criminal penalties has swollen into the tens of thousands. The...
Read more » -
Automation’s Destruction of Jobs: You Ain’t Seen Nothing Yet
-
What Is the Market Telling Us?
-
We’re in a Boiling-Point Crisis of Exploitive Elites
-
Can We See a Bubble If We’re Inside the Bubble?
-
When the System Thwarts Sincere, Hard-Working People, the System Has Failed
-
The Dead Giveaways of Imperial Decline
Alhambra Investment Partners
-
Central
The Phelan Act of 1920 sounded simple in principle. It authorized the various Federal Reserve Banks, at that time twelve district branches operating independently, to charge progressive interest rates on the rediscounting activities at their respective windows (the discount rate was the interest charged to obtain collateralized funds from the various reserve banks). Private banks in each district were given a set credit line to be used in the...
Read more » -
No Backing Sentiment
-
Is A Little Renewed Political Urgency Before Renewed Monetary Urgency Too Much To Ask For?
-
It’s A Conundrum Because It Wasn’t A Conundrum
-
Brazil’s Reasons
-
Basic China Money Math Still Doesn’t Add Up To A Solution
-
Committing To A World Without 3%
Center for Economic and Policy Research
-
CEPR Blog
In 2012, Republican presidential candidate Mitt Romney famously commented that 47 percent of Americans were “dependent on government” because they didn’t pay any federal income taxes. He went on to explain that his job was “not to worry about those people.” Journalists and other public figures often claim that only the rich pay taxes, supporting this with the argument that the rich pay the vast majority of federal income taxes. However,...
Read more » -
The Different Experiences of Black Unemployment and White Unemployment
-
Trump Tax Returns: Necessary, But Not Enough
-
Declines in Employment by Demographic Group
-
Trends in Employment and School Enrollment Among 16–24 Year-Olds
-
Prime-Age Employment Rate Hits Record High for Recovery in February
-
Rents and Minimum Wage Income in the U.S.’s Largest Cities
Economic Populist
-
What is Really Going On with the Comey Show Trial?
Recently fired FBI Director James Comey failed to land the knockout blow in his live testimony today before the Senate Intelligence Committee that liberals and anti-Trump "conservatives" were hoping for, but his testimony and the nonstop coverage of it illustrate what is really going on here. Since the day Trump was elected, the Deep State has been engaged in a blatant soft coup attempt with the enthusiastic assistance of the...
Read more » -
OPEC cuts still not reducing global oil glut, and they know it
-
CPI Up 0.2% as Fresh Vegetables Soar in April
-
It’s Time for a Rant about this Trump/Russia Foolishness!
-
April Unemployment Rate Lowest Since May 2007
-
The Looting Machine Called Capitalism
-
2017 Q1 US GDP a Sad 0.7%
Naked Capitalism
-
Links 6/25/17
Bats, Beetles, Butterflies… And Other Pollinators That Aren’t Bees (and How to Attract Them) Modern Farmer ECB confirms two struggling Italian banks will close FT Kentucky’s Hedge Funder Governor Keeps State Money In Secretive Hedge Funds HuffPo. What could go wrong? Governor candidate Biss is a traitor, say private-equity investors Crain’s Business Review Block Amazon Houston Chronicle It Takes an Army to Feed the World’s Amazon Addiction...
Read more » -
Robert Reich: The Secret Republican Plan to Unravel Medicaid
-
Catch Us on Harry Shearer’s Le Show Today!
-
Links 6/24/17
-
Wolf Richter: Two Italian Zombie Banks Toppled Friday Night
-
Uber Spinning Out of Control: Employees Eyeing Exits as Press (Finally) Starts to Question Business Model
-
Confirming Dallas Meetup Location Next Tuesday June 27
Lance Roberts RIA
-
Breakout Failure As Resistance Holds 06-23-17
Get Daily Updates: Twitter, Facebook, Linked-In, Sound Cloud MISS THE LATEST WEBINAR? See All Our Previous Web/Seminars Here Rally Failure Sector By Sector 401k Plan Manager Last week, I discussed the “Seemingly Bulletproof Market” and how, despite the carnage in Technology and Discretionary sectors, the overall market was mostly unaffected. “Stepping back from the sector-specific action, if you only looked at the S&P 500 to judge what...
Read more » -
Weekend Reading: Oil Slick
-
Data Says Fed Is Making A Mistake
-
Clarity or Confusion
-
#FP: 5-Tips To Boost Retirement Cash Flow
-
Technically Speaking: The Evaporation Of Risk
-
The Illusion Of Declining Debt To Income Ratios
Doug Short Advisor Perspectives
-
ECRI Weekly Leading Index: WLI YoY Lowest Since August 2016
Today's release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 143.7, down 0.3 from the previous week. Year-over-year the four-week moving average of the indicator is now at 5.36%, down from 5.45% the previous week and its lowest since August 2016. The WLI Growth indicator is now at 3.4, down from the previous week. "International Inflation Cycles Sync Up" ECRI's most recent headline article...
Read more » -
RecessionAlert Weekly Leading Index Update
-
May New Home Sales Beat Expectations
-
S&P 500 Snapshot: Third Consecutive Daily Loss
-
May Real Median Household Income Little Changed from April, Last Report
-
Kansas City Fed Survey: Faster Growth in June
-
Conference Board Leading Economic Index: Continued Growth in May
The Barrel Blog
-
US importers challenge the call for more steel trade restrictions
The American Institute for International Steel recently hosted a forum in Washington DC for those likely to be negatively impacted by steel import restrictions that could follow the government’s ongoing Section 232 investigation. They included speakers representing US traders, ports and steel end-users who believe the outcome of the 232 case — aimed at limiting imports on national security grounds — could have negative economic consequences...
Read more » -
Nord Stream 2: with Europe already divided, the US adds a new layer of geopolitical complexity
-
US Atlantic Coast refiners face new threat in Buckeye proposal to reverse pipeline: Fuel for Thought
-
European mill consolidation concerns independent stockists, distributors
-
Steel 232 investigation and the Russian investigation: On a collision course?
-
Egypt to put squeeze on Qatari LNG volumes
-
Global offshore oil struggles to find its footing: Fuel for Thought
Eurostat News Releases
-
Debt mainly held by non-residents in half of the EU Member States
Download PDF
Read more » -
Production in construction up by 0.3% in euro area
-
Job vacancy rate at 1.9% in both euro area and EU28
-
Annual inflation down to 1.4% in the euro area
-
Annual growth in labour costs at 1.5% in euro area
-
New digital publication presenting our online world in figures
-
Euro area international trade in goods surplus €17.9 bn
Commodity Blog
-
Commodities Technical Analysis, June 26th — June 30th
The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver and Copper as traded on spot market as of June 25th, 2017: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Short Neutral Short Short Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 38.81 40.45 41.78 43.42 44.75 46.39 47.72 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd...
Read more » -
Bitcoin Poised to End Week off Weekly Highs Despite Expectations of Indian Adoption
-
Oil Rallies on Friday, Heads to Fifth Weekly Loss
-
Gold Set for Small Weekly Gain amid Investor Fear, Weakening US Dollar
-
Gold & Natural Gas Rally, Aluminum Near Six-Week Low
-
Oil Futures Rise from 10-Month Lows, Prices Still Under Pressure
-
Bitcoin on the Rise, New Weekly High
BEA
-
Real Personal Income for States and Metropolitan Areas, 2015
Real state personal income grew on average 4.1 percent in 2015, after increasing 3.6 percent in 2014, according to estimates released today by the Bureau of Economic Analysis. Growth of real state personal income – a state's current-dollar personal income adjusted by the state's regional price parity and the national personal consumption expenditure price index – ranged from -2.3 percent in North Dakota to 7.0 percent in Delaware (table 1)....
Read more » -
U.S. International Transactions, 1st quarter 2017 and Annual Update
-
U.S. International Trade in Goods and Services, April 2017
-
Personal Income and Outlays, April 2017
-
Gross Domestic Product, 1st quarter 2017 (second estimate); Corporate Profits, 1st quarter 2017 (preliminary estimate)
-
Gross Domestic Product by State, 4th quarter 2016 and annual 2016
-
U.S. International Trade in Goods and Services, March 2017
Soberlook
-
Why Won’t the Fed Raise Rates?
Guest post by Norman Mogil When the Federal Reserve's Open Market Committee (FOMC) meets in the coming week, there will be pressure from various quarters to raise the federal funds rate. Jamie Dimon, chairman of JP Morgan, has stated blankly “Let’s just raise rates." Furthermore, he has said a quarter point is just a “drop in the bucket." We know where the big money banks stand on the issue. They need higher rates to achieve...
Read more » -
The ECB’s corporate bond purchase programme takes shape
-
What is Behind the Surge in the Corporate Debt
-
The Big Disconnect in the Pension Industry
-
The Looming Shortage in Government Bonds
-
What the Bond Market is Telling Investors
-
Unconventional Policies and Their Effects on Financial Markets
The Short Side of Long
-
Are You Denominated In The Right Currency?
Weekly Notes With Tiho — Issue 8I’ve been traveling a lot lately.Mainly around Asia, until next month when I leave for Europe.Ho Chi Minh City, Singapore, Kuala Lumper, Bangkok, Hong Kong and recently the metropolis center of Shanghai.Side note: The photo above was taken on my iPhone 7 last week.Each one of those cities has a different currency.This makes the world of foreign exchange fascinating, especially to travelers and cross-border...
Read more » -
5 Things to Consider Before Starting the “Travel Points Hustle” Part 3
-
How To Retire Using The Right Investment Portfolio
-
Is Bitcoin A Good Investment At The Current Price?
-
Is Bitcoin A Good Investment At The Current Price?
-
Bitcoin Is Not A Good Investment At “Any” Price
-
How Are Fund Managers Positioned In Global Markets?
Humble student of the markets
-
A Fed preview: What happens in 2018?
Get more articles like thisBack to full articlePreface: Explaining our market timing modelsWe maintain several market timing models, each with differing time horizons. The “Ultimate Market Timing Model” is a long-term market timing model based on the research outlined in our post, Building the ultimate market timing model. This model tends to generate only a handful of signals each decade. The Trend Model is an asset allocation model which...
Read more » -
A possible volatility spike ahead
-
Peak smart beta?
-
Thrust and bust, or lower for longer?
-
Possible market turbulence ahead
-
Thinking Straight 101
-
When does the market top out?
Global Macro Monitor
-
The Incredible Shrinking Relative Float of Treasury Bonds
Lot’s of hand wringing these days about the flattening yield curve. We still maintain our position that the signal from the bond market is significantly distorted due to the global central bank intervention (QE) into the bond markets. See here and here. Most of what is happening with the U.S. yield curve is technical. Sure, traders can get a wild hair up their arse, believing the economy is slowing and try and game duration by punting in...
Read more » -
Dubai’s Robotic Police Force
-
Did Jacques Chirac Wreck A Plan To Exile Saddam to Saudi?
-
Emerging Market $ Bonds: An Option Based Analysis
-
US Sector ETF Performance – June 16
-
Global Risk Monitor – June 16
-
Happy Fathers Day! We’ve Got Some Wood to Chuck
Dr. Ed Yardeni
-
Drowning in Oil
OPEC oil producers continue to put a lid on their output in an effort to prop up prices. Yet the price of a barrel of Brent crude oil is back down to $45.89, below its recent high of $57.10 on January 6. That’s comfortably in the $40-$50 price range that I have been expecting for this year. Despite the 76% plunge in the price of oil from June 19, 2014 to January 20, 2016, US crude oil production fell just 12% from the week of June 5, 2015...
Read more » -
Tech Now and Then
-
Hannibal Spirits: S&P 500 Climbing Mountains
-
A Memorable Earnings Season
-
Valuation: A Less Miserable Measure
-
Death by Amazon
-
Earnings: Small Is Beautiful