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Aug 14, 2014
I am now also emailing my posts directly to my PMC donors at the same time they are emailed for posting on this website. If you wish to be on the list, please make a donation here.
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Inventory/sales ratio, PMI’s, Housing starts, Consumer Sentiment
Economic Releases
Aug 17, 2019
Still elevated: Not looking good: Starts down and rolling over, permits up for the month but still trending lower, as per the charts: Highlights A slow turn upward is the indication from a mixed but still positive housing starts and permits report for July, headlined by a much lower-than-expected rate for starts
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Industrial production, Retail sales, Housing index, NY manufacturing, Trump comments
Economic Releases
Aug 15, 2019
Tariffs doing their thing to the US economy: Highlights A jump in utility output couldn’t save industrial production in July which, pressured by contraction in both manufacturing and also mining, came in near the low end of Econoday’s consensus range with a 0.2 percent decline. Utilities, where production is affected by the
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Germany, Euro IP, China
Economic Releases
Aug 14, 2019
German Economy Contracts in Q2 as Exports Fall Germany’s gross domestic product contracted by a seasonally-adjusted 0.1 percent on quarter in the three months to June 2019, following a 0.4 percent expansion in the previous period and matching market expectations, a preliminary estimate showed. Net external demand contributed negatively to the GDP,
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Tariff delay, Foreign US home buyers, Euro area ZEW
Economic Releases
Aug 13, 2019
You can’t make this stuff up… So the problem is Americans might not buy Chinese products? Trump says he delayed tariffs because of concerns over Christmas shopping season
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China news, CNBC small business survey
Economic Releases
Aug 12, 2019
China Vehicle Sales Fall for 13th Month Vehicles sales in China decreased 4.3 percent from a year earlier in July 2019, the 13th consecutive month of decline, as the economy slows further amid the trade spat with the US. Sales of new energy vehicles (NEVs) tumbled 4.7 percent to 80,000 units, the
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Auto sales, Auto cutbacks, Central bank gold buying
Economic Releases
Aug 10, 2019
Peaked a few years ago and trending lower: BEA: July Vehicles Sales decreased to 16.8 Million SAAR The BEA released their estimate of July vehicle sales on Tuesday. The BEA estimated sales of 16.82 million SAAR in July 2019 (Seasonally Adjusted Annual Rate), down 1.8% from the June sales rate, and down
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Air freight, Rails, Oil and Gas, Morgan Stanley index, Semi sales
Economic Releases
Aug 10, 2019
Rail Week Ending 03 August 2019: July Down 6.1% Oil related capex never recovered to prior levels and is now in decline: Down some more:
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Bankruptcy cuts, Wholesale trade, Turkey
Economic Releases
Aug 08, 2019
Bankruptcy-related job losses invoke grim reminders of Great Recession In the first seven months of the year, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% from the same period last year and nearly 20% higher than all bankruptcy-related job losses last year, a report released Tuesday concluded. Despite record-low
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Germany, Argentina, Rate cuts
Economic Releases
Aug 07, 2019
Deep into global industrial contraction: Not that rate cuts are expansionary, of course, but that they think they are. As the barber quipped, ‘no matter how much I cut off, it’s still too short’ : Central Banks Across Asia Cut Interest Rates The Reserve Bank of India cut its benchmark repo rate
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JOLTS, Exports, Lumber prices, Trump comments
Economic Releases
Aug 06, 2019
Openings have rolled over and hires gone flat. Neither are population adjusted so it’s worse than it looks here: New export orders now below 2016 collapse: All these statements are entirely false, of course, but interesting how the ’45 year’ statement repeats- seems somehow he’s ‘connecting’ it to him being the 45th
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