Despite some views that GDP growth would be revised downward substantially (see discussion here), the recent trajectory of GDP and GDO was largely unchanged...
German inflation falls sharply US GDP expands 2.1%, unemployment claims tick higher The euro continues to show volatility. EUR/USD has jumped 0.53% on...
You Will Never Guess What Happened To "The Strong US Consumer" After Today's Huge GDP Revisions It has become a running joke: the "strong"...
German HICP inflation declined sharply in September Italian-German 10-year yield spread tested 200 bps Dollar profit-taking begins after softer personal...
Futures Flat As Yields Extend Gains After Brent Crude Hits $97 Overnight US equity futures reversed initial gains following Wednesday's surprise...
"9-Sigma Miss": Personal Consumption "Unexpectedly" Collapses In Latest GDP Revision Traditionally, the second revision to GDP data (which...
From the BEA: Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), Second Quarter 2023 and Comprehensive UpdateReal gross domestic product (GDP) increased at an annual...
Tokyo Core CPI expected to drop from 2.8% to 2.6% Japanese yen steadies after slide The Japanese yen has stemmed a 3-day slide, in which it...
Americans Aren't Buying The "Great Economy" Narrative Authored by Michael Maharrey via SchiffGold.com, The Fed people insist the economy...
Overview: The increasingly likely partial US federal government shutdown has spurred a bout of liquidation of long dollar positions. The psychologically...
* Government shutdown looks increasingly likely as Sep. 30 deadline nears * Workers union threatens to expand strikes at Detroit automakers * Shares suspended...
Is World War III About To Start? Part II: Are The Military-Industrial Complex & Deep State Driving Us To War? Authored by Richard C Cook...
What's Behind The Record Divergence Between GDP and GDI, And Why Tomorrow The US Economy Will Be Revised Sharply Lower Tomorrow morning years...
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be...
Coming tomorrow morning – the revisions to GDP over the last five years incorporating lots of new source data may change substantially our understanding...
You don’t have to study federal budget data closely to know that the only way to reduce the huge budget deficits over the next 10 years,...
German Institutes see 2025 GDP at 1.5% Germany GfK consumer confidence hit lowest since Apr 2023 Euro Zone M3 money supply posts worst drop on record...
New Zealand Business Confidence expected to rebound The New Zealand dollar is slightly lower on Wednesday. NZD/USD is trading at 0.5937 in the North American...
German consumer confidence decelerates German inflation expected to fall to 4.6% The euro has extended its losses on Wednesday and has declined close to...
Central banks balance different factors when raising rates – or not – including inflation and the labour market. But what other countries are doing...
A perennial challenge with China’s growth model has been overly high investment spending relative to GDP and unusually low consumer spending, something...
60% Of US Population Growth Since The Pandemic Is Age 65+ Authored by Mike Shedlock via MishTalk.com, Here are some interesting demographic...
We recently wrote The Lag Effect Unveiled to appreciate why it takes time for higher interest rates to inflict economic damage. We follow that up with...
Forecasts of recession vary with indicators (term spread, foreign term spreads, debt-service ratios). Forecasts of economic activity — as measured by...
Four business development companies to purchase in pursuit of potent profits also offer inroads to income. The four business development companies to purchase...
UK Mortgage approvals expected to continue to drop No major revisions expected with Q2 GDP report BOE overnight index swaps price in a peak rate of...
Sidney Homer's Odyssey By Michael Every of Rabobank Bonds were battered again yesterday, the US 10-year closing up 10bps at 4.53%, a new...
Late last year, and into early 2023, the crowd was all in on the inevitability of a US recession starting in the near future. A Bloomberg...
The most important economic data for this week are: U.S. durable goods orders on Wednesday at 12:30 PM GMT. The data for the month of August...
In the comment section of my previous post, a number of people were dismissive of the model because it failed to do well in out-of-sample tests....