CFNAI slips to +.2 in March. Miles driven continues to flat line, now into a 7th year. California regains almost all of its lost jobs.
Posts under ‘Daily Market Comment’
Housing bubble 2.0 has arrived? Q 1 earnings wobble out of the gate. China faces a growing credit and real estate crises.
Housing starts and permits both miss in March, Industrial production gains. Real estate sales surge in California but less than last year.
Treasury buying jumps, is the smart money seeking safety? Inflation increases but remains historically low. Manufacturing slips.
Retail sales beat expectations on strong auto sales. The HFT or High Frequency Trading Scandal grows with a CBOT and CME class action.
Wholesale prices jump but remain low historically. With 3 trillion in assets and 10 trillion in liabilities a pension crisis is looming.
Markets plunged on little real news. Import/Export prices gain. IMF says USA corporate sub prime debt is an accident waiting to happen.
Despite the 6.7% “official” unemployment rate decent paying full time jobs remain hard to come by and earned income suffers.
Is the Consumer Finance Protection Bureau just another toothless dog and pony show to appease a gullible public? It sure looks like it….
NASDAQ get hammered again despite little real news. Fed member Fisher makes some interesting comments.