China makes a surprise interest rate cut as their real estate and mal investment bust grows, deflation spreads. Kansas City Fed higher.
Posts under ‘Daily Market Comment’
CPI is unchanged. Existing home sales gain, prices slip. Credit card debt higher. Philly Fed jumps. Leading economic indicators advance.
Housing starts miss but permits beat expectations. Japan marches further down the road to of Keynesian economic failure as debt mounts.
PPI gains in October. Commercial real estate price increase. Pension underfunding grows Chicago tops a new list, California cities too.
Japan triple dips into recession, Europe isn’t far behind. Industrial production slips. NY Fed gains but misses expectations.
Retail sales increase, but no change in the last 2 months. Business inventories up. Import and export price fall further into the red.
JOLTS report comes in strong, labor turnover remains low because higher wages hard to find. 3rd quarter earnings season looks to end well.
Mortgage activity slips. Wholesale trade matches expectations. Banksters get fined 4.3 billion for Foreign exchange or FOREX rigging.
Retail sales come in mixed again despite strong jobs growth and economic confidence, California shows a strong budget surplus.
Consumer credit jumps in September led by auto and student loans. Debt in lieu of income remains popular echoed by Blomberg.