Things go from bad to worse in the Ukraine, China, Japan and England. Louisiana warns on its unsustainable pension crisis.
Posts under ‘Daily Market Comment’
Q4 2013 Fed flow of funds is out, consumer debt is increasing. February job gains total 175,000. Trade deficit is up to 39.1 billion.
More significant economic data series misses and large downward revisions to previous months. Has the change in economic trend arrived?
ISM services index misses. Chicago credit rating cut to near junk. John Hussman figures stocks are overvalued and earnings questionable.
Mortgage origination plunges but all cash sales are keeping the party going for now. Move up buyers are absent?
Economic data beats expectations to begin the week but the markets fall hard do to the deteriorating geo-political situation in the Ukraine.
Q4 GDP gets cut to just 2.4%, 2013 total GDP falls to 1.7%, less taper? Chicago PMI improves fractionally. Europe faces deflation.
Kansas City Fed meets expectations. All cash institutional investors in the buy to rent space are starting to run for the exits.
New home sales rebound in January despite the bad weather. Mortgage activity drops to a nearly 2 decade low. A recovery with falling income?
Case/Schiller reports higher real estate prices in 2013 but momentum is slowing and declines reappearing. Richmond Fed misses big.