Despite Higher GDP, U.S. Economic Data Continues to Disappoint: Episode 26

Despite Higher GDP, U.S. Economic Data Continues to Disappoint: Episode 26

Despite Higher GDP, U.S. Economic Data Continues to Disappoint: Episode 26
Missing expectations on all economic indicators

* Chicago Fed index .14
* PMI flash services 56.3
* Dallas Fed Manufacturing 10.5
* Case Shiller Index slows down to 4.9%
* Consumer Confidence number down to 88.7M
* Oil prices continue to fall
* Big drop in Richmond Fed 75% below estimate
* Optimism fueled by debt, consumption and bubbles

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Episoder(1120)

Brexit Is Not The Reason;  It’s The Catalyst – Ep. 176

Brexit Is Not The Reason; It’s The Catalyst – Ep. 176

* The British actually voted to leave the EU and it wasn't even that close * I think by midnight last night EDT it was obvious that Leave was going to beat Remain * I think it ended up 52% voting to...

25 Jun 201630min

Janet Yellen Doesn’t Know Murphy’s Law – Ep.175

Janet Yellen Doesn’t Know Murphy’s Law – Ep.175

* I'm on vacation this week but I did take a little time out to little time out to listen to Janet Yellen's semi-annual "Humphrey-Hawkins" testimony - she testified first before the Senate, that was y...

23 Jun 201622min

Alien Invasion More Likely Than July Rate Hike – Ep.174

Alien Invasion More Likely Than July Rate Hike – Ep.174

* Gold closed the week at the highest weekly close since January of 2015 * Not quite above the $1300 benchmark - I think we closed about $1298 - up about $20 on the day * Intra-day yesterday, gold w...

17 Jun 201631min

Brexit Not The Reason Fed Won’t Hike In June – Ep. 173

Brexit Not The Reason Fed Won’t Hike In June – Ep. 173

* This is the week of the June FOMC meeting, although it's really going to be a dud * For a while there was speculation that the Fed was going to pull the trigger and increase interest rates for the ...

14 Jun 201635min

Government Schools Dumb Down The Electorate – Ep.172

Government Schools Dumb Down The Electorate – Ep.172

* Janet Yellen spoke yesterday and this was the first time she spoke following the release of the much weaker than expected Non-Farm Payroll report that we got on Friday * Not only was the month of M...

8 Jun 201639min

May Jobs Report Takes June Rate Hike Off The Table – SchiffReport

May Jobs Report Takes June Rate Hike Off The Table – SchiffReport

* It was a few weeks ago, following the release of the FOMC meetings, in which the various governors appeared quite hawkish in their tone * They were talking about the resurgent U.S. economy, the str...

4 Jun 201628min

Yellen Loves Economics; Too Bad She Doesn’t Understand It – Ep. 171

Yellen Loves Economics; Too Bad She Doesn’t Understand It – Ep. 171

* Well the tone and tenor of the discourse of the various market pundits and Wall Street economists seems to be that this recovery is on track * I guess there were some doubts about the recovery unti...

1 Jun 201624min

Stock Market Bulls Charge Again On “Rate Hikes Don’t Matter” – Ep. 170

Stock Market Bulls Charge Again On “Rate Hikes Don’t Matter” – Ep. 170

* It really is amazing how short memories are on Wall Street * This seems exactly like December when everybody was convinced that a rate hike wouldn't matter because the economy was improving and the...

25 Mai 201628min

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