Opinions Uncensored

Monday Night Futures

Weekend:• Schedule for Week of Jan 15, 2017Tuesday:• At 8:30 AM ET,The New York Fed Empire State manufacturing survey for January. The consensus is for a reading of 8.0, down from 9.0.From CNBC: Pre-Market Data and Bloomberg futures: S&P futures are down 3, and DOW futures are down 28 (fair...

Bank Failures by Year

In 2016, five FDIC insured banks failed. This was the lowest level since 2007.Most of the great recession / housing bust / financial crisis related failures are behind us.The first graph shows the number of bank failures per year since the FDIC was founded in 1933. Click on graph for larger...

Krugman: "Infrastructure Delusions"

From Professor Krugman: Infrastructure DelusionsBen Bernanke has a longish post about fiscal policy ... Notably, Bernanke, like yours truly, argues that the fiscal-stimulus case for deficit spending has gotten much weaker, but there’s still a case for borrowing to build infrastructure:When I...

Schedule for Week of Jan 15th

The key economic reports this week are Housing Starts, and the Consumer Price Index (CPI).For manufacturing, December industrial production, and the January New York, and Philly Fed manufacturing surveys, will be released this week.Speeches by Fed Chair Janet Yellen are scheduled on Wednesday...

Preliminary January Consumer Sentiment at 98.1

The preliminary University of Michigan consumer sentiment index for January was at 98.1, down slightly from 98.2 in December.Consumer confidence remained unchanged at the cyclical peak levels recorded in December. The Current Conditions Index rose 0.6 points to reach its highest level since...

Retail Sales increased 0.6% in December

On a monthly basis, retail sales increased 0.6 percent from November to December (seasonally adjusted), and sales were up 4.1 percent from December 2015.From the Census Bureau report:Advance estimates of U.S. retail and food services sales for December 2016, adjusted for seasonal variation and...