Fed Funds Effective Rate Shows Fed Did Indeed Hike by 25 Basis Points
I was on record stating a belief the Fed would effectively hike by 1/8 point. I had that belief because that is what the Fed...
Author : Mish Global Economic Trend Analysis
Kansas City Manufacturing Region Back In Contraction, Employment in Severe Contraction
The Kansas City manufacturing index is back in contraction as expected in this corner after a brief wonderland experience last month that took the diffusion...
Yield Curve and Spreads: Fed’s Real Policy Error in Pictures; What’s Next?
Inquiring minds may be interested in a detailed look at the yield curve and spreads between various durations following the Fed's Wednesday rate hike. Let's...
Massive Collapse in Trucking Shipments for Seven Straight Months
A chart of the DAT freight index posted on CCJ Indicators shows a massive, ongoing collapse in trucking shipments."Spot freight falls 15 percent: The amount...
Saxo Bank’s Real Forecast for 2016; Mish Comments and Projections
Steen Jakobsen, Saxo Bank's CIO and chief economist is back with real predictions for 2016, following yesterday's "Outrageous Predictions".Important Notes What follows is a guest...
Philly Fed Back in Contraction, Index Below Any Economist’s Guess
Ho hum. Another manufacturing report, and another debacle. The Philly Fed report came in much worse than expected and is back in contraction at -5.9,...
Sam Zell Warns Recession Coming, Provides Opinions on 22 Topics Including Fed Tools, Equities, Real Estate, Energy, China, Brazil, Mexico, Climate Change
Wednesday morning, Sam Zell, billionaire chairman at Equity Group Investments, spoke with Stephanie Ruhle and David Westin on Bloomberg's "GO" TV.Zell discussed a wide variety...
Paradigm Change: Saxo Bank’s Ten Outrageous Predictions for 2016: Slide Show
Every year, Saxo Bank CIO and chief economist Steen Jakobsen comes up with a selection of "outrageous" predictions for the new year. Note: This is...
Fed Hikes: Range Moves to 1/4 to 1/2 Range; Fed Signals Four More Hikes in 2016
Today, the Fed hiked by 1/4 point as widely expected, and signaled. Here is a snip from the Fed's StatementThe Committee judges that there has...
Industrial Production Declines Most in 3.5 Years, Down Eighth Time in Ten Months
Industrial production shocked to the downside this morning with a drop of 0.6%, the most in 3.5 years vs. an Econoday Consensus guess of -0.2%....