More Fed Confessionals; Funny Oil Videos; In Search of Bullard; Inflation Expectations
Another Fed ConfessionalIn reference to oil, San Francisco Fed president John Williams admits "We Got It Wrong". Click on the link for a video submitted...
Author : Mish Global Economic Trend Analysis
Manufacturing Inventories Decline But Inventory-to-Sales Ratio Doesn’t Budge; Another Recessionary Looking Chart
GDP estimates for fourth quarter will undoubtedly decline after today's series of miserable economic reports.Icing on the miserable cake comes from the commerce department report...
Producer Prices Decline More Than Expected, Services Disappoint; Oil Approaches $29
Producer prices are down again this month followed by an unexpected rise last month. If oil prices stick, expect more of the same next month.Crude...
Industrial Production Numbers and Revisions Shockingly Bad; Autos Have Peaked
Not only was December industrial production an awful -0.4%, November was revised lower from -0.6% to -0.9%.Not to fear, economists blame the weather for much...
Empire State Manufacturing Index Posts Horrific -19.37, Lowest Reading Since April 2009
Economic data today was awful, at best. Retail Sales Were Negative, and that was arguably the best report. Let's now take a look at the...
December Retail Sales Negative; Other Economic Data Horrid
Despite glowing reports of last minute Christmas sales, none of which I believed, December retail sales are best described as awful.Apparel was a standout, down...
Corporate Bond Rates Go Negative in Japan; No End to Central Bank Madness
Companies in Japan now get paid to borrow money. In what may be the biggest central banks sponsored bond lunacy yet, BOJ's Negative Corporate Bonds...
Illinois Too Big a Risk: GE Moves Corporate Headquarters to Boston, Bypassing Chicago Citing Litany of Issues
Chicago was allegedly in the running for GE's corporate headquarters after the company decided to relocate from Fairfield, Connecticut where it had been located since...
Irate German Politician Busses 31 Refugees to Merkel’s Office
You Welcomed Them, You Take ThemGerman politician, Peter Dreier, decided to take matters into his own hand today regarding the refugee crisis.Dreier took 31 refugees...
Deflationary Pressures Mount: Export Prices Sink 1.1%, Import Prices Sink 1.2%
Export and import prices continued the collapse today according to the latest BLS Data. Export prices fell 1.1%, over double the Econoday consensus estimate of...