Q3 GDP: Here come the upward revisions
Next Thursday, the BEA will release the second estimate of Q3 GDP. The consensus is GDP will be revised up to 2.8% annualized growth, from...
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China not crash landing
While the U.S. was gorging on turkey, China printed the highest HSBC Flash PMI in 13 months and looks to be ending a 7 quarter...
Still follow the BRICS road?
A recent in Foreign Policy Magazine asked whether or not the BRICS nations are the future of the global economy. While the article acknowledges that...
It’s No Wonder People Don’t Understand the “Public” Debt
The problem is that even in standard economists’ usage, “public” is used in two different ways: 1. “Public” debt: debt owed by the government. In...
Weekly Initial Unemployment Claims decline to 410,000
The DOL reports: In the week ending November 17, the advance figure for seasonally adjusted initial claims was 410,000, a decrease... 41,000 from the previous...
Housing Starts at Four Year High on Multi-Family Units
The Commerce Department reported(.pdf) that housing starts rose to their highest level since July 2008 and building permits saw their second highest reading in over...
Starts and Completions: Multi-family and Single Family
Starts and Completions: Multi-family and Single Family by Bill McBride on 11/20/2012 09:56:00 AM Ten months of the way through 2012, single family starts are on...
U.S. Dollar Poised to Move on the Peso and Real
While the Peso has strengthened back below its 200 day MA, it remains in a well defined trend channel from the October low and resistance...
GOME: Emerging market stock of the day
Chinese electronic retailer GOME ( GMELY , quote ) struggled in Hong Kong trading after reporting sub-par earnings Monday. Chinese retailer GOME could return to...
Crude Steady After Big Gain, France Gets Cut
The price of crude oil was holding on to its previous session's gains Tuesday morning even as Moody's on Monday stripped France of its triple...