
Pending Home Sales Sink 2.5 Percent, Economists Expected Plus 0.5 Percent
• mishtalk.comThe pending home sales report was a shock to economists this morning. The Econoday Consensus estimate for existing home sales was a rise of 0.5 percent.
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The pending home sales report was a shock to economists this morning. The Econoday Consensus estimate for existing home sales was a rise of 0.5 percent.
S&P 500 extends climb after factory, construction data Treasuries retreat with yen as demand for havens wanes
'Who Owns the Future?'
Add the juggernaut that is Donald J. Trump to the list of what-ifs that is worrying Wall Street.
Hedge Funds Most Bullish In One Year, 'Real Money' Most Bearish
Becoming Bullish?...An interesting fact has hit the newswires earlier this week, as the Dutch Central Bank confirmed it was looking to (temporarily?) move its gold reserves to another secure location.
We have previously documented how, with the fourth quarter earnings season almost completed, Q4 EPS are poised to drop by 3.3% Y/Y, making this the third consecutive quarter of declining year over year earnings, in other words an earnings recession a
Reader Henrique from Brazil asks "Can you please explain in simple layman terms why zero or negative interest rates are bad? What should the interest rate be?"
13 Of The Biggest Retailers In America Are Closing Down Stores
On February 16th, The Washington Post printed the article, "It's time to kill the $100 bill." This came on the heels of a CNNMoney item, the day before, entitled "Death of the 500 euro bill getting closer."
"Everybody should be worried.. and be prepared," warns legendary investor Jim Rogers, as he sees the market "facing a bigger collapse than in 2008," and the central banks will be unable to kick the can much longer.
Todays "Chart of the Day" from The Economist makes an attempt to show that gold isn't doing any better when it comes to preserving buying power than currencies such as the Swiss Franc (CHF) or the Japanese Yen (JPY). Roy Sebag, co-founder of Bi
Uh oh - here we go again.
In his latest must read presentation, Citigroup's Matt King continues to expose and mock the increasing helplessness and cluelessness of central bankers, something this website has done since 2009 knowing full well how it all ends (incidentally not i
"It's a big club and you ain't in it!"
"It's a big club and you ain't in it!"
With the Services economy now joining the manufacturing sector in recession - with both employment components collapsing - one may be surprised to see initial jobless claims hovering back near 42-year lows...
By now, regular readers are familiar with the eight-year, bubble-and-crash cycles in our markets and economies which are manufactured by the crime syndicate known as "the One Bank." The reason the cycles are roughly eight years long has also been
By now, regular readers are familiar with the eight-year, bubble-and-crash cycles in our markets and economies which are manufactured by the crime syndicate known as "the One Bank." The reason the cycles are roughly eight years long has also been
New Home Sales Report Dismal Many Ways
Daniel Pinto, CEO of JPMorgan's corporate and investment bank, just made a gloomy prediction for Wall Street.
Did you know that there are some U.S. states that have already officially fallen into recession?
Retail sales in Canada fell 2.2% in December from November on a seasonally adjusted basis, but not adjusted for inflation, to C$43.2 billion … But just because retail demand is crummy doesn't mean that retail prices can't power higher.
Operating under the mistaken belief that a modest dose of inflation is either a prerequisite for, or a by-product of, economic growth, the nation's top economists have been assuring us for quite some time that inflation will stay very low until the
The sea stretched toward the horizon last New Year's Eve as the Theo T, a red-and-white tug at her side, slipped quietly beneath the Corpus Christi Harbor Bridge in Texas. Few Americans knew she was sailing into history.
Operating under the mistaken belief that a modest dose of inflation is either a prerequisite for, or a by-product of, economic growth, the nation's top economists have been assuring us for quite some time that inflation will stay very low until the
Back in August, we warned that things were about to get much worse for Standard Chartered, whose EM focus makes the bank especially vulnerable to the ongoing downturn in commodities and the generally poor outlook for the emerging world in an environm
Quietly as an aside in a speech, the Head of the Bank of Japan, Haruhiko Kuroda, confessed that QE has little if any impact on GDP growth. I touched upon this issue previously, but I want to reiterate it here because it is absolutely ASTOUNDING.
Back in October we posted the following image on the way to introducing a new mortgage product co-sponsored by Quicken and Freddie Mac.
For the likes of Paul Krugman, the Riksbank provides a cautionary tale for central banks wary of committing so-called "policy mistakes."