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Q3 GDP Misses Expectations, Tumbles To 1.5% On Sliding Inventories
The long awaited inventory correction is finally arriving. Moments ago the BEA reported preliminary Q3 GDP, which at 1.49%, missed both sellside consensus expectations of 1.6%, and tumbled from the...
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Futures Fade Overnight Ramp After BOJ Disappoints, Attention Returns To...
Back in September we explained why, contrary to both conventional wisdom and the BOJ’s endless protests to the contrary, neither the BOJ nor the ECB have any interest in boosting QE at this – or any...
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‘Lipstick’-ing The GDP Pig Amid An Epochal Global Deflationary Swoon
Submitted by David Stockman via Contra Corner blog, The talking heads were busy this week powdering the GDP pig. By averaging up the “disappointing” 1.5% gain for Q3 with the previous quarter they were...
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Goldman’s 4 Word Summary Of Q3 Earnings Season: “Adequate Earnings, Dismal...
Haven’t bothered to check in on the third quarter earnings season (which at this rate will mark the first two back-to-back quarters of earnings declines since 2009, aka an earnings recession)? Then...
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Volatility Traders Aren’t Buying The Rally
Submitted by Lance Roberts via STA Wealth Management, Strong October Leads To… Following the sharp August and September correction, the markets have advanced roughly 17% in less than three months....
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Economic Theory Meets Main Street Reality
Submitted by Lance Roberts via STA Wealth Management, Since the end of the financial crisis, there has been an ongoing debate about the economy. However, the debate I am speaking of is not between...
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It Might Be A “Services Economy” But Manufacturing Drives Recessions
Submitted by Lance Roberts via STA Wealth Management, There has been a bit of chatter going on lately about the divergence of the services sector from the manufacturing sector of the economy. This note...
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Global Stocks Slide, Futures Drop After Turkey Shoots Down Russian Warplane
It had been a relatively quiet session overnight, with German GDP reported in line as expected, and attention focused on the second revision of US Q3 GDP in a few hours, when as reported previously,...
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Q3 GDP Revised Higher As Inventories Surge Again, Personal Consumption...
A month ago the US economy was said to have grown only 1.5%, driven by a long-overdue and perhaps welcome correction to inventories. Moments ago we got the first revision to the Q3 GDP, which as...
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3 Things: Recession, Retail-less, Stupidity
Submitted by Lance Roberts via RealInvestmentAdvice.com, The Rising Risk Of A Recession It is often said that one should never discuss religion or politics as you are going to wind up offending...
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On The Important Role Of Recessions – Austrians Had It Right
Submitted by Lance Roberts via RealInvestmentAdvice.com, My friend and colleague, Michael Lebowitz of 720 Global Research, recently penned a response to Larry Summers commentary on the economy’s...
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The Fed Never Solved The Mystery Of The “Missing Inflation”, And Now It Has A...
Back in June, this website first “solved” the “mystery” behind America’s missing inflation, when we showed that a record number of US renters are unable to afford housing, suggesting that record...
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Futures Rise, Drop, Then Rise (And Fall) Again In Illiquid Session After...
It has been a seesaw session with U.S. stock index futures following their dramatic buying burst in the last half hour of market trading yesterday by first rising, then falling, then rising again...
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US Economy Grew At 2.0% In Q3 In Final Estimate; Massive Inventory Overhang...
In today’s anticlimatic economic print of the day, moments ago the BEA reported that Q3 GDP declined from 2.1% as per the first revision reported a month ago to 1.97%, fractionally higher than the 1.9%...
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Commerce Department Releases Consumer Spending Data Early – Worst YoY Growth...
In yet another government SNAFU, the US commerce department has released spending data prematurely. Instead of tomorrow morning, its website released the data at 1923ET.. and it is not good. Despite a...
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Personal Income, Spending Increase By 0.3% In November As Savings Rate Dips...
While we already knew last night courtesy of a leak by the BEA that personal spending in November rose by 0.3%, in line with expectations and up from a 0.1% increase the month before, moments ago we...
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US Economy – A Year-End Overview
Submitted by Pater Tenebrarum via Acting-Man.com, Hiking Into a Slowdown It becomes ever more tempting to conclude that the timing of the Fed’s rate hike was really quite odd, even from the perspective...
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2015 Greatest Hits: Presenting The Most Popular Posts Of The Past Year
One year ago, when looking at the 20 most popular stories of 2014, we were troubled by a recurring thread: “despite the just concluded 6th consecutive year of a rising S&P 500 – the longest such...
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The Fed’s New Mandate
Submitted by Thad Beversdorf via FirstRebuttal.com, Let me say it has been a couple months since I’ve felt compelled to post which may account for the length of this latest piece but I hope and believe...
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ZeroHedge: Why Dip Buyers Will Get Clobbered: The US Economy Isn’t Doing...
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Submitted by David Stockman via Contra Corner blog, As of June 2008 no Wall Street banking house was predicting...
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