Call it rebound from the horrible hurricanes in Texas, Florida and even Georgia. The October Industrial Production numbers are out and IP YoY climbed to 2.88%. Capacity utilization rose to 77%, although it is still below the Fed target (not … Read on →
Recently, the Hindenburg Omen has been flashing red, signifying a coming stock market correction. But the Omen has flashed several times since 2008 and nothing has happened.
As Bruce Springsteen sang, “We’re goin’ down!” At least the US Treasury curve contines to flatten and real weekly earnings growth YoY continues to decline.
The US Treasury 10Y-2Y curve slope declined to the lowest level since early November 2007. One good reason is the Core PPI YoY is surging!
The crypto-currency Bitcoin just plunged over 1,000! The NYA seems to be experiencing a Hindenburg Omen moment of its own.
The University of Michigan Consumer Survey wasn’t good news for housing.
Chicago is truly “the Puerto Rico of The Plains.” Deep, deep in debt (declining population, rising expenditures). In a frantic move to raise their bond rating, Chicago is doing what the late David Bowie did back in 1997
BB King sang it best with “The Thrill Is Gone.” Now that hopes for tax reform are gone (probably for a year), the US Treasury 10Y-2Y curve slope remains below 80 basis points.
M2 Money Velocity (GDP/M2 Money Stock) actually rose in Q3 2017 to 1.4282. At least it rose above the all-time from Q2 of 1.428. As M2 Money growth continues to be >2x real GDP growth YoY. Yet momentum in the … Continue reading →
The SPX volatility index VIX is near an all-time low as The Federal Reserve attempts to raise their target rate and unwind their $4.46 trillion balance sheet. The question remains as to how further rate increases and balance sheet unwinding … Continue reading →