Toys R Us, along with several other retail stores like Macy’s, Sears, JC Penney (not to mention Limited Stores), are literally “Out of Time.
At least the US Federal Reserve has been raising its target rate, albeit slowly, to 1.5%, The European Central Bank (ECB) has left its main refinancing rate at 0% since early 2016. And Bank of Japan’s key interest rate is … Continue reading →
The Federal Reserve of New York just released their weekly System Open Market Account Holdings report. The Federal Reserve Balance Sheet actually grew by $705 million (rather than shrink as Janet Yellen indicated a few months ago).
Freddie Mac’s 30 year committment rate keeps rising and …
New home sale figures are out for December and they showed a Month-over-month (MoM) decline of -9.3%.
Last night I attended a speech by Heritage Foundation Distinguished Visiting Fellow and Trump adviser Stephen Moore. He is a very optimistic and dynamic speaker and challenged the audience to find one thing that is not going in a positive … Continue reading →
December existing home sales, according to the National Association of Realtors, fell -3.6% from the previous month.
Jerome Powell has been approved by The US Senate as new and improved Federal Reserve Chair. Well, at least the new Chair since I think he will just continue the same policies as former Chairs Ben Bernanke and Janet Yellen.
It is quite a start to the New Year! Goldman Sachs issues a warning over extreme levels of risk appetite while, at the same time, cash flows are slowing.
There was a misleading headline on Yahoo Finance entitled “Stocks did better in Obama’s first year than in Trump’s” The stock market has rallied during Donald Trump’s presidency, with the S&P 500 up nearly 24% during Trump’s first year