It’s NOT a wonderful day in the economic neighborhood.
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Fear! State Pension Funds Reported $1.4 Trillion Deficit In 2016 (State Plans Disclosed Assets Of Just $2.6 Trillion To Cover Total Pension Liabilities of $4 Trillion)
by confoundedinterest17 •
It should be pretty simple. The state withholds funds from your paycheck and invests for your retirement. But do you really trust government to do this properly?
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“Underlying Inflation” hottest since July 2006 (3.14%) While Core PCE Prices YoY Still Stuck At 1.6%
by confoundedinterest17 •
The New York Fed’s Underlying Inflation Gauge (UIG) is the hottest since 2006 at 3.14%. The FRBNY’s Underlying Inflation Gauge captures sustained movements in inflation from information contained in a broad set of price, real activity, and financial data.
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Surprise, Surprise, Surprise! Europe Economic Surprise Index Craters and Russian 5Y CDS Spikes
by confoundedinterest17 •
Surprise, Surprise, Surprise! Combine Vlad “The Impaler” Putin, Syria, Brexit, trade jitters and the European banking continuing woes and you get … a catering of Europe’s economic surprise index.
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10 Years After: Where are the GSEs 10 Years After the Financial Crisis?
by confoundedinterest17 •
Meghan Milloy at American Action Forum has an interesting piece today entitled “Where are the GSEs 10 Years After the Financial Crisis?” It reminds me of Ten Years After’s “I’m Going Home.” But in the case of mortgage giants, Fannie Mae and Freddie, the song should be titled “They’re Going Nowhere.
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Treasury Curve Keeps Flattening As Core Inflation Rises To … 2.1% (Rent Inflation Rises To 3.3% YoY)
by confoundedinterest17 •
The trend on core inflation from the Consumer Price Index (CPI) is increasing, but is still at only 2.1% YoY and 2.4% YoY for CPI.
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Retail defaults hit record high in first quarter, Moody’s says
by confoundedinterest17 •
According to Moody’s, the number of retailers defaulting on loans hit a record high in the first quarter of 2018
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March “Core” Producer Price Index Up 2.7% YoY, Highest Since November ’11 (Inflation Feeling Hot, Hot, Hot!)
by confoundedinterest17 •
The Producer Price Index is out for March and its feeling hot, hot, hot. “Core” PPI Final Demand is up to 2.7%, the highest since November 2011.
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Danger! Chapter 11 Bankruptcies Jump 63% From 1 Year Ago To April 2011 Levels
by confoundedinterest17 •
Chapter 11 bankruptcies in the US spiked 63% year-over-year in March to 770 filings, the highest number of filings for any month since April 2011 (when there had been 789 filings as companies were still trying to emerge from the Great Recession), based…
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Bad Omen for Markets From First Signs of Yield Curve Inversion (Q1 Auto Registrations YoY Down To -12.2%, Lowest Non-Recession Reading Since 1989)
by confoundedinterest17 •
There are troubling signs in the US economy, not the least of which is the lowest YoY growth in US automobile registrations (non-recession) since 1989. Another troubling sign is the possible yield curve inversion.
