It’s NOT a wonderful day in the economic neighborhood.
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?
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.
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.
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.
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.
According to Moody’s, the number of retailers defaulting on loans hit a record high in the first quarter of 2018
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.
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…
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.