Based on a WardsAuto estimate, light vehicle sales were at a 18.03 million SAAR in September. That is up almost 10% from September 2014, and up 1.7% from the 17.7 million annual sales rate last month.Labor day was included in September this year, and that probably pushed sales over 18 million. Show More Summary
Curve Watcher's Anonymous points out 3-month treasury yields dipped briefly negative on several days recently.Yield on the 3-month bond was negative again today. Here is a table I put together with Treasury Yield Quotes from Bloomberg.Treasury Yields vs. Show More Summary
[Over at Equitable Growth]: [Health Economists' Keep-the-Cadillac-Tax Letter](http://www.cbpp.org/sites/default/files/atoms/files/cadillac_tax_letter.pdf): October 1, 2015 The Honorable Orrin G. Hatch Chairman Committee on Finance United States Senate The Honorable Paul D. Show More Summary
John Williams, chief of the San Francisco Federal Reserve Bank, happens to have the same name as the guy who wrote the music for the Star Wars films. Judging from his speeches of late, the Fed’s own Williams is something of a sci-fan himself. Thursday in Salt Lake City he borrowed from the iconic greeting […]
Today's Water Cooler: TPP and ISDS, fun with Clinton email, stats (domestic and foreign), asthma, plastic eating worms, froth in the Valley
Pro-independence parties in Spain won an outright majority in the Catalonia regional election. The open issue was whether or not the two parties could come to terms and form a government.Election Final ResultsNote that prime minister Mariano Rajoy's PP party only got 8.5% of the vote. Show More Summary
Defending the indefensible.
As we venture deeper into election season, here's a guiding principle for thinking about the contest that I feel everybody should keep in mind: For the most part, Hillary Clinton's and Bernie Sanders' economic ideas don't matter very much. Show More Summary
September layoffs surged as U.S.-based employers announced plans to slash 58,877 jobs. The post September Layoffs Surge 93% as Hewlett-Packard Slashes 30,000 Jobs appeared first on The Wall Street Examiner. Follow the money! See andShow More Summary
Debt, not equity, is the real China Fault Line, even if tremors are rocking its stock markets: The post Emerging Markets Debt v Equity appeared first on The Wall Street Examiner. Follow the money! See and understand the liquidity flowing...Show More Summary
Bloomberg's @M_McDonough just posted a fresh chart for major global stocks indices rebased to the start of 2015:The scary bit is that this is in own-currency terms and that the rot is well beyond the EMs and China. The post Of global equities and Gold appeared first on The Wall Street Examiner. Show More Summary
A new report notes close to 60,000 jobs were eliminated last month, with most of those pink slips issued in the energy and computer sectors
Investors await latest U.S. jobs data on Friday to judge impact of slowing growth on the American economy
Reis released their Q3 2015 Office Vacancy survey this morning. Reis reported that the office vacancy rate declined to 16.5% in Q3, from 16.6% in Q2. This is down from 16.8% in Q3 2014, and down from the cycle peak of 17.6%.From Reis...Show More Summary
Two posts on housing. First, how will an increase in interest rates impact mortgage markets?: The costs of interest rate liftoff for homeowners: Why central bankers should focus on inflation, by Carlos Garriga, Finn Kydland, and Roman Šustek: The Federal...
A simple analysis of Reuters poll data suggests we’re not about to get a burst of U.S. wage inflation just yet.
While the breakfast sandwich is as hot as ever, Dunkin’ Donuts is looking at a tepid next several months. The company said Thursday at an investor presentation in New York that it plans to close 100 stores in the United States—representing approximately 0.1 percent of its sales nationwide—over the next 15 months. Show More Summary
The ISM is positive at 50.2, but barely above the 50.0 break-even mark, and a bit below the Bloomberg Consensus Estimate of 50.5. The ISM index, like nearly all other September indications, is pointing to trouble for the factory sector. Show More Summary
For a long time, I have been making the argument that part of the reason for the inequality problem is distortions in the distribution of income driven by market imperfections such as monopoly power that allows prices to exceed marginal...
Carmaker's September numbers defy a widely anticipated decline after revelations it had cheated on diesel-emissions standards