Housing starts are expected to increase to an annual pace of 1.030 million in tomorrow’s update for November, according to The Capital Spectator’s median point forecast for several econometric estimates. The projection represents a moderate improvement over October’s 1.009 million units. Three estimates based on recent surveys of economists point to a slightly higher gain…
UPDATE: Standard USDJPY -driven momo bounce off various support levels for S&P… Well that escalated quickly… again. While credit markets were not buying the dead-cat-bounce in stocks and oil this morning (Energy HY >1000bps, HYCDX >400bps), financial media was cock-a-hoop… “the bottom is in.” Well we have a new bottom. WTI Crude futures have tumbled back…
Murmuration The market is a giant living organism of human behavior and trying to predict what the market will do in two weeks, much less twelve months from now, is pure folly. However, by looking at the price trends, and using some statistical analysis, we can garner a view of the direction that the “herd” is most…
Weidmann the Strict BuBa chief Jens Weidmann is complaining about the EU Commission’s decision to eschew confrontation with France over its repeated inability to deliver on its debt and deficit targets, and rightly so. Some people may argue that the French government’s recent willingness to implement some long-overdue, if halfhearted reforms, should be taken into…
“Davidson” submits: Below is the updated chart of the U.S. Energy Information Administration monthly data from 2010- which includes Friday’s report. Link: Two weeks ago I sent the EIA data in chart form with the comment that psychological not logical thinking is roiling the security markets. Where in 2012 fears of “Peak Oil” resulted in a…
Industrial output increased sharply in November vs. the previous month, rising at a rate that beat expectations by a wide margin (+1.3% vs. Econoday.com’s consensus forecast of +0.7%). This morning’s monthly release strengthens the case for expecting that the Federal Reserve will begin raising interest rates next year, perhaps sooner than the mid-2015 forecast that’s been widely…
We have happened upon that time in the investment cycle when investors vastly eschew active management of their assets in favor of a more passive management style. In fact, I read recently 461 Hedge Funds, a hallmark of active investment management, shut their doors in the first half of this year alone. If liquidations continue…
According to a recent research report released by the Cato Institute, Bitcoin could potentially be replaced by other types of crypto-currencies in the near future, which should have better security features and will be less volatile than the current digital currency. The research report added that despite its volatility issues, Bitcoin could play a very important role…
“Oil prices have dropped $50 a barrel. That may not sound like much. But when you take $107 and you take $57, that’s almost a 47 percent decline…!” –James Puplava, The Financial Sense News Network May not sound like much? I guess when you hunker down in the lab with the old slide rule and do…
