A Rough Sketch For Hong Kong, China, Maybe A Lot More
What we know about what’s going on in Hong Kong is limited. That’s a real shame because I have no doubt what has been transpiring is important for a lot more than Hong Kong and [...]
The Home Builder Rationalization
Home construction rebounded in January 2018, though that may have been nothing more than statistical noise. Total permits filed to build new residential structures totaled 1.396 million (SAAR) last month, up from a revised 1.300 [...]
Escalation(s) TIC
According to the US Treasury Department’s Treasury International Capital (TIC) report, foreign private holders of UST’s had been selling them steadily in the last quarter of last year. Estimates including those just released for December [...]
Escalation(s)
This is the Year of the Dog, or it will be starting tomorrow across Asia. Tonight marks the opening of celebrations for China’s Spring Festival Golden Week. These weeklong breaks in Chinese contributions to the [...]
US IP On The Other Side of Harvey and Irma
Industrial Production in the US was revised to a lower level for December 2017, and then was slightly lower still in the first estimates for January 2018. Year-over-year, IP was up 3.7%. However, more than [...]
Real Weekly Earnings Down Since 2015, But The Economy Is Hot Anyway?
It’s always cute when most commentary is left hanging with “better than expected.” The straight fact is that the US CPI was lower for the second consecutive month, but since it wasn’t as low as [...]
The Other Side of Harvey and Irma
Retail Sales in January 2018 rose by a little over 5% year-over-year. That followed sharp downward revisions to December, where in the biggest retail month of any calendar sales are now thought to have gained [...]
Stay In Touch