Second quarter GDP was revised slightly higher by .2 percentage points to 3.9%. That boost came on the back of an increase in consumer spending and a boost in business investment in the quarter. As this new data rolls in, we get at least four revisions to GDP. That’s good for the retrospective view of […]
Although not all of the trip details were disclosed, Israeli Prime Minister Benjamin Netanyahu reportedly developed a set of routines that would prevent an Israel/Russia accidental confrontation over Syria as both countries (plus the United States) start to engage ISIS there.
The world has been somewhat focused on the Federal Reserve and whether it will take a hike or not. Sure, that’s an economic factor, but one that has far-reaching implications and it has dominated conversation and news time. But, there is something brewing that we don’t completely have our fingers on, but we’ll bet it […]
It is difficult to keep track of everything happening in the pure electric auto market. The Tesla has been the quintessential model in this line, boasting one of the only perfect scores ever given out to a vehicle by Consumer Reports. But it might be the Porsche announcement and unveiling of the […]
The shortened week of data doesn’t mean these reports will be any less important and one could even argue they are that much more vital given the decision the Fed will make soon. The most important release as far as rates are concerned will be the one that looks at inflation. The expectation is there […]
To begin with the nomenclature is not all that accurate. The reference has been to migrants and that seems to imply that these waves of desperate people are similar to those who have been trying to make their way to Europe for decades as they seek jobs and economic opportunities. This is not the population […]
For nearly a decade the Middle East and North Africa have been deteriorating but nothing matches the accelerated pace of chaos that threatens to engulf a Europe without the resources to cope. Tens of thousands of desperate refugees are flooding into the southern states of Europe seeking some kind of asylum or escape. They come […]
Of course they do. Part of the challenge right now is that China never acts the way that other nations act. This is a country that straddles the divide between a market driven system and one that reacts to the edicts of the planners. China is in transition and nobody really knows exactly what that […]
The TranSystems Transportation Activity Index report for July was released this week, and we saw month-over-month and year-over-year weakness across every component tracked. All but one of the modes of transportation was still in “contraction” territory based on this index (anything below 50 is contracting). This index measures demand for transportation services and it takes […]
Chris and I both hit the Yuan devaluation pretty hard, you get it. There are a couple of things that happened to oil prices today that need to be understood, because there are multiple analysts who now see oil falling below $40 a barrel, some calling for the low $30’s before it stops and reverses.