Finance

Wednesday: GDP, ADP Employment, Job Openings, Pending Home Sales, Fed Chair Powell and More

  • Post category:Finance

by Calculated Risk on 11/29/2022 09:23:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.• At 8:15…

Continue ReadingWednesday: GDP, ADP Employment, Job Openings, Pending Home Sales, Fed Chair Powell and More

Las Vegas October 2022: Visitor Traffic Down Just 0.8% Compared to 2019; Convention Traffic UP

  • Post category:Finance

by Calculated Risk on 11/29/2022 06:34:00 PM Note: I like using Las Vegas as a measure of recovery for both leisure (visitors) and business (conventions).From the Las Vegas Visitor Authority: October 2022 Las Vegas Visitor Statistics With an improving conventions segment…

Continue ReadingLas Vegas October 2022: Visitor Traffic Down Just 0.8% Compared to 2019; Convention Traffic UP

MRU/Retainit sign-ups

  • Post category:Finance

Marginal Revolution University has partnered with a recent Emergent Ventures grantee to build ‘Duolingo for economics’. They’re building a mobile app to help you learn and think about economics more effectively (for free), starting with courses on the fundamentals. You can…

Continue ReadingMRU/Retainit sign-ups

Gates Foundation-Sponsored Alliance for a Green Revolution in Africa Gets Make-Up, Not Make-Over

  • Post category:Finance

Yves here. In a tacit admission of failure, the Gates Foundation is rebranding its Alliance for a Green Revolution in Africa but is not changing its approach all that much. By Timothy A. Wise, Senior Advisor at the Institute for Agriculture…

Continue ReadingGates Foundation-Sponsored Alliance for a Green Revolution in Africa Gets Make-Up, Not Make-Over

President Biden urges Congress to take action to prevent rail shutdown

  • Post category:Finance

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailPresident Joe Biden is urging members of Congress to take action to prevent a "potentially crippling" national rail shutdown. CNBC's Kayla Tausche joins 'Squawk Box' to report.02:415 hours ago

Continue ReadingPresident Biden urges Congress to take action to prevent rail shutdown

Case-Shiller: National House Price Index “Continued to Decline” to 10.6% year-over-year increase in September

  • Post category:Finance

by Calculated Risk on 11/29/2022 09:12:00 AM S&P/Case-Shiller released the monthly Home Price Indices for September ("September" is a 3-month average of July, August and September closing prices).This release includes prices for 20 individual cities, two composite indices (for 10 cities…

Continue ReadingCase-Shiller: National House Price Index “Continued to Decline” to 10.6% year-over-year increase in September

Links 11/29/2022

  • Post category:Finance

🔥‘Siberian unicorn’ once roamed among humans, surviving in Eastern Europe and western Asia until at least 39,000 years ago, around the same time of Neanderthals and early modern humans. pic.twitter.com/SUSJJiyE5A — Nature Is Lit (@NatureIs_Lit) November 28, 2022 Hobo signs and…

Continue ReadingLinks 11/29/2022

Brazil and Argentina Just Agreed to Use Local Currencies for Bilateral Energy Trade, In Yet Another Snub for US Dollar

  • Post category:Finance

When two of the largest countries on the American continent, Brazil and Argentina, agree to establish a bilateral payment system in local currencies, it is worth taking note. As NC readers are well aware (in large part thanks to Michael Hudson’s…

Continue ReadingBrazil and Argentina Just Agreed to Use Local Currencies for Bilateral Energy Trade, In Yet Another Snub for US Dollar

Ukraine Armistice – How the Ukraine Demilitarized Zone of 2023 Will Separate the Armies Like the Korean DMZ of 1953

  • Post category:Finance

Yves here. It may seem an exercise in counting chickens before they are hatched for Russian commentators to be drawing maps about what Ukraine will look like after the winter operations and possible further mopping up. I had a discussion with…

Continue ReadingUkraine Armistice – How the Ukraine Demilitarized Zone of 2023 Will Separate the Armies Like the Korean DMZ of 1953

Guest Contribution: “The Strong Dollar, Global Inflation, and Global Recession”

  • Post category:Finance

Today, we are pleased to present a guest contribution by Steven Kamin (AEI), formerly Director of the Division of International Finance at the Federal Reserve Board. The views presented represent those of the authors, and not necessarily those of the institutions the authors…

Continue ReadingGuest Contribution: “The Strong Dollar, Global Inflation, and Global Recession”

Housing November 28th Weekly Update: Inventory Decreased Slightly Week-over-week

  • Post category:Finance

by Calculated Risk on 11/28/2022 08:57:00 AM Active inventory decreased slightly.  Here are the same week inventory changes for the last four years (usually inventory declines seasonally through the Winter):2022: -4.8K (smaller than usual decrease in inventory)2021: -9.9K2020: -15.1K2019: -18.4KAltos reports…

Continue ReadingHousing November 28th Weekly Update: Inventory Decreased Slightly Week-over-week

Consumer spending remains strong but will be tested in early 2023, says BMO Family Office’s Schleif

  • Post category:Finance

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Carol Schleif, CIO at BMO Family Office, and Ross Mayfield, investment strategy analyst at Baird, join CNBC's 'Squawk Box' to discuss the health of the U.S. consumer this…

Continue ReadingConsumer spending remains strong but will be tested in early 2023, says BMO Family Office’s Schleif

Retail inventories are at the highest point I’ve ever seen, says DHL’s Kraig Foreman

  • Post category:Finance

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Kraig Foreman, North America president of e-commerce at DHL Supply Chain, joins CNBC's 'Squawk Box' to discuss the health of the U.S. supply chain this holiday shopping season.…

Continue ReadingRetail inventories are at the highest point I’ve ever seen, says DHL’s Kraig Foreman

Links 11/28/2022

  • Post category:Finance

Poe vs. Property: A detective story of shifting rationalizations. Cory Doctorow This is the first house 3D-printed from bio-based materials ZME Science Two people left dangling from power lines are rescued after their small plane crashed into a tower in Maryland:…

Continue ReadingLinks 11/28/2022

Michael Hudson Answers Questions on Europe’s Self-Immolation, Fed’s Malpractice, Changing World Order

  • Post category:Finance

Yves here. We trust you’ll enjoy this wide-ranging but compact interview with Michael Hudson on Lebanon’s Almayadeen TV. The topics include Europe’s de-industrialization, the Fed fighting the wrong war and hurting innocent bystanders, the rise of new power blocs, and debt.…

Continue ReadingMichael Hudson Answers Questions on Europe’s Self-Immolation, Fed’s Malpractice, Changing World Order

*The Fabelmans*

  • Post category:Finance

From the preview I feared it might be unwatchable, but it far exceeded expectations.  This story of Spielberg’s own childhood life (a risky premise for a sentimentalist!) is one of the best Spielberg movies, one of the best movies about America…

Continue Reading*The Fabelmans*

Behind the Balance Sheet

  • Post category:Finance

(You may think this caricature is goofy, but I find it generous in its depiction) I recently sat down to chat with Stephen Clapham, who hosts the Behind the Balance Sheet podcast. Audio is at Spotify and iTunes. Normally during podcasts,…

Continue ReadingBehind the Balance Sheet