Anyone for a double-dip in UK house prices?
And the UK housing market pain continues…Following Monday’s news that UK mortgage approvals fell to an 18-month low in September, comes Thursday’s Nationwide house price index,...
The Great Recession was so 2009
The Business Cycle Dating Committee of the National Bureau of Economic Research has arbitrarily declared something of little real import announced that the Great Recession in...
A scary September…
Pinch, punch, first of the month, Rabbit, Rabbit, Rabbit, and all that.Today is September 1 — and September is the cruelest month — for stocks anyway.The below from Barclays Capital:...
US Q2 GDP revised to 1.6 per cent
A beat for Ben.US second-quarter GDP growth was revised from 2.4 per cent to 1.6 per cent by the Bureau of Economic Analysis on Friday, above a consensus of 1.4 per cent revised growth....
Before Jackson Hole, Part 1: since last we met
It is now 17 days since the eagerly-awaited FOMC statement in which Ben Bernanke announced the plan to re-invest the repayments from the Fed’s MBS holdings into long-dated treasuries....
Dave fires back
Dave Rosenberg has not taken Birinyi Associates’ attack on his bearishness lying down. In fact, Big Dave has taken – like lightning – to his newsletter.First,...
Non-terrible US employment news
Let’s follow the timeline here.At the start of August, economists polled by Reuters expect the next initial weekly claims report (which provides the number of people filing...
US housing: bad to worse, then worse again
We said on Monday to expect more bad news from the US housing market, but we didn’t know it would get so bad so quickly.Following Tuesday’s awful existing home sales numbers,...
Uncooperative QE
Disappointed with the recent slump in equity markets?Blame the Fed. For as Nomura’s rates team note on Wednesday — continuing an FT Alphaville theme — central...
Survivor’s gilt
Following the Philly Fed fail – the yield on ten-year UK gilts punched under 3 per cent on Thursday. First time since the panic days of March 2009:
Philly Fed double-dip disappoints
The Federal Reserve Bank of Philadelphia’s index of business conditions registered a big unexpected fall into negative territory, on Thursday.Here’s the breakdown...
An initial double-dip indicator
Wells Capital Management wants everyone to forget Payroll Friday.The number to focus on as an indicator for the shape of the US recovery, Wells’ chief investment strategist Jim Paulsen says,...
