The ISM Non-Manufacturing Index strengthened in October. Markit's Service PMI weakened.
FRED, the St. Louis Fed data repository, has added 286 new indicators of uncertainty.
I compared apartment prices as determined by the Rent Cafe to shelter indexes in the CPI.
Both the Tories and Labour are picking up votes. Who is winning in the exchange?
Car sales in October were unexpectedly weak. Domestic car sales were even worse.
After more than a decade, Waymo's driverless ride-hailing service is open to customers. For now, it's free.
Chicago Mayor Lori Lightfoot and the Teachers Union reached agreement on a deal sure to send Chicago over the cliff.
Former Fed Chairman Alan Greenspan just provided a sound reason to expect a recession sooner rather than later.
Here's the 6 most recent Tory poll results: 40, 36, 34, 36, 41, 36. Is there a trend? Yes, you have to dig to find it.
After suggesting he would stand aside in hundreds of localities, Nigel Farage seemingly reversed course today.
The manufacturing sector entered its third month of contraction with production falling faster.
Job growth was a modest 128,000. The unemployment rate ticked up to 3.6%. Revisions added 95,000.
Brexit Party leader Nigel Farage interviews trump. Let's tune in.
The Chicago PMI took a steep dive in two months to 43.2. New orders declined to 37 and backlogs to 33.1.
The UK election campaign is underway. Labour leader Jeremy Corbyn threw out the first pitch.
A new phase of the impeachment process started today with a House vote of 232-196 to proceed further.
Some Chinese convertible bonds are 330% oversubscribed. What's the problem?
The anti-Brexit People's Vote campaign has disintegrated in to an open feud among 9 sub-groups.
The Brexit Party may limit the number of seats it challenges in the next election. This will benefit Johnson's campaign.
The FOMC committee decided to lower the target range for the federal funds rate to 1-1/2 to 1-3/4 percent.
The BEA reported real GDP rose 1.9% for the quarter in a consensus range of 1.2% to 2.0%.
Boris Johnson accepted a Brexit extension offer to January 31 but the extension is now officially meaningless.
More PG&E related fires rage in California. Hundreds of thousands evacuated. No one can figure out what to do.
The demise of Merkel's "Grand Coalition" is now so complete no one can possibly deny what's happened.
Johnson agreed to a January 31 extension and lost a bid today for an early UK election. Setback appearance deceive.
Economist Robert Shiller says there is no alternative to riding out bubbles.
Johnson and Macron agree on a 3-Month extension after a phone call initiated by Johnson.
On Sunday, November 3, those on Daylight Savings Time need to adjust their clocks. Does this make any sense?
A Fred, St. Louis Fed, article explores producer price increases at the various intermediate stages.
The Wall Street Journal asks a question, the wrong one. I reworded the question above.
A question of trust came up on my blog yesterday: Why should Johnson trust Macron or vice-versa?
The Office of Management and Budget announced a 2019 budget deficit of $984 billion. What is it really?
Boris Johnson has found an EU ally at last. France appears to be holding firm.
What's behind the ever-increasing need for emergency repos? A couple of correspondents have an eye on shadow banking.
Eurozone fragmentation is massive. Target2 imbalances are just part of the picture.
GDPNow and Nowcast forecasts have converged at just under 2.0% despite dismal economic data, especially manufacturing.
There are only two places I have seen that are willing to say France may offer a short or conditional extension.
Durable good orders were down an unexpected 1.1%. Core capital goods revisions make matters much worse.
The Queens Speech won Commons approval today and all amendments were defeated. This may pave the way for elections.
Chicago Mayor Lori Lightfoot has presented her plan of tax hikes and can kicking. It can't possibly work.
Donald Tusk and the Remainers seek a Jan 31 extension. France wants a shorter extension. Jan 31 is counterproductive.
The Fed announced today it would increase "Overnight" repos to $120 billion.
The EU will not respond to Johnson's alleged request for an extension until Friday. Several things are in play.
China doubles value of infrastructure project approvals to stave off economic slowdown amid trade war.
Kevin McAllister, Boeing's Chief of Commercial Airplanes is the first high-level casualty since the second crash.
The Withdrawal Bill passed 329 to 299. The "programme motion" timetable failed 322 to 308.
Existing home sales fell 2.2% in Sep to 5.38 million units SAAR. Sales are barely in the Econoday consensus range.
A meaningful vote is coming up. Boris Johnson appears to have the votes. He is open to a short but not long extension.
JP Morgan, Bank of America, and Goldman Sachs all say Fed funding issues remain.
Heading into the final Brexit stage, Johnson has outplayed his opponents.
Trump now proposes keeping some troops in Syria to "protect" the oil.
Senator Joe Biden has regained front-runner status not only nationally, but also in Iowa.
Boris Johnson has the votes to pass his Brexit deal, but Speaker Bercow won't allow a vote. Johnson needs Macron's help.
A survey reveals Boeing workers felt pressure to approve unworthy systems. Boeing's board is in emergency meetings.
Callum Thomas, Jim Bianco, and Win Smart have a trio of Tweets on the S&P 500 worth a close look.
The EU will wait for UK debate before offering an extension. Meanwhile, Johnson will seek a meaningful vote.
Johnson complied with the Benn Bill by sending two letters to the EU. The first requested an extension, wasn't signed.
There was not vote today. Instead, Parliament demanded Johnson ask for an extension.
Fighting in the buffer zone in Syria broke out today despite an agreed up cease-fire.
A constitutional challenge to Johnson's Brexit deal has been tossed by the courts and Johnson believes he has the votes.
China's GDP unexpectedly cooled again, but to an amazing six percent. It's likely way overstated. What about the US?
Turkey agrees to a 5-day suspension coupled with a U.S. pledge to facilitate a pullout by Syrian Kurdish fighters.
The EU approved the Brexit deal. Will it pass muster in UK parliament?
A deal has been reached. Jean-Claude Juncker opposes an extension. A constitutional challenge to the deal is underway.
The National Average Rent declined for the first time in two years, dipping a mere $1 to $1,471.
Lacy Hunt at Hoisington Management has another sterling post in its third quarter review and outlook.
Retail sales floundered in September, even taking in account an upward revision in August.
As we head into the final negotiations, what are the odds a deal passes?
The US House passed a bill in support of Hong Kong Protests. It's both stupid and hypocritical.
German Chancellor Angela Merkel ignored an EU risk assessment and allows Huawei's 5G technology.
A Brexit deal looks highly likely but it will likely take an extension to get the deal signed, sealed, and delivered.
Trump accused Turkey of creating a humanitarian Crisis. Europe fears a flood of refuges. US nukes held hostage.
The Kurds entered a pact with Syria to stave of a bloodbath at the hands of Turkey. Syrian forces gain territory.
Golden Week, a seven-day Chinese holiday, is traditionally a peak period for home sales. This year, sales plummeted.
Prime Minister Boris Johnson presented the Queen's Speech outlining his agenda. Jeremy Corbyn said it was a farce.
For a deal not yet signed and whose details are totally lacking, Trump thanks China.
The UK PM is committed to obeying a law that requires him to do something that he says he will not do. What's the catch?
Dissent within the ECB over QE is at unprecedented levels and rising. But what does "counterproductive" really mean?
Reports surface of war crimes against the Kurds after Turkey Invaded Syria. Trump threatens sanctions.
The market rallied yet again on Friday on still more rumors of a trade deal with China. Details are lacking.
Economic news took a tenth of a percent off the Atlanta Fed GDPNow forecasts. The New York Fed Nowcast was stable.
Export prices fell for the fourth time in five months while import prices rose slightly.
Emergency Fed actions for the end of 3nd Quarter 2019 now stretch to the second quarter of 2020.
The British Pound is up again on news of pending Brexit negotiation talks between the UK and EU.
Have the car to yourself. Completely driverless commercial cars are now in operation.
A Brexit deal is back in play following a between Prime Minister Boris Johnson and his Irish counterpart Leo Varadkar .
Widespread power outages leave million of Californians without electric power.
Consumer prices were flat in September and core CPI rose less than expected. Housing and medical services are problems.
Businesses are bracing for sweeping changes, none of it any good.
Job openings unexpectedly declined for the third month but the number of openings is still historically elevated.
Powell was busy yapping away about the need to control interest rates, looking more than a bit foolish in the process.
The trade talks are not going well. China threatens to pull out and Trump threatens Chinese companies.
The Producer Price Indexes for goods and services both unexpectedly declined in September.
Brexit negotiations have all but broken down. Unless quickly revived an Iron Curtain Brexit is in play.
Total consumer credit rose $19.9 billion in August but credit card debt fell after a sharp rise last month.
For a while it appeared the EU was ready to negotiate with Johnson. Perhaps appearances were deceiving.
Turkish president Recep Tayyip Erdogan told the US he will invade Syria to attack the Kurds, a US ally. Trump pulls out.
The 30-year long bond yield just fell back below 2.00% for the first time since September 4.
Boris Johnson has taken the Benn Bill legislation blocking No Deal to the UK supreme court.
The German carmakers have finally broken the Brexit silence. Their No Deal consequences are enormous.
Illinois is second to Alaska in net outbound migration. Many move out, but few move in.
In retaliation for EU subsidies on Airbus, Trump will impose tariffs on cheese and scotch. Importers stockpile both.
The High Court of Scotland agreed to hear a case in which a person is alleged to commit a crime on a future date.
Former Fed officials said the Fed should do $250 billion in repos to alleviate the funding crisis.
The overnight and end-of-quarter repo mess is scheduled to last at least a month longer.
Private payrolls rose by only 114,000 with overall jobs rising 136,000 thanks to temporary census workers.
Boris Johnson Proposes a Northern Ireland solution. This is what the EU originally proposed.
Will initial unemployment claims provide a recession warning? If so, how long?
Danielle DiMartino poses an interesting question regarding the ECB. I have a set of answers.
Johnson submitted his plan to the EU. Ireland, Jean-Claude Juncker, and others say it won't work. Breakthrough? Where?
A third of auto loans in 2019 had a term period over six years. People cannot afford the cars they are buying.
Global equities are under pressure amid and rate cut odds rising amid weakening economic data. Trump blames impeachment.
New York Fed president John Williams is yapping today about recession tools and ability to use them quicker.
Ever since president Trump tweeted that winning trade wars was easy, I've been keeping track. The stats are impressive.
Ireland is driving a hard bargain in negotiations with Boris Johnson, so one-sided that it's legally impossible.
Commercial drone delivery officially launched today with the FAA approval of UPS.
GDPNow and other GDP estimates took a dive today on weaker than expected manufacturing reports.
The Manufacturing ISM is in the second month of contraction and the worst since June of 2009.
Many problems today including deficit spending, trade deficits, and income inequality have their roots in 1971.
Climate change alarmists have convinced the public something must be done now. The reports are easily debunked as fraud.
A set of pictures shows why Trump is convinced he can win a trade war.
Home flipping is up and so is flip financing. Flippers sing the praises of increased leverage.
Yemen’s Houthis claim to have invaded Saudi Arabia and captured thousands of troops in Najran. Conflicting stories.
Boris Johnson and his political strategist Dominic Cummings have labeled the efforts by Parliament a "Surrender" act.
Labour has a very anti-business platform in which companies would be required to give 10% of the company to workers.
Here are some of the interesting Tweets that I came across today on widely varied topics.
Hoping to force China to forge a trade deal to his liking, Trump threatens to delist Chinese firms from US exchanges.
Personal income rose 0.4% in August but spending, both nominal and real, rose a weak 0.1%
IPOs are failing. And that's not a good sign. Pulled IPOs are even worse than bad IPOs.
Trump wants to cure trade imbalances via tariffs. It cannot possibly work.
The ECB cut rates further into negative territory and the BoJ is expected to do the same. How long before Trump reacts?
A poll of employers by Kaiser Family Foundation found premiums rose 5% for family plans, topping $20,000 for 1st time.
The Fed is no longer talking about zero-bound but effective lower bound. What's the difference? Where is it?
Cryptocurrencies went on a deep dive today. Some blame new futures, others cite technical factors.
Nancy Pelosi launched an impeachment inquiry based on claims Trump tried to coerce Ukraine into investigating Joe Biden.
The UK's Supreme Court finds Boris Johnson acted illegally by suspending parliament for weeks. Resignation calls mount.
Despite being against the Maastricht Treaty on which the Eurozone was founded, Dragihi want to investigate MMT.
The center for disease control note 530 confirmed vaping illnesses, most misdiagnosed as pneumonia. Eight are dead.
A series of patients in Wisconsin and Illinois had chest pain and shortness of breath. The doctors diagnosed pneumonia.
At the Labour Party conference, which sets official party positions, members voted to not take a position on Brexit.