Friday, April 26, 2019

Well this should steal the jam out of the green-shoot-brigade's donut.  Housing Starts and Permits unexpectedly tumbled in March.

Housing Starts fell 0.3% MoM (against expectations of a 5.4% rebound) and to make matters worse, February's 8.7% plunge was revised down to...

Tuesday, April 16, 2019

As polling gets under way in India - the largest exercise of democratic choice in the world - voters (where a quarter of the population earn less than $2 a day on average) are being lured by politicians offering illegal handouts.

Bloomberg reports that India’s...

Thursday, February 14, 2019

As we noted recently, despite global stock markets soaring, global freight indices have been more-than-seasonally weak so far in 2019 with the Baltic Dry Index in particular crashing.

The Baltic Dry Index represents the cost of renting an ocean-going container ship to m...

Tuesday, October 23, 2018

The Trump bump has faded, and the real estate market is expected to soften into 2019. 

The annual growth in national home improvement and repair spending by Americans is expected to slow in 2019, according to the Leading Indicator of Remodeling Activity (LIRA) released...

Saturday, September 29, 2018

While it seems that trade disputes between the US, Mexico, and Canada are de-escalating, the trade conflict with China is not. President Trump ramped up the trade war on Monday as $200 billion in Chinese imports took effect. This is the third round of US tariffs on Chi...

Saturday, September 29, 2018

The 30-year fixed-rate mortgage rose for the fifth consecutive week to 4.72%,  a high not seen since April 28, 2011 when it was 4.78%. The average 15-year rate rose to 4.16% from 4.11%, Freddie Mac said in a said in a statement on Thursday.

According to nationalized com...

Sunday, August 12, 2018

Over the past three years, an unexpected voice of caution has emerged from one of the most legendary families in finance: Lord Jacob Rothschild. 

Readers may recall that as part of the RIT Capital Partners 2014 annual report commentary, the scion of Rothschild family wa...

Thursday, August 9, 2018

An alarming number of older Americans are being forced into bankruptcy, as the rate of people 65 and older who have filed has never been higher - at three times what it was in 1991, while the rate of bankruptcies among Americans age 65 and older has more than doubled,...

Friday, July 27, 2018

Back on July 16, in an attempt to boost its flailing stock which just weeks earlier hit an all time low, Deutsche Bank reported preliminary results that were better than analysts had expected. It saved the not soo good news for its official earnings release earlier thi...