Category Archives: Personal Consumption

Key Events In The Last Week Before Christmas

By silveristhenew | Published December 18, 2017

It might be the last full week before Christmas – with both newsflow and trading volumes set to slide substantially – but there’s still a few interesting events and data releases to look forward to next week. Among the relatively sparse data releases schedule, we get US GDP, core PCE, housing and durable goods orders […]

Also posted in Australia, Bank of Japan, business, China, Consumer Confidence, Consumer confidence index, consumer Price Index, Consumer Sentiment, Continuing Claims, CPI, Czech, Deutsche Bank, Economic indicator, Economy, Economy of the United States, Empire State Manufacturing, European Central Bank, European Commission, European Union, Eurozone, Federal Government, flash, Germany, Gross Domestic Product, headlines, Hong Kong, Housing Market, Housing Starts, Hungary, inflation, Initial Jobless Claims, Japan, Kansas City Fed, macroeconomics, Michigan, Monetary Policy, NAHB, National accounts, New Home Sales, New Zealand, Norway, Personal consumption expenditures price index, Personal Income, Philadelphia Fed, Philadelphia Fed manufacturing, Price indices, Reserve Bank of Australia, senate, Switzerland, Trade Balance, U.S. House, University Of Michigan | Tagged france, Unemployment | Comments Off

Watch Live: Janet Yellen Makes Final Appearance Before Congress

By silveristhenew | Published November 29, 2017

With only three weeks left until her final meeting as chairwoman of the FOMC, Fed Chairwoman Janet Yellen today will make what's expected to be her final appearance before Congress when she delivers testimony to the Joint Economic Committee. The Fed was already widely expected to raise interest rates next month, but in case there […]

Also posted in business, Capital Formation, congress, Economy, Federal funds rate, Federal Open Market Committee, Federal Reserve System, Full Employment, Gross Domestic Product, inflation, Janet Yellen, Joint Economic Committee, Macroeconomic policy, macroeconomics, Market Conditions, Monetary Policy, money, Public finance, Recession, Testimony, US Federal Reserve, Volatility | Tagged Global Economy, Unemployment | Comments Off

Global Bond Rout Accelerates Even As Dollar Rally Fizzles

By silveristhenew | Published September 28, 2017

In a continuation of trading patterns observed over the previous two days, on Thursday the global bond rout deepened in the aftermath of the release of President Trump’s tax-cut plan, Janet Yellen’s recent hawkish comments and renewed optimism over the health of the U.S. economy. While global stocks were mostly mixed as investors tried to […]

Also posted in Across the Curve, APAC, ASX 200, Australia, b, Bain, Bank Indonesia, bank of canada, Bank of England, Bernie Sanders, Bloomberg Dollar Spot, BOE, Boeing, Bond, business, CAD, Canadian Dollar, China, Communist party, Communist Party Congress, congress, Consumer Confidence, Continuing Claims, Copper, CPI, Crude, Crude Oil, DAX 30, Dow 30, ECB Governing Council, Economy, Economy of the United States, Environmental Protection Agency, Equity Markets, eu parliament, European Union, Eurozone, Federal Government, finance, Financial economics, fixed, Fixed Income, FM Radio Chip, FTSE 100, Futures Contract, futures markets, Germany, Gilts, Gold Spot, Google, Gross Domestic Product, Hang Seng 40, headlines, ibex 35, Income tax in the United States, Initial Jobless Claims, internal revenue service, Ireland, Japan, Jim Reid, Kansas City Fed, Kevin Brady, Kospi, M3, Monetary Policy, money, Money Supply, MSCI Asia Pacific, NASDAQ, Nikkei, nikkei 225, OPEC, Organization of Petroleum-Exporting Countries, Portugal, Precious Metals, Real estate, Reality, Renminbi, Russell 2000, S$P, S&P 500, S&P/ASX 200, Senate Finance Committee, Stoxx, Stoxx 600, Tax, Trade Balance, Twitter, U.S. Commerce Department, US Dollar Index, VIX, Volatility, West Texas, Wholesale Inventories, Yen, yield, Yield Curve | Tagged france, north korea | Comments Off

Full Preview Of Tomorrow’s “Historic” FOMC Meeting

By silveristhenew | Published September 19, 2017

It is virtually guaranteed that tomorrow the FOMC will make history by officially announcing the Fed’s plan to begin shrinking its balance sheet through the gradual phasing out of bond reinvestments, which however in a world in which other central banks continue to pump $125 billion per month, will hardly by noticed by markets at […]

Also posted in banking, Barclays, Bond, business, central bank, Central Banks, CPI, Credit Suisse, Debt Ceiling, Economy, FED, Federal funds rate, Federal Open Market Committee, Federal Reserve Bank of New York, Federal Reserve System, Fed’s Board of Governors, financial services, fomc, Janet Yellen, Monetary Policy, money, Morgan Stanley, Neel Kashkari, NY FED, Open market operation, RANSquawk, Richmond Fed, senate, William Dudley | Tagged goldman sachs, Unemployment | Comments Off

August Payrolls Preview: Prepare For Disappointment

By silveristhenew | Published August 31, 2017

If there is one common theme across sellside previews of tomorrow’s nonfarm payrolls number, expected at 180K after a surprising jump to 209K in July, it is to brace for disappointment, or in Wall Street parlance, “downside risks.” And it’s not because of Harvey which hit the US far too late in the month to […]

Also posted in Barclays, Bitcoin, BLS, Bureau of Labor Statistics, business, Chicago PMI, CPI, Economic indicator, Economy, Initial Jobless Claims, Labor, macroeconomics, Markit, Monetary Policy, Morgan Stanley, nonfarm payrolls, Payroll, Payroll Data, Personal Income, RANSquawk, recessions, U.S. Treasury, US Federal Reserve, Wells Fargo | Tagged goldman sachs, Unemployment | Comments Off

“I Was Wrong”: Albert Edwards Finds Something That Has Never Happened Before

By silveristhenew | Published August 31, 2017

At the start of the year, we were surprised when SocGen’s Albert “Ice Age” Edwards, the biggest perma-deflationist on Wall Street, flipped his outlook on the US economy, and said he now expected a fast spike in inflation driven by wage growth, which in turn would prompt an even more accelerated tightening cycle by the […]

Also posted in 10 Year Bond, Albert Edwards, BLS, Bond, business, Capital Markets, Central Banks, consumer Price Index, Core CPI, CPI, Deflation, Economy, Eurozone, Germany, Ice Age, inflation, Japan, macroeconomics, money, Nominal GDP, Personal consumption expenditures price index, Personal Income, Price indices, Real versus nominal value, Recession, reflation, SocGen, United States Consumer Price Index, US Federal Reserve, yield | Comments Off

“It’s Time For Markets To Catch On” – Central Bankers Warn ‘Investors Are Too Complacent’

By silveristhenew | Published August 1, 2017

Authored by Lena Komileva, originally posted at The Financial Times, The US Federal Reserve raised rates for the third time in six months in June, even though inflation had stayed below its 2 per cent target for much of the past decade. Why? The justification lies with the return to “economic normalisation” (a more normal […]

Also posted in Bank of England, Bank of International Settlements, Bond, business, central bank, Central Banks, Copper, Deflation, Economy, European Central Bank, Eurozone, Fed Fund Futures, finance, Financial economics, Fixed Income, Futures market, inflation, interest rate, Janet Yellen, Monetary Policy, money, Risk Premium, US Federal Reserve, Volatility, Yield Curve | Tagged Federal Reserve | Comments Off

How Big Of A “Deleveraging” Are We Talking About?

By silveristhenew | Published July 25, 2017

Authored by Lance Roberts via RealInvestmentAdvice.com, Last week, I discussed the issue of debt and why “people buy payments.” This article generated much discussion and several emails including the following. “You argue that rising debt levels lead to slower economic growth, but what if it is slower growth leading to rising debt levels?” This is […]

Also posted in business, Center On Budget & Policy Priorities, Central Banks, Debt, Debt Ceiling, Debt to GDP Ratio, Deficit Spending, deleveraging, Economy, Federal Government, finance, Financial ratios, Great Depression, Household debt, money, National debt of the United States, Reality, United States debt ceiling | Tagged Government Debt, Tarp | Comments Off

Yellen’s Dovish Turn: Concerned About Inflation, Sees Little Room For Rate Increases

By silveristhenew | Published July 12, 2017

Fed Chair Janet Yellen's prepared remarks confirm her previous stance that they will keep normalizing their policy stance (no matter what), bringing forward the timeline for unwinding the balance sheet, and adding that "rates won't have to rise much further to get to neutral." This seems like a 'dovish' tilt, and judging by the reaction […]

Also posted in b, business, congress, Consumer Prices, Consumer Sentiment, Economy, Federal funds rate, Federal Open Market Committee, Federal Reserve System, financial services, fixed, Gross Domestic Product, headlines, House Financial Services Committee, Housing Market, inflation, inflation targeting, Interest Rates, James B. Bullard, Janet Yellen, Macroeconomic policy, macroeconomics, Monetary Policy, money, Open Market Committee, price stability, Public finance, Recession, recovery, System Open Market Account, US Federal Reserve | Tagged Federal Reserve, Global Economy, Unemployment | Comments Off

‘Vice’ Index Shows U.S. Slowdown Ahead

By silveristhenew | Published July 6, 2017

Authored by Andrew Zaitlin via MoneyBallEconomics.com, Slower Spending Growth In Q3 When Vice spending momentum began to slow in February, I blamed near-term noise. I thought it might be tied to February’s tax refund deferral. And when it slowed again in March, I blamed Easter. But vice spending growth continues to slow. In fact, in the […]

Also posted in business, business cycle, Deflation, Detroit, Economy, Gambling, inflation, Las Vegas, macroeconomics, Recession, S$P, student loans, Volatility | Tagged Unemployment | Comments Off