Economic Data

No more oil black swan Remember Al Arabiya channel’s General Manager Turki Aldakhil warning that imposing sanctions on, Saudi Arabia, the world’s largest oil exporter could spark global economic disaster? I wrote about it when the  Jamal…

I want to start today's daily with the markets and the real economy before I branch out into more political economy including Germany. European economic numbers And since I mentioned Germany, let me start there. A slew of economic data came…

The big news this morning is the slowing growth in China. The third quarter numbers showed the country growing at its slowest pace in a decade. And the questions now are whether this slowdown continues and what China does about it. This is…

The latest monthly report on the employment situation in the US saw the unemployment rate dip to its lowest level since 1969. While the addition to non-farm payrolls was below expectations, upward revisions to prior months made this a very…

There was a slew of PMI data released yesterday. And the ISM released it's manufacturing numbers for the US as well. Almost all of the data were bullish and supports the idea that this economic expansion has legs for the rest of 2018 and…

I am sending this out to everyone on the distro today because I am going on vacation/holiday for the next week and I won't be near a computer for all of that time. There will be no Credit Writedowns posts all this next week!! So I want to…

Today's daily post will feature a number of articles on topics I think should be on your radar screen, with a few thoughts from me on each article. And I want to lead with the Department of Labor's 8:30am jobless claims release. 1 -…

Increasingly, prognosticators are talking about a recession in the United States by 2020. But not everyone is onboard with those predictions. Moreover, arguments vary both in terms of why a recession would take hold and in what the likely…

Quick note here to update you on some of the macro data I continue to be bullish on the near-term US economy. As I wrote this morning, the Q2 and Q3 GDP numbers are both showing more than 4% growth. And with the ISM Manufacturing data…

Here's the ISM's presser. Pay close attention to the bolded parts though. “The NMI® registered 55.7 percent, which is 3.4 percentage points lower than the June reading of 59.1 percent. This represents continued growth in the…