<Click on graphic for larger image> Bloomberg.com – Cheap Oil Helps China Unseat Canada as Top U.S. Trade Partner China is poised to become the biggest U.S. trading partner this year, eclipsing Canada for the first time as the slump in oil prices reduces the value of energy exports for America’s neighbor to the north.… Continue reading Canada Is No Longer The Biggest U.S. Trading Partner
Real Time Economics (WSJ Blog) – Rep. Brad Sherman to Janet Yellen on Interest Rates: ‘God’s Plan Is That Things Rise in the Spring’ Federal Reserve Chairwoman Janet Yellen and her colleagues at the Federal Open Market Committee have been poring over economic data and considering arguments from all sides as they debate raising short-term… Continue reading God Doesn’t Want A Rate Hike In 2015!
Bloomberg.com – The Bear Case for China Sees PBOC Following Fed to Zero Rates Danny Gabay “bows to nobody” in his pessimism about China’s economy. Gabay, a former Bank of England economist, says the world’s second-biggest economy is barreling toward a hard landing. He and colleagues at Fathom Financial Consulting Ltd. reckon its growth rate… Continue reading 0% Rates For China?
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Conference Call Presentation/Charts of the Week Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/110515.mp3|titles=Conference Call ] Topics Covered This Week Include: What The Market Expects Disappointing Data Does Market Opinion Matter? – July 28 Does Market Opinion Matter? – October 27 What Economists Think Economists Poor Track Record Look Familiar? Market Not Pricing In A Hike (Yet?) A Divided Fed? Market… Continue reading Conference Call Presentation/Charts of the Week
Comment On November 5, 2015 at 9 AM CT (10:00 AM ET, 7:00 AM PT, and 15:00 GMT), Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. Last week’s FOMC statement opened the door to a rate hike in December. Will it happen? And if so,… Continue reading Will The Fed Hike? What Will The Market’s Reaction Be?
<Click on chart for larger image> USA Today – ADP: Businesses added 182,000 jobs in October Businesses added 182,000 jobs in October, payroll processor ADP said Wednesday, in a possible sign that employment growth largely bounced back after a two-month slump. Economists surveyed by Bloomberg estimated ADP would tally 180,000 job gains. They predict the… Continue reading Payroll Revision Patterns Have Changed, Mark Zandi Has Not Noticed
<Click on chart for larger image> The Financial Times – Martin Wolf: America’s labour market is not working It matters if many prime-aged adults believe they cannot earn enough to support a family In 2014, 12 per cent — close to one in eight — of US men between the ages of 25 and 54… Continue reading The U.S. Labor Market
<Click on chart for larger image> Reuters – Oil up 4 percent; gasoline adds fuel to rally on Libya, Brazil Crude prices rose about 4 percent on Tuesday as a rally in U.S. gasoline and diesel added support to oil markets already boosted by an industry strike in Brazil and force majeure for Libyan crude… Continue reading Crude Prices On The Rise
<Click on graphic for larger image> Bloomberg Business – It’s Been a Rough Year for Analysts Forecasting Central-Bank Decisions Things were looking decent for the global economy at the beginning of the year. U.S. employment was closing in on full capacity, emerging-market giants such as China and Brazil were seen holding up and it looked… Continue reading Economists Forecast Central Bank Activity … Poorly
<Click on chart for larger image> The Wall Street Journal – U.S. Auto Sales Jump in October Auto makers in the U.S. reported strong sales gains in October, aided by five weekends and continued robust demand for larger vehicles amid low gasoline prices. Overall, car sales are on track to reach their highest October sales… Continue reading Auto Sales