Census Bureau

Debunking Two American Myths

There are two myths which are deeply imprinted in the minds of most US Americans which are extremely dangerous and which can result in a war with Russia...

Russian Content May Have Reached 126 Million Facebook Users, There Is Just One Catch

... having spent $100,000 on Facebook ads, and unleashed a troll army to wrote Facebook posts - which had a 0.004% change of being read - Putin then went for the kill, and assured himself a Trump presidency by splurging another $4,700 for Google ads and creating an additional 43 hours of video content. The rest is history.

Key Events In The Coming Week: ECB Taper, Q3 GDP And Durables

The main even this week will be the ECB's taper announcement on Thursday where consensus expects the ECB to announce a QE extension of €30bn per month for 9 month until Sep-18, with potential extension after. Net purchases between now and Dec-17 will continue at €60bn per month as planned. To cope with rate hike expectations, the ECB is also expected to strengthen forward guidance.

Investors Are Ignoring The Evidence At Their Peril

"Exuberance and confidence are at the highest levels on record, but the underlying stories are beginning to weave a tale of an economy that is very late in the current cycle... Importantly, these are not short-term stories either. The long-term picture for the economy and the markets from the three biggest factors (Debt, Deflation, and Demographics) continues to build."

Housing Horrors Continue: New Home Sales Tumble To Lowest Since 2016

Extending July's weakness (in new, existing, and pending home sales), August is off to a rough start with existing sales and now new home sales has collapsed (down 3.4% vs expectations of a 2.5% gain). July's big plunge in sales was revised slightly higher but this left August with a 560k SAAR sales rate - the weakest since Dec 2016.