Recession

These US States Entered A Recession In 2016

Kansas, New Mexico, Oklahoma and Wyoming experienced recessions last year, while others saw milder contractions, including Maine, Montana, North Dakota, Louisiana and West Virginia.

Weekend Reading: Just Buy Everything

“It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.– Henry Ford

Albert Edwards: This Is The Reason Why The Market Doesn't Believe The Fed Any More

"One reason why the market doesn't believe the Fed dots is that investors cannot conceive of Fed tightening to the point that it causes the stockmarket any serious damage. Time and time again over both this and previous cycles the Fed has backed off rate hikes as soon as the going got tough. Maybe that is why the S&P trades at such a huge PE premium to the rest of the world."

3 Things: Fed Hike, Fed Late, Fed Miss

“The simple message is the economy is doing well. We have confidence in the robustness of the economy and its resilience to shocks.” – Janet Yellen, March 15, 2017.

Really?

Building Permits Plunge Most In 11 Months Amid Multi-Family Slump

Following January's 'Trump-bump', building permits in February plunged 6.2% MoM, the biggest drop since March 2016 (amid global recession fears), driven by a tumble in multi-family units. While housing starts rose 3% MoM, the annual growth slipped back to 6.2%, again fading Trump exuberance, despite a 12 year high in builder confidence.

Paul Brodsky: "Stagflation On The Horizon"

Logic and current trends suggest that declining output growth accompanied by higher prices will begin hitting economies and facing policy makers in the coming years. Markets should begin sniffing out this stagflationary macroeconomic setup this year.

Here Are The Five Main Things To Watch At Today's Fed Meeting

Much is at stake in today's Fed decision, where Janet Yellen is expected to raise interest rates by another quarter point, provide guidance on the pace of future rate hikes, and share its outlook on the economy and whether it is behind the inflationary curve. Here are the main things to look for in today's FOMC decision.

Canada Flagged For Recession By BIS

As if Canadians needed more proof that the country’s real estate is in a bubble, and that this misallocation has spread to other sectors of the economy, the BIS latest quarterly report confirms what any critical observer can see: binging on debt is rarely a good idea.