Auto Sales

What The Hell Is Going On?

"The dissonance between what I have been observing and what is being flogged by the establishment mouthpieces in the corporate mainstream media has never been greater. I’m 53 years old. The older I get the less sure I am about things I was sure about when I was 25 years old... I find it exhausting. We’re lost in a blizzard of lies."

Fed's Beige Book Notes Decline In Optimism About The Outlook, Sharp Drop In Broadway Attendance

What was most interesting in the latest Beige Book was not the comprehensive summary but the anecdotes revealed by the various districts among them concerns about the stronger dollar, worries about Obamacare repeal, Atlantic City casino revenues, retailer fears about online competition, shipping container volumes, the impact of immigration policy on labor supply and even a sharp drop in Broadway theater attendance. 

EconMatters's picture

It appears the Federal Reserve took notice of the overheated stock market and realized they really must be behind the inflation curve. You don`t reach year end targets in the stock market already at all-time highs and haven`t even gotten out of February, and not wake up and realize that you are way behind the asset bubble inflation rate hiking curve.

US Household Debt Rose To $12.6 Trillion In 2016: Biggest Jump In A Decade

Total US household debt jumped in Q4 driven by increases in credit card debt, auto and student loans, and a Q4 surge in mortgage originations, and as of December 31, 2016, stood at $12.58 trillion. For the full year, total household debt rose by $460 billion, the biggest annual increase in a decade.

Key Events In The Coming Humphrey-Hawkish Week

The key economic releases this week are CPI, retail sales, and industrial production on Wednesday. In addition, there are several scheduled speaking engagements from Fed officials this week, including Chair Yellen’s semi-annual Monetary Policy Report to Congress on Tuesday and Wednesday (Humphrey-Hawkins).

It's Time To Start Worrying About China Again

The central bank on Friday increased the interest rates on reverse repo by 10bp - the last time the PBOC raised OMO rates was more than two years ago in 2014. The PBOC also increased SLF rates, in what some have dubbed "the Most Important Unnoticed Global Event."

US Auto Industry In Crisis Amid "Inventory Bubble"

Despite record U.S. auto sales last year, the number of vehicles on car-dealer lots remains near record highs, and, as J.D.Power analyst Thomas King warned this week, 2016 ended with an inventory "bubble" that will require less production or more incentives to clear.