Philly Fed Slumps Near Weakest Since Dec 2016 As 'Hope' Tumbles

Having reached its highest since 2014 in mid 2017, Philly Fed has slid notably since and printed 22.2 in January - equaling the weakest since Dec 2016. 'Hope' took a big hit, dropping from 52.70 to 42.2, as new orders and employees weakened.

  • Jan 18, 2018 8:47 AM
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Housing Starts Crash In December

Housing Starts plunged 8.2% MoM in December (5 times worse than expected and the biggest drop since Nov 2016) and November was revised lower as it seems the exuberant steam is coming out of the housing 'recovery'.

  • Jan 18, 2018 8:38 AM
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China GDP Beats, Retail Sales Slump (Amid Renewed Fake Data Fears)

China bond yields rose ahead of the macro data avalanche tonight (following a leaked upside surprise print for GDP). GDP, Industrial Production, and Fixed Asset Investment all beat expectations but Retail Sales missed dramatically - growing at its slowest since Feb 2004.

  • Jan 18, 2018 2:06 AM
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Is Bitcoin A Reaction To US Dollar Hegemony?

"De-dollarization -- dumping dollars for other goods of value -- has become popular not only with countries but also with ordinary individuals as a result of global technological growth and increasing access to the Internet."

  • Jan 17, 2018 10:30 PM
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