Following is a combo of an excerpt from the November 8 edition of Notes From the Rabbit Hole (NFTRH 368) and new material... Payrolls +271,000; Is the Game Changing? I…
From FloatingPath comes this overview of where the jobs were and where they were not. The entire wonderful, comprehensive set is available here (PDF). Services, services and more services (retail,…
ISM is out and it was 'meh'. I have highlighted what I think is the most relevant with new orders bouncing and employment declining. Full details of the report here…
This economic leading indicator* continues to decelerate. Again, our initial tip off was in July from my former associate's timely email informing that Japan's Mori Seiki was 'blowin' 'em out',…
There have been times when I've missed my old manufacturing days, but decelerating as the sector is, this is not one of them. In this atmosphere price increases are non-existent…
Excerpted from the October 4 edition of Notes From the Rabbit Hole, NFTRH 363. Reference previous articles on this theme, Macrocosm, Microcosm & Microcosm Expanding... Here again is our representation…
We have had a theme that gold will not be favored until confidence wanes in policy making and its ability to control market outcomes. I thought this morning's post-Payrolls reaction…
Today is notable because the economic data continue to decelerate (Durable Goods declined and Caterpillar layoff announcement), the stock market is doing what we expected and the gold sector is…
Semi.org's latest book-to-bill (b2b) data is out, for August. The all-important 'Bookings' data hit a 6 month high (in its 3 mo. average) and if memory serves, this is higher…
From the New York Fed: "The September 2015 Empire State Manufacturing Survey indicates that business activity declined for a second consecutive month for New York manufacturers." Full PDF report here…
According to the amalgamation of 'Leading Indicators' to the economy, it is time for a rate hike. Here is the graph of LI and Fed Funds, from Wisdom Tree's post…
NFTRH 360 does a 360 all around the oh so highly anticipated FOMC 'decision', talks a little about the accuracy of professional economists' recession predictions and talks a lot about…
Right in line with the information I got from a former industry colleague back in July, Machine Tool sales data have continued to degrade. Click for a larger view of…
As usual, the key items are highlighted and the full report can be viewed at ISM. It's another counter-cyclical hiccup for the Good Ship Lollipop. Subscribe to NFTRH Premium for…