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…
From the NY Fed... Empire State Manufacturing Survey Full PDF report here. New Orders is a key component, obviously, as that is where future business comes from. The stock market…
NFTRH 355 takes the balls in the air, tops spinning on the table and the up and down market whipsaw and attempts to distill it all into a sensible narrative…
Our guess is off by 20k. As expected, it was 'services' that led hiring in July. Full BLS release here.
With the soft ADP the other day and other signs of economic flattening, some people may be looking for a weak Payrolls report tomorrow. I am going to take a…
Some handy graphics from FloatingPath... Factory Orders increased in June (note: USD was weak in June) and had been on par throughout the 'expansion' after the big reversion in 2009. …
Sales of new Machine Tools (blue line) bumped up in June. Apparently they adjust this data but don't make mention of revisions. The graphical representation through May, while still weak,…
A while back we noted that machine tool sales were continuing to fade and that there was alarming news from my boots on the ground source in the industry centered…
Below is the opening segment of this week's edition of Notes From the Rabbit Hole, NFTRH 353. After this theoretical exercise we got down to nuts and bolts analysis, which…
We have had the pulse of the precious metals every step of the way. We have mostly stayed on the right side of stock markets too. We have indicators and…
I heard from a former associate who reads this site (hi Pat!) that things are continuing to degrade in the Machine Tool area. As a reminder, here is the latest…