Sunday, March 26, 2017

QUICK OVERVIEW

  • U.S. stocks slid for the week as investors worried about Trump's ability to implement his economic policies -measures of risk are rearing their heads back up… 

  •  Gold futures rose as investors continued preparing their positions for the UK to exit the Euro-zone. 

  • Electricity company Dayton Power & Light said on Monday it would shut down two coal-fired power plants in southern Ohio next year for economic reasons, a setback for the ailing coal industry but a victory for environmental activists 

  • Sales of single family homes in January posted a 10-year high of 5.04 million units. There are 3 percent fewer homes on the market than a year ago, with the median home value hitting its highest point since June 2007, according to Zillow's February Real Estate Market Reports.


  • Intel ships first 3DXP storage drives. This could be very big for INTC and MU over the next --- ? --- years.

     

Wednesday, March 22, 2017

U.S. house prices were nearly flat in January, according to FHFA index. Year-over-year increase was 5.7% 

Tuesday, March 21, 2017

The Federal Reserve is playing with fire by lifting rates by Ambrose Evans-Pritchard

On the face of it, a 1% rate is risibly low a full eight years into the economic expansion. It is deeply negative in real terms. Savings are being whittled away.
Stephen Hawking points to artificial intelligence as a defining reason for needing stronger forms of globally enforced cooperation.

Sunday, March 19, 2017

QUICK OVERVIEW

  • At its policy meeting on March 15, 2017, the Fed increased the benchmark interest rate, known as the federal funds rate, by 0.25%, or 25 basis points. The rate is now 0.75–1.00%, or 75–100 basis points. 

  • The Producer Price Index for final demand increased 0.3% in February. Final demand prices rose 0.6% in January and 0.2% in December. In February, the final demand services index increased 0.4% and prices for final demand goods moved up 0.3%. 

  • Australian Bureau of Meteorology said that there was an "increased chance" of El Niño occurring this year, with six of the eight prediction models suggesting thresholds may be reached by July. 

  • (Economist) The number of American oil rigs has risen to 617 from 386 a year ago. 

  •  One in four Americans believe we are living in the end times.