Dallas Fed: “Texas Manufacturing Expansion Continues”

From the Dallas Fed: Texas Manufacturing Expansion Continues Texas factory activity continued to expand in September, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell four points to 13.9, suggesting output growth continued but at a slightly slower pace than in August. […]


September Vehicle Sales Forecast: 16.8 Million SAAR

From JD Power: Record Q3 Spending Accelerates Auto Sales After Year’s Slow Start New-vehicle retail sales in September are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,007,000 units, a 15.2% decrease compared with September 2018. Controlling for […]

Real Estate

How Does the Supply of Homes for Sale Impact Buyer Demand?

The price of any item is determined by supply, as well as the market’s demand for the item. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand). Buyer Demand The […]


KPMG, shooting itself in the foot

Times are getting tough at KPMG. As the FT has reported: KPMG has told hundreds of its UK employees to hand in their work mobiles as part of a cost-saving drive ahead of its latest financial results. And they add: It is the latest attempt by KPMG to rein in costs after it informed 630 […]


Sept 2019: Unofficial Problem Bank list increased to 76 Institutions, Q3 2019 Transition Matrix

Note: Surferdude808 compiles an unofficial list of Problem Banks compiled only from public sources. DISCLAIMER: This is an unofficial list, the information is from public sources and while deemed to be reliable is not guaranteed. No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein and same […]


The cost / benefit analysis of No Deal

I had a friend who has now decided to become a Brexit Party parliamentary candidate. There are some things friendship cannot survive. But I did try to work out what the advantages of his fervent No Deal enthusiasm might be, since the speech he showed me that he proposes to deliver on the stump only […]


The September Taxcast from the Tax Justice Network

In this month’s Tax Justice Network Taxcast there’s discussion of a new vision for Europe amid, or in spite of the Brexit vortex. Plus: Britain’s about to become the neighbour from hell, post-Brexit: how can the EU defend citizens from the race to the bottom between nations on tax and regulations precipitated by Britain’s destructive […]


Schedule for Week of September 29, 2019

The key report this week is the September employment report on Friday. Other key indicators include the September ISM manufacturing and non-manufacturing indexes, September auto sales, and the August trade deficit. —– Monday, Sept 30th —–9:45 AM: Chicago Purchasing Managers Index for September. The consensus is for a reading of 50.4, unchanged from 50.4 in […]