Wednesday: PPI

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, The Producer Price Index for August from the BLS. The consensus is for a 0.1% increase in PPI, and a 0.2% increase in core PPI.


Seattle Real Estate in August: Sales up 5.1% YoY, Inventory up 25% YoY from Low Levels

The Northwest Multiple Listing Service reported Home Buyers Seeking Affordability Are Expanding Search Outside Greater Seattle Job Centers Depleted inventory continues to frustrate would-be buyers in Western Washington. Many of these potential homeowners are expanding their search beyond the major job centers in King County, according to market watchers who commented on the latest statistics […]


Is a recession inevitable?

The yield curve has been a constant topic of conversation among investors since mid-August, when the 2-year/10-year Treasury curve briefly inverted and launched furious speculation that a recession may be around the corner.  The same holds true among Invesco’s market strategists, who have been debating what an inverted yield curve means and whether a recession […]


Small Business Optimism Index Decreased in August

CR Note: Most of this survey is noise, but there is some information, especially on the labor market and the “Single Most Important Problem”. From the National Federation of Independent Business (NFIB): August 2019 Report: Small Business Optimism Index The NFIB Small Business Optimism Index fell 1.6 points to 103.1, remaining within the top 15 […]



Parliament has been prorogued. I happened to be in Westminster last night. There were a lot of unhappy members about. For me the timing is useful. Teaching commitments mean that time for blogging might be tight over the next few days. Please do understand if, at the very least, moderation is sporadic.