Wednesday: Existing Home Sales

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, Chicago Fed National Activity Index for December. This is a composite index of other data. • At 9:00 AM, FHFA House Price Index for November 2019. This was originally a GSE […]


Diary of a Bushfire Victim

On a scorching day in February 2014 my wife, our 7-month-old son and I stood looking at the smouldering rubble that was once our home. We had absolutely no idea what lay ahead for us. Today I’m going to share with you what happened over the next 12 months, in the hope that it might […]


“Chemical Activity Barometer Rose in January”

Note: This appears to be a leading indicator for industrial production. From the American Chemistry Council: Chemical Activity Barometer Rose in January The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), jumped 0.6 percent in January on a three-month moving average (3MMA) basis following a 0.1 percent gain […]


What are the German government trying to hide?

The Suddeutsche Zeitung has a story this morning on country-by-country reporting and German corporate tax abuse this morning. As they note: The hope lasted only a few days, and now it has come to a standstill again. At the end of November, the European Council had reached a compromise, the tax reform for companies in […]


What is ‘doing politics’?

Those at the tax justice conference organised by the Joffe Trust were asked by a speaker last night why more of us were not ‘in politics’? One present is a former MP, so the suggestion that there were no professional politicians present was not quite true. But the challenge was very clearly to ask why […]


The BBC: time to say what’s good about it

The BBC takes a lot of stick from the left. And some of it, no doubt, appears justified. Like others, I have my concerns about Laura Kuensberg’s objectivity on occasion. But the reaction to Lord Hall’s resignation is interesting. I do, for the record, think he was pushed. As he said: “I love the BBC … If […]


Early morning tax justice

I am at a tax justice conference for the next couple of days, organised by the Joffe Trust, who are, amongst other things, the principle funder of the Corporate Accountability Network right now. The dawn at Great Missenden Abbey was quite beautiful this morning. It should be a fascinating couple of days.