Stock

Cleveland Fed: Key Measures Show Inflation Above 2% YoY in October, Core PCE below 2%

The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (2.3% annualized rate) in October. The 16% trimmed-mean Consumer Price Index rose 0.3% (3.6% annualized rate) during the month. The median CPI and 16% trimmed-mean CPI are […]

Stock

NY Fed Q3 Report: “Household Debt Continues to Climb in Third Quarter as Mortgage and Auto Loan Originations Grow”

From the NY Fed: Household Debt Continues to Climb in Third Quarter as Mortgage and Auto Loan Originations Grow he Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $92 billion (0.7%) to $13.95 trillion in […]

Stock

Fed Chair Powell: The Economic Outlook

Testimony from Fed Chair Jerome Powell Before the Joint Economic Committee, U.S. Congress, Washington, D.C.: The Economic Outlook. Excerpts: The U.S. economy is now in the 11th year of this expansion, and the baseline outlook remains favorable. Gross domestic product increased at an annual pace of 1.9 percent in the third quarter of this year […]

Investing

Time for a Super Shakeup

What I’m about to share with you could possibly be the biggest change to superannuation since I wrote my book, The Barefoot Investor: The Only Money Guide You’ll Ever Need, a few years ago. But first, a cute analogy to explain how Aussie super works: Retail super funds, those owned by the banks and AMP, […]

Stock

Las Vegas: Convention Attendance and Visitor Traffic up Slightly in 2019 Through September

During the recession, I wrote about the troubles in Las Vegas and included a chart of visitor and convention attendance: Lost Vegas. Since then Las Vegas visitor traffic recovered to new record highs. However, in 2018, visitor traffic declined 0.2% compared to 2017, but was still 7.5% above the pre-recession peak. Convention attendance declined 2.2% […]

Stock

Tech stocks: Should I stay or should I go?

It took the tech-heavy Nasdaq composite index 15 years to reclaim the 5,000 mark after the painful bursting of the dot-com bubble in the early 2000s. Today, the index sits around 8,000, an 80% increase in just five years. Tech stocks are back in the headlines as the sector to watch. But with euphoria around […]

Stock

Schedule for Week of November 10, 2019

The key economic reports this week are October CPI and Retail Sales. For manufacturing, October industrial production, and the November New York Fed survey, will be released this week. Fed Chair Jerome Powell will provide testimony to Congress on the Economic Outlook, on Wednesday and Thursday. —– Monday, Nov 11th —–Veterans Day Holiday: Most banks […]

Stock

AAR: October Rail Carloads down 8.4% YoY, Intermodal Down 7.8% YoY

From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. A combination of a weak domestic manufacturing sector, feeble economic growth abroad that’s limiting exports, continued trade spats that are disrupting global supply chains, and general economic uncertainty are creating strong headwinds for U.S. rail volumes. In October 2019, […]