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eurodollar erosion

Economic Risk Imbalance Continues

By |2017-07-05T16:24:43-04:00July 5th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Factory orders (unadjusted) in May 2017 were up 6% over those estimated for May 2016. The growth rate was better in that month compared to the one before, but not any faster than the rest so far this year. Year-to-date, factory orders are up just 4.8% from the first five months of 2016. Seasonally-adjusted, the Census Bureau estimates that orders [...]

Defying Labels

By |2017-06-15T16:29:47-04:00June 15th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Last month US Industrial Production rose rather quickly. Gaining more than 1.1% month-over-month, it might have appeared that the US economy once dragged into downturn by manufacturing and industry was finally about to experience its belated upturn. But frustration is how it has always gone, not just in this latest phase but for all phases since around 2011. Each good [...]

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