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New Patterns of Disturbance

Having finally established that the economy of the “rising dollar” was appreciably worse than first estimated, we can turn our attention back toward figuring out what that means for the near future and beyond. According to the latest estimates for Industrial Production, growth has returned but in the same weird asymmetric sort of way that is actually common for the [...]

Adjusting Wholesale Sales And Inventory

By Jeffrey P. Snider|2016-12-12T17:28:28-05:00December 12th, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

When the estimates for factor orders were released earlier this month, there was an unusual pattern for the revision of September’s preliminary figures. Subsequent data suggested that factory orders were slightly less than had been originally calculated, yet despite that result for the unadjusted data the seasonally-adjusted estimate for factory orders in September was instead revised significantly higher. Overall, the [...]

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