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services economy

Figuring Out The ‘Services Economy’

By |2016-03-29T12:29:39-04:00March 29th, 2016|Economy, Federal Reserve/Monetary Policy, Markets|

The Markit Services PMI flash reading for March rebounded from the sub-50 reading in February, but only slightly. The calculation continues to suggest that the “services economy” is following the manufacturing and “goods economy” even if with some lag. The internals of the survey were not any better, with the new orders component falling to the lowest level of the [...]

Economists’ Canada Problem

By |2015-12-01T11:29:15-05:00December 1st, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

Despite everything that happened in July and August throughout the financial world, there remained a tendency to simply dismiss it as anomalous. That was curious in and of itself, but that the global liquidations then were not isolated but rather the latest in a continuing string of “odd” events strains such determined dimness. We have arrived at a point in [...]

The Weekly Snapshot

By |2015-09-07T11:42:48-04:00September 7th, 2015|Alhambra Research, Bonds, Commodities, Markets, Stocks|

Top News Headlines Migrant crisis grips Europe. China finds a way to stop market from falling; trading suspended for parade. US stocks resume slide, down 3.4% for the week. ECB contemplates new round of QE. Markets shrug. Economic News Mixed employment report confuses rate hike calculus. Manufacturing still weak. Chicago PMI, Dallas Fed survey, ISM manufacturing all less than expected. [...]

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