Wally Becomes Chief Economist for Dilbert, Predicts “Bubble in Monetary Policy”

On the lighter side, in the March 28, 2015 Dilbert, Wally becomes the new chief economist.Wally: "The exchange rate on derivatives will trigger a bubble in monetary policy and deflate the Yen."I like the phrase "bubble in monetary policy". It aptly expresses precisely what has been happening globally.Mike "Mish" Shedlockhttp://globaleconomicanalysis.blogspot.comMike "Mish" Shedlock is a registered… Read More..

Schedule for Week of March 29, 2015

The key report this week is the March employment report on Friday.Other key indicators include the February Personal Income and Outlays report on Monday, March ISM manufacturing index also on Wednesday, March vehicle sales on Wednesday, and the February Trade Deficit on Thursday.Also, Reis will release their quarterly surveys of rents and vacancy rates for offices, apartments… Read More

Earnings “Beat the Street” Manipulation Underway as Profit Warnings Mount

Of S&P 500 companies providing first-quarter outlooks, MarketWatch reports 84% have been negative as Profit Warnings Pile Up.Ahead of the start of earnings reporting season, which unofficially kicks off when Alcoa Inc., reports results on April 8, about 84% of the companies that have provided first-quarter outlooks gave negative outlooks. That’s above the 81% that… Read More

Final March Consumer Sentiment at 93.0

Click on graph for larger image.The final University of Michigan consumer sentiment index for March was at 93.0, up from the preliminary estimate of 91.2, and down from 95.4 in February.This was above the consensus forecast of 91.8. Gasoline prices have probably been the key factor for the recent changes in sentiment. Calculated Risk… Read More

Hotels: On Pace for Best Year on Record

From HotelNewsNow.com: STR: US hotel results for week ending 21 MarchThe U.S. hotel industry recorded positive results in the three key performance measurements during the week of 15-21 March 2015, according to data from STR, Inc.In year-over-year measurements, the industry’s occupancy rose 3.2 percent to 69.3 percent. Average daily rate increased 6.6 percent to finish… Read More

Patriot Act Vote Coming Up: Google joins Apple, Others Requesting Spying Controls

The Patriot act expires in June, and anyone in their right mind would wish the entire concept go away entirely. NSA Spying has a 100% perfect track record of failure.Sadly, the answer to the question Would NSA Data Surveillance End With Patriot Act? is a resounding "No". The National Security Agency would lose its legal… Read More

Yellen: Normalizing Monetary Policy: Prospects and Perspectives

From Fed Chair Janet Yellen: Normalizing Monetary Policy: Prospects and Perspectives. Excerpts: Why Might an Increase in the Federal Funds Rate Be Warranted Later This Year?The Committee's decision about when to begin reducing accommodation will depend importantly on how economic conditions actually evolve over time. Like most of my FOMC colleagues, I believe that the… Read More

BLS: Twenty-Six States had Unemployment Rate Decreases in February

From the BLS: Regional and State Employment and Unemployment SummaryRegional and state unemployment rates were little changed in February. Twenty-six states had unemployment rate decreases from January, 6 states and the District of Columbia had increases, and 18 states had no change, the U.S. Bureau of Labor Statistics reported today.... Nebraska had the lowest jobless… Read More

For Robots Only: Amazon Sponsored Contest; Soft Fingers Needed

Amazon is sponsoring a robot warehouse automation contest to see who can pack the most boxes in the least amount of time without dropping any packages or crushing anything delicate such as cookies.In the contest, in which human workers are not eligible to apply, the robots will have to work without any remote guidance from… Read More

Best Practices in Trading: Organizing Your Daily Routines

There aren't many hard and fast formulas for success in trading, but one that comes close is taking your best practices--what you do when you are successful--and turning those into positive habit patterns.  The way this is accomplished is through the creation of routines.  When we establish a routine--and then make it routine--we take our… Read More