Top Economic News

 

the growing supply of new apartments, primarily in the Class A space, appears to have finally reached a evel to slow rent growth.
The Opec meating has started.  Many think the economic and political obstacles to their cooperation are too high.
​MogIA, an artificial intelligence system, that has correctly called the last 3 elections, has Trump winning.
A Ukranian group called Cyber Hunta has releaed more than a gigabyte of emails from one of Putin's top aide.
Poland is ignoring the EU commission and pursuing what they are calling "patriotic policies."
Where the Italian labor market is better than the US.
The average American man will die a few months short of his 86th birthday and woman around 88.

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Unconventional monetary policies are undermining fundament market mechanisms.
In the quarter following the Brexit vote, UK GDP rose 0.5% v. expectations of a 0.3% rise.
Passporting, which allows London-based lenders and insurance companies to sell their services anywhere in the EU will not be back.  An alternative called equivalance is being floated.
the jobless rate in Spain dropped to 18.9%, down from 20%.
Germany will pay about $5B less euros in interest on its debt. Germany is in a drive to reduce its debt to less than 60% of GDP, last seen in 2002.
Based on current data available, next year will unlikely see the supply-demand balance tighten.
On the first day there were ten suicide bombers coming at us from all directions.
 

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Yellen has sketched out what could be a justification for keeping the Fed's interest rate target lower for longer.
Until the basic challenge of generating high and inclusive growth is overcome, the Fed's normalization process will be far from automatic.
China's central bank will take into account off-balance sheet financing at commercial banks to access their overall health.
Twitter is supposed to announce job reductions prior to third-quarter earnings on Thursday.​
Goldman continues to trim its workforce.
Nato will press allies on Wednesday to contribute to its biggest military build-up on Russia's borders since the cold war.
Apain is reviewing a request by a Russian flotilla to refuel in its North Africab enclave of Cueta

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Voters in 75 percent of the euro-area economy cast ballots in 2017.
"Even mild de-globalization will slow the pace of trend global growth."
Expansion of cross-border trade links and the attendant increase in the power of supranational authorities to adjudicate economic matters is a direct threat to representative democracy.
In the UK, a poll condicted by Survation Ltd. showed over 50% of the respondents worried more about immigration than losing trade benefits.
The UK government announced Tuesday that it had taken the decision to approve Heathrow expansion.
Demand growth for Aluminum remains healthy as demand from China was higher than expected.
The President of Hong Kong legislators delayed the swearing in of two pro-independence lawmakers.
Philippine President Duterte said Washington can forget about a military agreement if he is in power longer.
New installations of renewable energy overtook conventional pwer for the first time in 2015.

 

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Iraq, OPEC's second largest producer, said because they are in the middle of a war they should be exempt from a cut in oil production.
Russia, who may join the agreement in cutting oil production, said it was too early to give concrete numbers.
A Chinese security camera maker said, its products were the conduit to launch a cyber-attack that cut internet service for millions of users.
Two months after China's Midea Group attempted to become the largest shareholder in one of Gemany's most advanced robot manufacturer, it has come to fruition.
Chinese companies are buyin up overseas assets at a faster pace than US buyers.
The German Government has withdrawn its approval for a Chinese takeover of chip maker Aixtron.
France began clearing the sprawling migrant camp in Calais.
​The Markit euro zone purchasing managers' index rose to 53.7 from 52.6.

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Managers blame a wall of index-fund money and algorithmic trading for warping markets.
Draghi said Europe's QE program is unlikely to end in March 2017.
ISIS launched a major counter-attack on the city of Kirkuk.
ISIS have taken 550 families from villages around Mosul and are holding them most likely to be used as human shields.
The Russian foreign minister said he suspected the West wants to protect the Nusra Front because one day they will use them to topple President Bashar al-Assad.
The UN said medical evacuations from eastern Aleppo had not begun because of lack of security.
The Syrian government said they have buses and ambulances ready (who in their right mind would get into a bus or ambulance provided by the Syrian government).
Led by Italian PM Renzi, EU leaders have ruled out introducing a fresh bout of sanctions against Russia.
Russia will produce a record amount of oil next year as it looks for global producers to reduce production.

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Saudi Arabia raised $17.5B in the biggest ever bond sale from an emerging market.
In 58 out of 100 real estate makets in the US, mortgage rates would have to top 100% before renting is a better deal.
Concern over the Brexit is appearing more in commercial construction than in residential.
Rex Tillerson, head of Exxon Mobil said, "Never bet against the creativity and tenacity of our industry."
According to Iraq's PM, the offensive to seize back Mosul is going faster than planned.
Turkish jets pounded a US backed group of Kurdish-led militia fighters in northern Syria.
Iran has stepped up weapons transfers to the Houthis, the militia​ fighting the Saudi-backed government in Yemen.
For the first 41 weeks of 2016, U.S. railroads reported cumulative volume of 10,264,083 carloads, down 10.3 percent from the same point last year.
 

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47% of all jobs are threatened by automation.
There were a bevy of reasons for fund managers to continue adding to their cash balances.
Foreigners are on track for their biggest annual exodus from Japanese equities since 1987.
China's economy expanded at 1.8% on a quarterly basis and 6.7% y/y.
China's holdings of US treasuries fell to the lowest level since November 2012.
The US expects the Islamic State to use crude chemical weapons.
The lower house of the Russian parliament approved suspending a plutonium accord with the US.
The Saudi energy minister said oil is at the end of the downturn.
For the first 41 weeks of 2016, U.S. railroads reported cumulative volume of 10,264,083 carloads, down 10.3 percent from the same point last year.

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US officials acknowledge gaps and risks in the plan for Mosul.
A growing body of research suggest that demographic headwinds are reining in potential growth.
The average American works 19% more than the average European.
China released their GDP numbers on Wednesday, and the Chinese Premier Li Keqiang gave markets a heads up on the number saying, the economy performed better than expected.
China's housing market resembles the Bermuda triangle for economists, time and time again sinking their expectations for a collapse.
Mike Prestwood, head of inflation for the Office of National Statistics in the UK told Reuters, "There is no explicit evidence the lower poiund is pushing up prices for everyday consumer goods."
Goldman see the odds of infation falling below 1.25% is decreasing.​

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US says littoral combat ship is in Singapore and combat ready.
Boston Fed President Rosengren (voter) says US economy heading for a hot labor market.
Depending on who you are talking to, Libor rates will go higher or lower from here.
3-month Saudi Interbank offered rate has gained 84 BPS this year to 2.386%, indicating a lot of stress in their banking system.
The 10 largest lenders (Central Banks) now own assets totaling $21.4T, a 10% increase from the end of last year.
US driller continue to add oil rigs as oil prices increase.
 

Click here to download a pdf of this article, Missile.pdf