Friday, April 8, 2016:
Indian oil demand could take off similar to China int eh late 1990s.
China's four horsemen threatening: Leverage, Non-performing loans, property markets and equities.
REITs large net sellers of CRE
ULI Real Estate Consensus forecast cautious to bearish on CRE transactions
Thursday, April 8, 2016:
Rail Traffic down 14.2% from 2015.
Atlanta Fed GDPNow tracking 0.4%.
Reason to doubt the effectiveness of China's approach to clean up debt problem.
How much is Fed willing to let inflation overshoot 2%?
Goldman expects oil (WTI) at $55-$60 by 2017
Wednesday, April 7, 2016:
Chinese PMI rose to 52.2 from 51.2. The employment sub-idex dropped to 48.9 from 51.3
A lot of troubled companies that are overleveraged are going to have to face distress
Negative rates in Sweden have become counter-productive as they signal problems with the economy
German Industrial production was revised down to 2.3% from 3.3% in January
Tuesday, April 6, 2016:
The Treasury will impose a 3-year limit on foreign companies bulking up on US assets to avoid ownership limits for a later inversion deal.
India's central bank lowered its key interest rate 1/4 of a percent.
Japan's Finance Minister outlined how the government will pull forward spending.
Port holdings of iron ore in China climbed 2.3% to 97m tons last week. With current prices around $55, both Goldman and Citi expect ore prices around $35 to $38 by year end.
Monday, April 4, 2016:
Indian Steel Giant Tata expects to shut its British plants
Closure of Tata to put a hole in British supply chain effecting many small firms
Japan will need economic measures (more stimulus) in 2nd half of fiscal year
Iran will continue increasing production, Russia reported highest production in 30 years
European unemployment dropped to 10.3 from 10.4
Friday, April 1, 2016:
Saudi Arabian government going to IPO Aramco
Chinese PMI rost to 50.2 from 49
China National Offshore Oil Corp, China Nation petroleum and China Petrochemical Corp.
had their outlooks downgraded to negative from stable
Data suggests manufacturing in Europe grew by 0.2%
Thursday, March 31, 2016:
Chicago Fed Pres Evans (alternate) sees the balance of risks tilted to the downside
S&P cuts Chinese Rating to negative from stable
For the first 12 weeks of 2016, US railroads reported volume down 13.7% y/y
US crude stockpiles rose by 2.3 million barrels, the 7th week at record highs
Wednesday, March 30, 2016:
Chines President Xi Jinping said the world economy is going through a period that is complicated and causing instability.
Japanes trust banks will start using negative rates on institutional clients
European banks are predicting yields are headed lower as the ECB buys more bonds
Corn planting in Arkansas, Louisiana and Mississippi is significantly lagging average seeding rates
Tuesday, March 29, 2016:
Beware of the "Buffalo Jump."
"The outlook for financial stability in the UK has deteriorated," the BOE said.
US Farmers are set to plant more corn, taking a chance higher sales will make up for falling prices.
China plans to scrap its corn stockpiling scheme.
Monday, March 28, 2016:
SF Fed Pres. Williams: "The real issue is the global financial and economic developments."
The weakness in the job market hits at a paramount concern for the Chinese.
Profits earned by Chinese industrial firms in January and February combine up 4.8% y/y
California legislators and labor unions to move the minimimum wage from $10 to $15
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