The Sharp Bifurcation In The Economy Continues
The big monthly news this week was August's LEI, which declined -0.1. This index is only up 0.1 for the last 5 months. The Conference Board, which compiles the index, believes this indicates continued but very slow growth. While building permits, starts, and existing home sales continued to show a recovering housing market from very low levels, the Empire State and Philly Indexes added to the evidence that manufacturing is actually contracting. The high frequency weekly indicators should show turns before they show up in monthly or quarterly data. These...
Published By: Business News - Saturday, 22 September, 2012
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Bank Of Japan Keeps Monetary Policy Unchanged 
Business News (Yesterday) - The Bank of Japan just updated us on its monetary policy. As expected, it's keeping things unchanged. The BoJ is continues to plan to expand the monetary base by 60-70... 
And There Goes The Japanese Market Spiking Again Business News (3 days ago) - The can't-lose market continues. Japan up another 1% to start the week. The real big news though to start the week is the hard selloff in silver, as the pain...
