News

US House Prices At 7-Year Highs April 07, 2015

Posted by Knowledge Leaders Team in News

Corelogic’s home price index came out this morning and showed that home prices across the board, including and excluding distressed sales, are at a 7-year high in the US. Single-family combined homes including distressed sales rose by 1.12% MoM in March. Excluding distressed sales, it rose by 1.45% MoM.

Read More

United Internet: At a Technical Crossroads April 06, 2015

Posted by Knowledge Leaders Team in News

With European markets still closed today, there is very little in the way of company news.  One item that caught our eye, however, was an analyst upgrade (from ’Reduce’ to ’Add’) for United Internet, the German Internet Software & Services company.

Read More

Is the Fall in the EUR Overdone? April 02, 2015

Posted by Knowledge Leaders Team in News

Upwardly revised projections for growth as well as inflation (details available here), combined with stronger than expected macro data in the Euro Zone… …and fears of a bubble in bonds, as yields extend into negative territory further out on the maturity spectrum… …have raised questions regarding the possibility that the ECB could decide to temper

Read More

Construction Spending: What The US Spends Money Building April 01, 2015

Posted by Knowledge Leaders Team in News

The latest (February) construction spending report was released by the Census Bureau today. This report provides a ”monthly estimate of total dollar value construction done in the US” for both new structures and improvements to existing structures. It also covers both public and private projects.

Read More

Redux: World Inflation Falls To A New 5-Year Low March 31, 2015

Posted by Knowledge Leaders Team in News

It’s become a running theme, at least since last September, but the latest release of CPI numbers from around the world has brought our simple average World CPI proxy to its lowest level since the financial crisis. For the period ending in February, our World CPI proxy hit just 1.01% year-over-year.

Read More

Are US Home Builders Putting In A Multi-Year Top? March 20, 2015

Posted by Knowledge Leaders Team in News

Early this week, we noted how the weakness in housing starts was reflected in weaker lumber prices. While many commentators excused the weak housing starts data by blaming the weather (which no doubt affected it to some degree), there was a lone bright spot in the report if one looked at building permits.

Read More

No, Lumber Liquidators Isn’t To Blame For Weak Lumber Prices March 17, 2015

Posted by Knowledge Leaders Team in News

February housing starts were released this morning and they were pretty terrible. Expectations were for starts to come in around 1.048 million. Instead, housing starts came in at a paltry 897K. Housing starts are now at the level as they were in January 2013.

Read More

Import And Export Prices Are Tumbling Downward Worldwide March 02, 2015

Posted by Knowledge Leaders Team in News

World import and export prices finished 2014 with the largest year-over-year decline since 2009 according to the CPB world trade monitor. Export prices declined by 9.2% YoY% and import prices declined by 8.8%. No area in the world escaped the deflation in trade prices as the decline in prices was broad based.

Read More