In this Mid-Quarter Update, we discuss our analysis on the following topics: -Recent readings on consumer confidence have rolled over. The surveys are validated by the stagnation in real consumer spending in the last few months. -In conjunction with the slowdown in house sales and durable goods...
Data released today revealed a jump in both bankruptcies and forced property sales in Denmark: Why do we care?...
The economic data out of the US recently has been somewhat ”meh” recently. It hasn’t been overly encouraging but it also hasn’t been disastrous. This can be seen in the Citi Economic Surprise Index where the index has been hanging out just below the zero...
Japanese consumer confidence today dropped to the lowest reading since December 2012, signaling perhaps (despite the nearly 100% price gain in the Nikkei over the last two years) not all is fixed in the land of the rising sun....
Important survey data out of Europe today points to a growing disparity between the region’s two largest economies....
Consumer confidence for November came in below expectations at 70.4. The expectations series has declined for the past four months and may indicate that real personal consumption growth will slow....
Yesterday we cited the weaker Economy Watchers Survey as the latest indicator to suggest printing money on overdrive is no more a panacea than printing money in 4th gear (as we have in the US)....
The overall consumer confidence index fell from 80.2 to 71.2 in October due mainly to the government shutdown this past month. The consumer confidence survey also takes the temperature of consumers in different income brackets. What caught our eye was the difference in confidence between...
One data point does not make a trend, but we will be watching to see if the recent down tick in Australian consumer confidence is leading the US manufacturing ISM lower....
