GREEN LIGHT: It’s that unwonted time of year again, the slow drag of December selloffs has finalized, and the purchasing department dogs are let loose. BAILOUTS: Once an economic downturn presents itself in grandiose enough manner to be leveraged, victimhood goes in vogue.
Red-Hot European Inflation Hits A New Record, Rising By Double Digits For The First Time. In the flash inflation release for September, Euro area headline HICP inflation rose 82bp to a record 10.0% (technically 9.96%), well above the median forecast of 9.7% and marks the fifth straight month the result has exceeded consensus.
Multi-national companies have always had the option to move their primary production hubs as markets and costs shift, but what about small and medium enterprises?
Hurricane Ian strengthened to a Category 3 storm early Tuesday morning, making it the second major hurricane of the Atlantic hurricane season. Ian hit the western half of Cuba overnight Monday with winds just over 100 mph and extremely heavy rainfall.
After last month’s jarring 12.6% tumble, which sent the SAAR to the lowest level since Jan 2016, US new home sales were expected to slide again if at a far more moderate pace
Comments confirmed that the mood is dismal and turning uglier by the day: “Although U.S. housing prices remain substantially above their year-ago levels, July’s report reflects a forceful deceleration,” says Craig J. Lazzara, Managing Director at S&P DJI.
In a nice surprise to the upside, the Census Bureau housing report indicated that housing starts jumped a larger-than-expected 12.2% to a 1.575-million-unit pace,