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Upbeat Economic News

an class="excerpt_part">...also well above the 9.5% expected. Commenting on the latest Philadelphia Fed, the survey organizers said that manufacturing activity in the region continued to grow, with “general activity, shipments, and...an>

Asian Propylene

an class="excerpt_part">...The cracker is able to produce 430,000 m tpa of propylene. According to latest data by the Chinese customs department, China’s propylene imports rose 33.3% month on month to 293,410...an>

Debt Picture

an class="excerpt_part">...the highest in a decade. As confirmation, expect delinquency trends to turn sharply higher over the coming months as higher interest rates come home to roost. Source: NY Fed https://www.zerohedge.com/news/2018-02-13/household-debt-rises-572-billion-ends-2017-new-all-time-high...an>

Home Prices Tumble

an class="excerpt_part">...first time since 2012 in July, Case-Shiller’s 20-City Composite Home Price index was expected to drop even faster in August (the latest data available) as mortgage rates soared, crushing affordability....an>

New Home Sales Rise

an class="excerpt_part">...the housing recovery was finally saturated, at least when it comes to new housing even as demand for existing homes remained robust. However, moments ago the latest data from the...an>

Huge Drop in Refinery Grade Propylene

an class="excerpt_part">...trade came late Tuesday at 34.75 cents/lb via railcar for January. Railcar activity falls outside Platts' assessment methodology, but those deals typically carry a 1 cent/lb premium to MtB-pipe. http://www.platts.com/latest-news/petrochemicals/houston/us-refinery-grade-propylene-falls-to-lowest-price-26977411...an>

New Home Sales Rise

Green Shoots

an class="excerpt_part">...2023, with almost 50% saying it will happen in the second half of the year. “Despite all the bad headlines and mixed datapoints on macro, our latest quarterly Shipper Survey...an>

FR Debate in MA

an class="excerpt_part">...without ever complaining. They’re the only people in the world who run into a fire, and they’re asking us to take the science seriously and help protect their lives.” https://www.gloucestertimes.com/news/local_news/lawmakers-restart-flame-retardant-bill-debate/article_6610b8f4-d345-5c52-9458-2f3fd528d491.html...an>

Currency Fluctuations

an class="excerpt_part">...yen which makes Japan seem like a B-grade emerging market, overnight the BOJ said it would buy 550BN yen of 5-10 year bonds at the latest scheduled operation, up from...an>