26 October 2015



Today’s Issue Cluster: US Economy



MAJOR DATA POINTS

Germany – Oct: Ifo business optimism resilient after VW scandal; 108.2 from 108.5 / AP / B / AFP

US – Sep: New-Home Sales Fall 11.5%, +/- 11.3% WSJ / AP / B / R


MARKETS

Stocks – Tech Stalwarts Drive Market Surge WSJ *

Stocks – Anxiety Lies Beneath Advance WSJ *


ECONOMICS

US – Companies Warn of Slowing Economy WSJ

US – Economists are starting to warn about a new recession wapo * *

US – GDP statistics are becoming less reliable E *

US – No benefit hike for Social Security next year AP / WSJ *



POLITICS & FISCAL POLICY

Argentina – Heads for Presidential Runoff in Shock Result WSJ / FT

Argentina – Election Won’t Make Investors Rush In WSJ

Argentina – No Easy Economic Options for Next President WSJ *

Argentina – Economy a poisoned chalice for president’s successor FT *


MONETARY POLICY

Fed – Economists still see rate rise before year-end FT * *

Fed – Betting Against a Fed Rate Rise WSJ *

Fed – CPI Fall Clouds Rate Decision WSJ *

Fed – What if rates never rise? FT *

Fed – Problem in Finding the Neutral Rate B * *


FINANCE

US – Emerges as potential headquarters for HSBC FT / FT / FT

US – Big Banks to Firms: We Don’t Want Your Cash WSJ *

US – S&Ls Adapting To Flatter Yield Curve IBD


REAL ESTATE

US – Existing Home Sales Surge WSJ *

US – Tech money causes waves on Silicon Beach FT * *

US – Framing Lumber Prices down Sharply cr *

US – Building Materials Are Riding Real Estate’s Rebirth IBD

US – NMHC Apartment Market Slightly Tighter / cr *

US – Strong Rebound for Architecture Billings / cr *


LABOR & EDUCATION



SERVICES



MANUFACTURING



TECH

Cloud – Google + Microsoft + Amazon = Cloud Burst WSJ *

Cloud – H-P Winds Down Project WSJ

Cloud – Optical Gear Makers Groom Products IBD


TRADE & TRANSPORTATION

Ship – US Port Exports Are Coming Up Empty WSJ

Ship – LA area Port Traffic declines / cr *


COMMODITIES

Water – The Strongest El Nino in Decades B *

Water – California’s Growers Bear Brunt of Drought Woes WSJ *


ENERGY & ENVIRONMENT



HEALTH



ENDNOTE

Which names were number one in 2014 by state huffpo *


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