by ogordained
Happy Birthday Bitcoin, born on October 31, 2018 in the midst of the financial meltdown, bitcoin turns 10 years old today. 🎈
UNITED STATES
- The Conference Board’s measure of consumer confidence hit its highest level in 18 years
- It also reveals that US households are confident in the stock market
- Housing inflation is well above wage growth
- Rental homes have outpaced homeowners by a ton
- Business investment plans appear to be tapering off
- Meanwhile, growth in corporate earnings remains robust
- Recently beaten up stocks appear to be recovering as investors hunt for “deals”
- However, the smart money index hit its lowest level in ten years
OTHER
- Retail sales in the UK missed big (Actual 5 | Expected 20)
- And business sentiment is dropping
- The Euro Area GDP missed Q3 growth expectations by half
- Italy’s GDP growth fell dramatically to 0
- And business sentiment is in a tailspin
- Consumer Price Inflation in Germany was greater than expected
- Largely due to a rising oil price, inflation should even out in the months to come
- Japanese industrial production missed expectations
- South Korean industrial production plummeted
- Turkey’s Lira is continuing its recovery after entering a tailspin over the summer
- Mexico’s GDP growth healthily beat expectations
- Meanwhile, their stock market remains battered
CHINA
- The manufacturing sector is softening as exports weaken
- Wage growth is stabilizing after a turbulent period of ups and downs
- New house building is outpacing new home purchases