THE INTENSITY OF THE IMMIGRATION DEBATE, EXPLAINED: The fact that the Bush’s are supporting the illegal immigrants should tell everyone that Trump is on the Right side of this issue. h/t GR
by WARREN MOSLER More weakness: Highlights Yesterday’s new home sales report showed less strength than expected while today’s existing home sales results are outright disappointing. Sales fell 2.5 percent in April to an annualized rate of 5.460 million which falls below …
by WARREN MOSLER Q4 worse than expected and prior quarter revised lower, which means downward GDP revisions: Highlights The current-account deficit increased to a roughly as-expected $128.2 billion in the fourth quarter vs the third quarter’s slightly revised $101.5 billion deficit …
by WARREN MOSLER Deteriorating rapidly now? Not good: This is, fundamentally, seriously strong euro stuff: No improvement here as, most recently, growth has gone to 0:
by WARREN MOSLER Less than expected and last month’s number revised a bit lower, so still no contribution to growth for the year: Highlights Lack of supply pulled down existing home sales in December and may very well pull down sales …
by Anthony B Sanders December existing home sales, according to the National Association of Realtors, fell -3.6% from the previous month. This was worse than the expected -1.9% decline. But on a positive note, existing home sales ROSE 1.1% on …