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  • Mon, Mar 12 2018
  • 5:08 PM » US Posts Biggest Budget Deficit Since 2012
    Published Mon, Mar 12 2018 5:08 PM by Bloomberg
    Bloomberg US Posts Biggest Budget Deficit Since 2012 Bloomberg The U.S. recorded a $215 billion budget deficit in February -- its biggest in six years -- as revenue declined. Fiscal income dropped to $156 billion, down 9 percent from a year earlier, while spending rose 2 percent to $371 billion, the Treasury ... and more »
  • 5:08 PM » US states with the worst income inequality
    Published Mon, Mar 12 2018 5:08 PM by CNBC
    And the 10 states where inequality is growing fastest.
  • 4:36 PM » Bond Market's Most Feared Traders Threaten Treasuries Once Again
    Published Mon, Mar 12 2018 4:36 PM by Bloomberg
    Bloomberg Bond Market's Most Feared Traders Threaten Treasuries Once Again Bloomberg As the former head of Salomon Brothers' Treasuries desk, the last thing on his mind running the world's biggest debt trader in the 1970s and 80s was fighting Washington's fiscal largesse. He had a much simpler agenda: survive. In an era when inflation ... and more »
  • 4:36 PM » Here's how bond investors can position themselves with rates on the rise
    Published Mon, Mar 12 2018 4:36 PM by CNBC
    One portfolio manager recommends bond investors look to high-grade bonds over high-yield in a rising rate environment.
  • 2:41 PM » Larry Kudlow's former boss thinks he would be the 'wrong voice' to replace Cohn at the White House
    Published Mon, Mar 12 2018 2:41 PM by CNBC
    Larry Kudlow won't be able to wake-up Trump from an economic agenda that's "off the deep end," says David Stockman.
  • 2:38 PM » Trump wants a 'phase two' of tax cuts
    Published Mon, Mar 12 2018 2:38 PM by CNBC
    Trump previously joked about "phase two" while speaking to GOP lawmakers in February.
  • 2:38 PM » February Employment Report: Prime Participation and Diffusion Indexes
    Published Mon, Mar 12 2018 2:38 PM by Calculated Risk Blog
    Two more graphs based on the February employment report ... The BLS diffusion index for total private employment was at 68.6 in February, up from 58.9 in January. For manufacturing, the diffusion index was at 69.1, up from 59.2 in January. Click on graph for larger image. Think of this as a measure of how widespread job gains are across industries. The further from 50 (above or below), the more widespread the job losses or gains reported by the BLS.  Above 60 is very good.  From the BLS : Figures are the percent of industries with employment increasing plus one-half of the industries with unchanged employment, where 50 percent indicates an equal balance between industries with increasing and decreasing employment. Overall both total private and manufacturing job growth was widespread in February. The second graph shows the employment-population ratio and participation rate for those 25 to 54 years old. Since the overall participation rate has declined recently due to cyclical (recession) and demographic (aging population, younger people staying in school) reasons, here is the employment-population ratio for the key working age group: 25 to 54 years old. In the earlier period the participation rate for this group was trending up as women joined the labor force. Since the early '90s, the participation rate moved more sideways, with a downward drift starting around '00 - and with ups and downs related to the business cycle. The 25 to 54 participation rate increased in February at 82.2%, and the 25 to 54 employment population ratio increased to 79.3%. The participation rate has been trending down for this group since the late '90s, however, with more younger workers (and fewer 50+ age workers), the prime participation rate might move up some more.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 2:37 PM » CFPB finalizes amendments to timing requirements for bankruptcy periodic statements
    Published Mon, Mar 12 2018 2:37 PM by www.consumerfinancemonitor.com
    The CFPB recently issued its final rule amending the timing requirements for transitioning between unmodified periodic statements and modified statements for consumers in bankruptcy. Initially proposed on October 4, 2017, the CFPB finalized the amendments without further revision. These changes will go into effect on April 19, 2018, along with the other servicing rule amendments... Continue Reading
    Click Here to Read the Full Article

    Source: www.consumerfinancemonitor.com
  • 12:56 PM » Princeton Must Build More Affordable Housing, NJ Judge Rules
    Published Mon, Mar 12 2018 12:56 PM by Bloomberg
    Bloomberg Princeton Must Build More Affordable Housing, NJ Judge Rules Bloomberg Princeton, one of America's richest towns, must build more affordable housing, a judge ruled in a decision that may have ripple effects across New Jersey. The home of Princeton University, the state's only Ivy League school, must plan for 753 low-and ... and more »
  • 12:47 PM » Corporate tax rates have fallen 9% since the financial crisis
    Published Mon, Mar 12 2018 12:47 PM by CNBC
    Despite government attempts to target tax dodgers, the reality is that multinational corporations are paying much lower taxes since the financial crisis, the FT reports.
  • 11:38 AM » Cramer: Larry Kudlow is the front runner to be Trump's top economic advisor, replacing Gary Cohn
    Published Mon, Mar 12 2018 11:38 AM by CNBC
    Kudlow would take the job if offered it, CNBC's Jim Cramer reports.
  • 10:57 AM » BLS: Unemployment Rates Lower in 6 states in January; Alabama, California, Maine and Mississippi at New Series Lows
    Published Mon, Mar 12 2018 10:57 AM by Calculated Risk Blog
    From the BLS: Regional and State Employment and Unemployment Summary Unemployment rates were lower in January in 6 states and the District of Columbia and stable in 44 states , the U.S. Bureau of Labor Statistics reported today. Sixteen states had jobless rate decreases from a year earlier and 34 states and the District had little or no change. The national unemployment rate was unchanged from December at 4.1 percent but was 0.7 percentage point lower than in January 2017. ... Hawaii had the lowest unemployment rate in January, 2.1 percent. The rates in Alabama (3.7 percent), California (4.4 percent), Maine (3.0 percent), and Mississippi (4.6 percent) set new series lows. (All state series begin in 1976.) Alaska had the highest jobless rate, 7.3 percent. emphasis added Click on graph for larger image. This graph shows the current unemployment rate for each state (red), and the max during the recession (blue). All states are well below the maximum unemployment rate for the recession. The size of the blue bar indicates the amount of improvement.   The yellow squares are the lowest unemployment rate per state since 1976. Twelve states have reached new all time lows since the end of the 2007 recession.  These twelve states are: Alabama, Arkansas, California, Colorado, Hawaii, Maine, Mississippi, North Dakota, Oregon, Tennessee, Texas, and Wisconsin. The states are ranked by the highest current unemployment rate. Alaska, at 7.3%, had the highest state unemployment rate. The second graph shows the number of states (and D.C.) with unemployment rates at or above certain levels since January 2006. At the worst of the employment recession, there were 11 states with an unemployment rate at or above 11% (red). Currently one state, Alaska, has an unemployment rate at or above 7% (light blue); And only Alaska is above 6% (dark blue).
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:57 AM » Hedge Funds That Use AI Just Had Their Worst Month Ever
    Published Mon, Mar 12 2018 10:57 AM by Bloomberg
    Bloomberg Hedge Funds That Use AI Just Had Their Worst Month Ever Bloomberg Hedge funds that use artificial intelligence and machine learning in their trading process posted the worst month on record in February, according to a Eurekahedge index that's tracked the industry from 2011. The first equity correction in two years ... and more »
  • 9:31 AM » Oil Rigs "Big rig drop, another inflection point"
    Published Mon, Mar 12 2018 9:31 AM by Calculated Risk Blog
    A few comments from Steven Kopits of Princeton Energy Advisors LLC on Mar 9, 2018: • Total US oil rigs were down this week, -4 to 796 • Horizontal oil rigs fell, -5 to 694. This was the third biggest weekly drop since the trough of the cycle in May 2016 ... • None of the plays, except the Permian, is above their July 2017 peak • We appear to be once again looking at an inflection point • Both Harold Hamm (CLR) and Mark Papa (ex-EOG) have warned that shales will not live up to expectations. Rig counts ex-Permian support this thesis. Click on graph for larger image. CR note: This graph shows the US horizontal rig count by basin. Graph and comments Courtesy of Steven Kopits of Princeton Energy Advisors LLC.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:46 AM » How loanDepot became #5 U.S. retail lender in just 8 years (Bloomberg TV)
    Published Mon, Mar 12 2018 8:46 AM by The Basis Point
    CFO Bryan Sullivan breaks it down for Bloomberg TV. The post How loanDepot became #5 U.S. retail lender in just 8 years (Bloomberg TV) appeared first on The Basis Point .
    Click Here to Read the Full Article

    Source: The Basis Point
  • 8:43 AM » Bond Traders Haven't Been So Leery of US Auctions Since Crisis
    Published Mon, Mar 12 2018 8:43 AM by Bloomberg
    Bloomberg Bond Traders Haven't Been So Leery of US Auctions Since Crisis Bloomberg Add one more thing to the list of worries for the world's most indebted nation: weakening demand at its bond auctions. While there's no danger of the U.S. being unable to borrow as much as it needs, over the past two years, the drop-off has been ... and more »
  • 8:43 AM » U.S. Household Net Worth Hits Record $98.7T
    Published Mon, Mar 12 2018 8:43 AM by www.builderonline.com
    U.S. Household Net Worth Hits Record $98.7T
    Click Here to Read the Full Article

    Source: www.builderonline.com
  • 8:43 AM » Where Homes Are Flying Off the Market—and Where They're Lingering Longest
    Published Mon, Mar 12 2018 8:43 AM by www.realtor.com
    Not all housing markets are created equal. We looked at where homes are selling the fastest and where they're selling the slowest. The post Where Homes Are Flying Off the Market-and Where They’re Lingering Longest appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
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