Opinions Uncensored

Friday: July Personal Income and Outlays, Consumer Sentiment

A couple of excerpts from a Merrill Lynch research note, first on the possibility of a September rate hike, and second their forecast for August NFP: Markets are now pricing a fairly slim chance that the Fed will hike in September, taking to heart the remarks by New York Fed President Bill...

Final August Consumer Sentiment at 91.9

The final University of Michigan consumer sentiment index for August was at 91.9, down from the preliminary reading of 92.9, and down from 93.1 in July.This was below the consensus forecast of 93.3.

Imagination Sets In

One of my constant themes over the past few years is the underfunding of state and local pension plans. Illinois is particularly bad, but let's look at some aggregate data.The National Association of State Retirement Administrators (NASRA) provides this grim-looking annual picture.Annual...

Schedule for Week of August 30, 2015

The key report this week is the August employment report on Friday.Other key indicators include the August ISM manufacturing index and August vehicle sales, both on Tuesday, and the July Trade Deficit on Thursday.----- Monday, August 31st -----9:45 AM: Chicago Purchasing Managers Index for...