Jill Mislinski's picture

The Institute of Supply Management (ISM) has now released the November Non-Manufacturing Purchasing Managers' Index (PMI), also known as the ISM Services PMI. The headline Composite Index is at 57.2 percent, a 2.4...

Jeffrey D Saut's picture

One of the funnier shows in the Seinfeld comedy series was “Serenity Now.” The show centered on that phrase (serenity now) as George’s father, Frank Costanza, repeats the phrase numerous times every time he gets upset (see it here: serenity).

Michael Shedlock's picture

The Dallas Police and Fire Pension plan is severely underfunded. Not even a $1.1 billion taxpayer bailout the plan officials request will make the plan whole. Discussion of a possible freeze in lump sum payments led to a run on withdrawals.

Matthew Kerkhoff's picture

The monthly nonfarm payrolls report (aka. the “jobs report”) is one of the most important economic reports investors follow each month. Seen as both an important gauge of the economy’s momentum, and a major driver of Fed policy...

ValueWalk's picture

A virtual consensus exists about the probability of a fiscal stimulus under a Trump presidency. Most only debate its size and timing. But that doesn’t appear to be dampening market expectations, with the stock market continuing to set new...

The Conversation's picture

The fact that Donald Trump is the first US president to have a call with his Taiwanese counterpart in nearly four decades, seriously upsetting China in the process, might come as a shock when you think that Taiwan is the world’s 22nd...

Bill Witherell's picture

On Sunday, Italian voters rejected by a wide margin a constitutional reform put forward by Prime Minister Matteo Renzi. The result plunges Italy into a likely period of extended uncertainty and seriously threatens financial stability.

Urban Carmel's picture

The macro data from the past month continues to mostly point to positive growth. On balance, the evidence suggests the imminent onset of a recession is unlikely. That said, there are some signs of weakness creeping into the data.

Marc Chandler's picture

After softening ahead of the weekend, the US dollar has begun the new week on a firm note. It is gaining against most major and emerging market currencies. Outside of what appears to be a staged call between US President Elect Trump...

Patrick O'Hare's picture

Out with the old and in with the new. It happens every year with the Federal Open Market Committee (FOMC) and the regional bank presidents who have a vote on that committee. The turnover occurs January 1...