Stratfor: Europe Rediscovers Nationalism

January 15th, 2015
in stratfor, eurozone and euro


In his latest novel, French writer Michel Houellebecq presents a controversial situation: The year is 2022, and France has become an Islamicized country where universities have to teach the Koran, women have to wear the veil and polygamy is legal. The book, which created a stir in France, went on sale Jan. 7. That day, a group of terrorists killed 12 people at the headquarters of French satirical magazine Charlie Hebdo.

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January 2015 Philly Fed Manufacturing Survey Declines Sharply For the Second Month.

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The Philly Fed Business Outlook Survey growth declined and is now suggesting weaker growth - however this is the eleventh month in a row of expansion. Key elements remain in expansion. This survey came in well under expectations.

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January 2015 Empire State Survey's Noisy Index Returns to Expansion

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The Empire State Manufacturing Survey rose almost the same amount as it fell last month, and returned to contraction. Key internals were mixed - but generally also recovered from last month's decline.

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December 2014 Producer Price Inflation Continues to Moderate For the Past 4 Months

January 15th, 2015
in aa syndication, prices - ppi, cpi, etc

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The Producer Price Index inflation continued its growth deceleration. In all events, the intermediate processing continues to show a very large deflation in the supply chain.

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November 2014 Business Inventories and Sales Had a Bad Month

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Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) shows unadjusted sales declined compared to the previous month. This series is moderately noisy, and the real metric is the 3 month rolling averages - and that metric continues to decelerate but still remains within the range seen in the last 18 months.

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