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The economy's poppin' --from here:

 

Statistic For Actual Briefing Forecast Market Expects Prior Revised From
Existing Home Sales Oct 5.60M 5.38M 5.40M 5.49M 5.47M
MBA Mortgage Index 19-Nov 5.50% NA NA -9.20% -
Initial Claims 19-Nov 251K 245K 243K 233K 235K
Continuing Claims 12-Nov 2043K NA NA 1977K -
Durable Orders, Ex-Transportation Oct - NA NA 0.20% -
Durable Orders Oct 4.80% 2.20% 1.10% 0.40% -0.10%
FHFA Housing Price Index Sep 0.60% NA NA 0.70% -
New Home Sales Oct 563K 580K 587K 574K 593K
Michigan Sentiment - Final Nov 93.8 91.8 91.6 91.6 -
Crude Inventories 19-Nov -1.255M NA NA 5.274M -
Natural Gas Inventories 19-Nov - NA NA 30 bcf -
Natural Gas Inventories 19-Nov -2 bcf        

 

Click the link if the data come out garbled; bottom line is that we got lots of good news and it looks like a Dec. rate hike's on the way:

Federal Reserve officials at the November meeting favored a rate hike soon, minutes out Wednesday showed, reinforcing December move expectations.

1 posted on 11/25/2016 1:55:22 AM PST by expat_panama
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To: expat_panama

This is not possible. We were told by our betters that a Trump win would crater the world’s financial systems.

http://www.nytimes.com/interactive/projects/cp/opinion/election-night-2016/paul-krugman-the-economic-fallout

Paul Krugman: The Economic Fallout

2016-11-09T00:42:44-05:00 12:42 AM ET

It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?

snip

So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.


2 posted on 11/25/2016 2:01:29 AM PST by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: expat_panama

http://www.wsj.com/articles/retailers-push-early-start-to-black-friday-sales-1479992401

Retailers Push Early Start to Black Friday Sales
By Suzanne Kapner
Updated Nov. 24, 2016 9:21 p.m. ET

Shoppers spent $27.2 billion between Nov. 1 and Nov. 23, a 4.3% increase over a year ago during that same time frame, according to Adobe Systems Inc., which analyzed data from 21 billion visits to retail websites. Adobe predicted that online spending on Thanksgiving Day would reach $2 billion, up 16% from a year ago.

snip

The National Retail Federation forecasts total holiday shopping will rise 3.6% to $655.8 billion from a year ago with 137.4 million people shopping in stores and online during Thanksgiving weekend alone.

In what some analysts have dubbed the “Trump Bump,” they are hopeful that President-elect Donald Trump will stimulate the economy and lower taxes, which means “a large segment of the population that was previously reluctant to spend,” wrote Citi analyst Paul Lejuez, in a research note, “now feels better.”


4 posted on 11/25/2016 2:19:35 AM PST by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: expat_panama

How reliable is this data? Is it being released to justify a rate hike which would cause the markets to tank (at least temporarily) and complicate President Trump’s plans?


6 posted on 11/25/2016 2:45:50 AM PST by PLMerite (Lord, let me die fighting lions. Amen.)
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To: expat_panama

The past 7.87 years the world’s economy reacted bearishly towards an America run like an African potentate by a goof and his party of criminals.

That the economic engines of the world have become energized so dramatically with only the election of a new sheriff, speaks well of the selection.

God Bless The Trumps and Bless America!


7 posted on 11/25/2016 3:07:33 AM PST by urbanpovertylawcenter (the law and poverty collide in an urban setting and sparks fly)
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