Archive for June, 2015

STR on Hotels: “The Best Fundamentals (Maybe in Our Lifetime)”

June 19, 2015 5:31 pm
STR on Hotels: “The Best Fundamentals (Maybe in Our Lifetime)”

First from HotelNewsnow.com: Record US results set stage for more growth April 2015 saw the highest annualized occupancy in the U.S. hotel industry’s history, [Amanda Hite, president and COO of STR said]. During the 12 months ending in April, demand was up 4.5%, which is above the industry’s 20-year compound […]

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BLS: Twenty-Five States had Unemployment Rate Increases in May

2:55 pm
BLS: Twenty-Five States had Unemployment Rate Increases in May

From the BLS: Regional and State Employment and Unemployment Summary Regional and state unemployment rates were little changed in May. Twenty-five states had unemployment rate increases from April, 9 states and the District of Columbia had decreases, and 16 states had no change, the U.S. Bureau of Labor Statistics reported […]

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Fed: Q1 Household Debt Service Ratio Very Low

1:45 pm
Fed: Q1 Household Debt Service Ratio Very Low

The Fed’s Household Debt Service ratio through Q1 2015 was released this week: Household Debt Service and Financial Obligations Ratios. I used to track this quarterly back in 2005 and 2006 to point out that households were taking on excessive financial obligations. These ratios show the percent of disposable personal […]

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ECB Unscheduled Confernece Today; Emergency Eurozone Meeting Monday; ECB Ponders Shutting of ELA as Cash Withdrawals Accelerate

12:17 pm
ECB Unscheduled Confernece Today; Emergency Eurozone Meeting Monday; ECB Ponders Shutting of ELA as Cash Withdrawals Accelerate

The mad dash for cash in Greece is on. Some will undoubtedly be frozen out as soon as the ECB halts emergency liquidity assistance (ELA) to Greek Banks. Emergence Meeting Monday, Unscheduled ECB Conference Call Today There’s an Emergency Meeting of Eurozone Leader on Monday to discuss Greece, but the […]

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Mish with Gordon Long: Video Interview on the Troubles in Illinois and Greece

2:41 am
Mish with Gordon Long: Video Interview on the Troubles in Illinois and Greece

A week ago, Gordon Long at Macro Analytics interviewed me for the third time on Financial Repression. Long made the interview available today. The subject this time is Illinois pensions and turmoil in Greece. I believe a minimum of seven Illinois cities are in serious and immediate trouble, unable to […]

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Greece Update

1:00 am
Greece Update

A timeline from Peter Spiegel Greek debt crisis: Key dates on the road to a possible Grexit. There is very little time left. Also from the Financial Times: Greece’s defiant youth opt for ‘chaos’ over more of the same From Bloomberg: EU Calls Emergency Summit as Greece Runs Out of […]

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Looking at Payroll Employment and Unemployment Claims

June 18, 2015 9:00 pm
Looking at Payroll Employment and Unemployment Claims

A reader asked about the relationship between initial unemployment claims and monthly payroll employment. And if claims are so low, does that mean a surge in employment gains? There is definitely a general relationship as shown in the first graph.  Note that unemployment claims are graphed inverted. Note: For smoothing, […]

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Fifty Shades of Grey: Blu Ray Review

8:54 pm
Fifty Shades of Grey: Blu Ray Review

Fifty Shades of Grey: Blu Ray Review Rating: M Released by Universal Home Ent The phrase goes that there’s no pleasure without pain. Sadly, in the film adaptation of EL James’ soft-core mummy porn erotic novel 50 Shades of Grey, there’s very little actual pleasure and a reasonable amount of […]

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Inside Out: Film Review

8:49 pm
Inside Out: Film Review
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Key Measures Show Low Inflation in May

4:45 pm
Key Measures Show Low Inflation in May

The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (2.2% annualized rate) in May. The 16% trimmed-mean Consumer Price Index also rose 0.1% (1.4% annualized rate) during the month. The median […]

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