Interesting interest rates. Uninteresting Brexit

| Mar 20, 2019 at 12:00 AM

* We have the excitement of the US Federal Reserve interest rate decision today. The lawyer who chairs the Fed will be giving a press conference, which allows for nuance and direction. Conditions are not right for a rate rise today, but they probably will be later this year. * German producer price inflation, which […]

Evidence of making things (but not Brexit deals)

| Mar 19, 2019 at 12:00 AM

* US factory orders and durable goods orders are due. Generally, US manufacturing has fared fairly well recently (it is the Germans who have led developed economy manufacturing lower). Ending NAFTA tensions should help US factories. However, hopes for a US-China trade deal may delay orders (why buy now with trade taxes if it could […]

More Brexit political theater, but limited global spillover

| Mar 19, 2019 at 12:00 AM

Citing a four-century old law, UK House of Commons Speaker John Bercow on Monday called into question a third parliamentary vote for UK Prime Minister Theresa May’s twice-rejected Brexit plan on the grounds that it was the “same in substance” as a previously tabled motion.

Evidence of making things (but not Brexit deals)

| Mar 19, 2019 at 12:00 AM

* US factory orders and durable goods orders are due. Generally, US manufacturing has fared fairly well recently (it is the Germans who have led developed economy manufacturing lower). Ending NAFTA tensions should help US factories. However, hopes for a US-China trade deal may delay orders (why buy now with trade taxes if it could […]

More Brexit political theater, but limited global spillover

| Mar 19, 2019 at 12:00 AM

Citing a four-century old law, UK House of Commons Speaker John Bercow on Monday called into question a third parliamentary vote for UK Prime Minister Theresa May’s twice-rejected Brexit plan on the grounds that it was the “same in substance” as a previously tabled motion.

More Brexit political theater, but limited global spillover

| Mar 19, 2019 at 12:00 AM

Citing a four-century old law, UK House of Commons Speaker John Bercow on Monday called into question a third parliamentary vote for UK Prime Minister Theresa May’s twice-rejected Brexit plan on the grounds that it was the “same in substance” as a previously tabled motion.

Evidence of making things (but not Brexit deals)

| Mar 19, 2019 at 12:00 AM

* US factory orders and durable goods orders are due. Generally, US manufacturing has fared fairly well recently (it is the Germans who have led developed economy manufacturing lower). Ending NAFTA tensions should help US factories. However, hopes for a US-China trade deal may delay orders (why buy now with trade taxes if it could […]

Evidence of making things (but not Brexit deals)

| Mar 19, 2019 at 12:00 AM

* US factory orders and durable goods orders are due. Generally, US manufacturing has fared fairly well recently (it is the Germans who have led developed economy manufacturing lower). Ending NAFTA tensions should help US factories. However, hopes for a US-China trade deal may delay orders (why buy now with trade taxes if it could […]

More Brexit political theater, but limited global spillover

| Mar 19, 2019 at 12:00 AM

Citing a four-century old law, UK House of Commons Speaker John Bercow on Monday called into question a third parliamentary vote for UK Prime Minister Theresa May’s twice-rejected Brexit plan on the grounds that it was the “same in substance” as a previously tabled motion.

More Brexit political theater, but limited global spillover

| Mar 19, 2019 at 12:00 AM

Citing a four-century old law, UK House of Commons Speaker John Bercow on Monday called into question a third parliamentary vote for UK Prime Minister Theresa May’s twice-rejected Brexit plan on the grounds that it was the “same in substance” as a previously tabled motion.