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

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

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
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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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Tax Revenue Collapses in Greece; Government Denies Capital Controls; Citizens Pull €2bn in Three Days

3:47 pm

Knowing that a default is now inevitable, Greek citizens made a decision to stop paying taxes. The result was foreseeable: Greek Government Suffers Collapse in Revenue in May. The Greek government suffered a collapse in revenue in May after companies and individuals delayed filing tax returns amid fears that emergency […]

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CPI Jumps 0.4% on Gasoline Prices, Still Flat From Year Ago; Debt Deflation Dynamics

2:56 pm
CPI Jumps 0.4% on Gasoline Prices, Still Flat From Year Ago; Debt Deflation Dynamics

The headlines on today’s CPI jump of 0.4% are all over the map. If you want a slant one way or another you can find it. For example: Reuters says U.S. consumer prices post largest gain in more than two years. Bloomberg says U.S. Consumer Prices Fall Short of Expectations […]

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Philly Fed Manufacturing Survey increased to 15.2 in June

2:14 pm
Philly Fed Manufacturing Survey increased to 15.2 in June

From the Philly Fed: June Manufacturing Survey Manufacturing conditions in the region improved in June, according to firms responding to this month’s Manufacturing Business Outlook Survey. Indicators for general activity, new orders, and shipments remained positive and increased over their readings in May. Employment and average work hours increased, on balance, […]

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CPI increased 0.4% in May, Weekly Initial Unemployment Claims decreased to 267,000

12:45 pm
CPI increased 0.4% in May, Weekly Initial Unemployment Claims decreased to 267,000

From the BLS: The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in May on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index was unchanged before seasonal adjustment. The gasoline index increased sharply in […]

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Thursday: Unemployment Claims, CPI, Philly Fed Mfg Survey

1:10 am
Thursday: Unemployment Claims, CPI, Philly Fed Mfg Survey

Off topic: A bizarre sight in California … crabs attack! Click on photo for larger image. Photo taken at China Cove in Newport Beach, CA by Steven. From the WaPo: Why these bright, tiny crabs are blanketing Southern California beaches They came in by the thousands: tiny little red crabs […]

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NZIFF 2015 – Revealing the Cannes selection

June 17, 2015 10:09 pm
NZIFF 2015 – Revealing the Cannes selection

NZIFF 2015 – Revealing the Cannes selection The 2015 Cannes List With the Auckland and Wellington programme launch fast approaching, we give you one final sneak peek into the 2015 line-up with 17 titles direct from Cannes. It’s a scramble every year to tie down the films we want from […]

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Report: Socal Home Sales up 5% year-over-year

10:00 pm
Report: Socal Home Sales up 5% year-over-year

Note: This is the data that used to be released by DataQuick (now part of CoreLogic). From the LA Daily News: Southern California home sales gain ground The region’s housing market gained some momentum in May, with sales increasing 5 percent from a year ago, a market tracker said Wednesday. […]

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The Walking Dead – Michonne Game is coming

8:54 pm
The Walking Dead – Michonne Game is coming

The Walking Dead – Michonne Game is coming Telltale Games and Skybound Announce The Walking Dead: Michonne – A Telltale Games Mini-Series to Premiere This Fall   Three-Episode Mini-Series Featuring Iconic Comic Book Character Announced at 2015’s Electronic Entertainment Expo in Los Angeles   SAN RAFAEL, Calif., June. 15, 2015 — Leading publisher […]

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Star Wars Battlefront E3 2015 trailer

8:54 pm

Star Wars Battlefront E3 2015 trailer The new Star Wars Battlefront trailer dropped at E3 2015 Take a look below

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NEW E3 GAMEPLAY TRAILER FROM SIERRA™ REVEALS THE TITLE OF THE FIRST CHAPTER OF KING’S QUEST

8:39 pm

NEW E3 GAMEPLAY TRAILER FROM SIERRA™ REVEALS THE TITLE OF THE FIRST CHAPTER OF KING’S QUEST NEW E3 GAMEPLAY TRAILER FROM SIERRA™ REVEALS THE TITLE OF THE FIRST CHAPTER OF KING’S QUEST™, COMING LATE JULY King’s Quest: A Knight to Remember kicks off a new journey for an adventure gaming classic next month Auckland, New Zealand […]

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Donkey Kong and Bowser heads to Skylanders

8:39 pm
Donkey Kong and Bowser heads to Skylanders

Donkey Kong and Bowser heads to Skylanders SKYLANDERS® SUPERCHARGERS INTRODUCES DONKEY KONG™ AND BOWSER™ AS SKYLANDERS GUEST STARS Landmark Creative Collaboration between Activision and Nintendo Offers Fans New Skylanders that Also Work as amiibo Figures – Available in all Nintendo Starter Packs Fans Attending E3 2015 will be First to Get […]

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Transformers Devastation unveiled

8:39 pm
Transformers Devastation unveiled

Transformers Devastation unveiled ACTIVISION PUBLISHING, INC. AND PLATINUMGAMES INC. CHANGE THE FIGHT IN TRANSFORMERS: DEVASTATION New action-brawler video game lets fans experience the TRANSFORMERS like never before Auckland, New Zealand – June 17, 2015 – Activision Publishing, Inc., a wholly owned subsidiary of Activision Blizzard, Inc. (NASDAQ: ATVI), today announced it is teaming up with acclaimed development studio PlatinumGames Inc. to […]

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NHL 16 | Official E3 Gameplay Trailer

8:39 pm

NHL 16 | Official E3 Gameplay Trailer Electronic Arts Inc. (NASDAQ: EA) today announced that EA SPORTSTM NHL® 16 will be hitting store shelves on September 17 in Australia and September 18 in New Zealand, 2015. Built with more fan feedback and insights than ever before,NHL 16 delivers your most requested features and modes along […]

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Madden NFL 2016 unveiled

8:39 pm

Madden NFL 2016 unveiled  Today, EA SPORTS released details on the brand-new Draft Champions mode in Madden NFL 16, as well as information on innovative gameplay features. Draft Champions brings a new fantasy experience to Madden NFL 16, testing your playmaking ability off the field as you build a team in your […]

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Star Wars: The Old Republic -Knights of the Fallen Empire trailer

8:39 pm

Star Wars: The Old Republic -Knights of the Fallen Empire trailer BioWare™, an Electronic Arts Inc. (NASDAQ:EA) studio, and Lucasfilm revealed that a brand-new digital expansion, Star Wars™: The Old Republic ™-Knights of the Fallen Empire, will be available for download on October 27, 2015. The largest story-driven expansion to date, Knights of […]

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