Housing starts declined 4.1% in January to a 1.638 million annual rate, lagging the consensus expected 1.695 million. Starts are […]

The Big Mac Index: A Measure of PPP and Burger Inflation The Big Mac was created in 1967 by Jim […]

Industrial production increased 1.4% in January, easily beating the consensus expected gain of 0.5%. Utilities output rose 9.9% in January, […]

Retail sales rose 3.8% in January (+3.7% including revisions to prior months), easily beating the consensus expected gain of 2.0%. […]

The Producer Price Index (PPI) rose 1.0% in January, well above the consensus expected +0.5%. Producer prices are up 9.7% […]

The financial markets have been on tenterhooks lately for two main reasons: Russia and rate hikes. By the time you […]