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In This Issue

  • Economic Growth In the Upper Peninsula
  • Ojibwa Casino Upgrades
  • Transforming an old Blighted Historical Structure in Marquette
  • On the Trail of Governor Snyder in the U.P.

Latest Articles in Economy

Fed Pivot Should Juice The Economy And Stocks
Yesterday we parsed the Fed's message from this week and concluded a strategy pivot has indeed take place.  If we block out all of the chatter from those Fed members not named Yellen, since March, it’s been a 180. Instead of promoting optimism about the future, and telegraphing rate hikes to accommodate that view,

Twitter, Yahoo and More
Market futures are down ahead of the bell on this final trading day of the week This follows two days of solid gains including an all time high on the Nasdaq The S amp P 500 is currently down 2 5 points the Dow down 9 and the Nasdaq off 5 25 from Thursday s close Reports this morning

BlackRock CEO: Markets Could Fall 15% Without Gov't Intervention
Speaking with Bloomberg earlier today, BlackRock CEO Larry Fink said that financial markets could soon correct by up to 15% without significant fiscal accommodation. Both at home in the U.S. as well as in Europe, he sees big problems to solve. “We’re in more dangerous water in Europe than we have been in years,”

Russia And Saudi Arabia Playing A Risky Game Ahead Of OPEC's Meeting
Having suffered massive oil revenue shortages and budget deficits since the oil price collapse in 2014, Russia and Saudi Arabia have now agreed to cooperate on stabilizing the oil market. What this “cooperation” will actually mean - freezing production levels, cutting them, ramping them up or keeping the status quo,

2015 Household Income Up 5.2% Is Just Spin
The media spread  US Census ' good news: Median household income in the United States was $56,516 in 2015, an increase in real terms of 5.2 percent from the 2014 median of $53,718. This is the first annual increase in median household income since 2007, the year before the most recent recession. 5.2% is a big

Dollar Steadies, Pound Wobbles
Market Drivers September 23, 2016 EZ PMIs slightly mixed Johnson - Article 50 in 2017 Nikkei -0.32% Dax -0.19% Oil $45/bbl Gold $1340/oz. Europe and Asia: JPY Manufacturing PMI 50.3 vs. 49.3 EUR EZ PMI Manufacturing 52.6 vs. 51.5 EUR EZ PMI Services 52.1 vs. 52.8 North America: CAD CPI 8:30 CAD Retail Sales

It's Friday Again And The Dollar Is Firmer Again
As Nassim Taleb instructed, we should not be fooled by randomness.  If  you see six red results in a row at a roulette table, do not conclude the game is rigged.  If you flip a coin, and it is tails six consecutive times, the contest is not necessarily rigged.  Today has the making of the sixth consecutive

The Big Fed Pivot No One Has Noticed
Following the Fed and BoJ over the past 36 hours, stocks are higher, commodities are higher, yields are lower and the dollar is lower.  Why? First, yesterday, I talked about the BOJ decision to peg its 10 year yield at zero, and, also importantly, raising its inflation target (wanting to overshoot 2% to ensure

Dollar - Not out of the Woods Yet
After falling to a low of 100.10 during the Asian trading session, USD/JPY staged a strong reversal to end the day near 101.  This recovery has many investors hoping for a bottom in the dollar but we need to be careful because the greenback is not out of the woods. On a technical basis we want to see USD/JPY close

Rate Remained Unchanged
So the market celebrated the Fed s decision not to raise interest rates yesterday by bidding stocks up more than 1 Not that the decision was surprising but that it blew away the outer crust of doubt that an unexpected rate hike that might have otherwise sucker punched the markets