Jim’s Mailbox

Posted at 10:33 AM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

The fed keeps telling us all is great.

With this morning’s headlines….

Do you feel secure?

CIGA Wolfgang Rech

New Home Sales Miss As Mortgage Rate Collapse Fails To Bring Buyers Back

New Home Sales were 646k SAAR in June – missing expectations of 658k – May new-home sales were revised down to 604,000 from 626,000; March and April purchases were also revised lower.

  • JUL 24, 2019 10:07 AM

US Manufacturing PMI Slumps To 10-Year Low

“Manufacturers are shedding workers at the fastest rate since 2009and service sector job creation is now down to its lowest since April 2017”

  • JUL 24, 2019 9:52 AM

Trade War Chaos: Trump’s Tariffs Crash American RV Industry 

“This is the worse I’ve seen it,”  …RV shipments had fallen sharply just before the last three U.S. recessions…

  • JUL 24, 2019 9:21 AM

“Cracks Are Showing”: CAT Shares Slump On Lower Earnings Guidance, Retail Sales Miss

It’s the latest sign that the blowback from the trade war might be worse than expected….

  • JUL 24, 2019 8:00 AM

Boeing Q2 Revenue Plunges, Missing By $5BN, Resulting In Shocking $1BN Cash Burn

Just like Deutsche Bank, Boeing decided that Q2 will be its kitchen sink quarter. Will it be enough?

  • JUL 24, 2019 7:58 AM

Global Stocks Slump As German Manufacturing Craters, Tech Spooked By DOJ Probe

German manufacturing slumps deeper into a recession even as global stocks continue to trade just shy of all time highs.

  • JUL 24, 2019 7:32 AM

Deutsche Bank Tumbles As Trading Revenues Plummet

“These results do little to allay market concerns on the ability to deliver on those targets”

  • JUL 24, 2019 6:57 AM