Challenger Job Cuts Total (Jan)
| Survey | n/a |
| Actual | 74,986 |
| Prior | 44,416 |
| Revised | n/a |
A volatile number that has been showing low levels of layoffs and not given much weight either way.
Factory Orders (Dec)
| Survey | n/a |
| Actual | 441,566 |
| Prior | 431,489 |
| Revised | n/a |
Another strong number – no sign of recession here.
♥
W,
Fed worried about tight credit.
http://www.marketwatch.com/news/story/banks-putting-squeeze-credit-fed/story.aspx?guid=%7B7BE04142%2D569B%2D4889%2DAC74%2D4F30FA124B59%7D
You’ve said credit is demand driven. But, aren’t credit standards a supply side constraint?
Yes, but different from the ‘running out of reserves’ of fixed fx regimes.
We now have several data points supporting a fall off in January. Mtg apps, payrolls, redbook sales, and the ism numbers. If these hold up it’s looking more like negative growth for Jan.