US industrial production is expected to remain unchanged in tomorrow’s February report vs. the previous month, according to The Capital Spectator’s average point forecast for several econometric estimates. The prediction reflects a sharp deceleration after the previous month’s strong increase.
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Housing starts are expected to total 1.126 million units (seasonally adjusted annual rate) in tomorrow’s February update, according to The Capital Spectator’s average point forecast of several econometric estimates. The projection represents a moderate increase over the previous month’s level of residential construction activity.
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Retail sales eased 0.1% in February and a previously reported gain for January was revised down to a 0.4% loss, according to this morning’s update from the Census Bureau. Is the slide a sign of trouble for the consumer sector? Maybe, although looking through the short-term noise via the year-over-year trend still looks encouraging.
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Holding stocks for the long run has obvious appeal. The historical record shows that if you simply ignore the short-term noise and focus on the next 10 or 20 years, you’ll do fine, and perhaps substantially better than fine. The big risk is that you chicken out midway through the next period of subpar performance.
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● Mobius Sees Emg Mkts at Turning Point After Rout | Bloomberg
● Did China’s boom hurt the US economy? | TheMoneyIllusion
● Europe may still be stuck in a liquidity trap | BI
● Blackrock: Markets face headwinds from central banks | CNBC
● The Era of Free Trade Might Be Over. That’s a Good Thing | NY Times
● Eurozone industrial output rises 2.1% on Ireland surge | BBC
● Labor Protests Multiply in China as Economy Slows, Worrying Leaders | NY Times