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PERSONAL INCOME AND SPENDING TURN UP

“Brazil’s [oil] output is decided by publicly traded companies.  There is nothing the government can do about it.” Brazil’s Oil and Gas Secretary, Marcio Felix, 10/29/16 FAST FACTS ABOUT TODAY’S ECONOMIC DATA: S. Personal Income and Spending increased once again in...

MANUFACTURING IMPROVES GLOBALLY

“While the Fed is thought to be able to influence real rates over short periods of time, perhaps a few quarters, over longer term periods real rates are determined by market forces.” James Bullard, Federal Reserve Bank of St. Louis President, 10/24/16 FAST FACTS ABOUT...

FINS & TECH LEAD Q3 S&P 500 EARNINGS

“Research by Federal Reserve staff suggests that, all told, U.S. monetary policy spillovers to other economies are positive — that is, policies designed to provide stimulus to the U.S. economy also boost activity abroad, as negative effects of dollar depreciation are...

U.S. CONSUMER CREDIT AT RECORD LEVEL

“We support the recent initiative of OPEC to fix oil production limits. We hope that at the OPEC meeting in November, the idea will be embodied in an official agreement, giving a positive signal to the markets and investors.” Russian President, Vladimir Putin,...
U.K. POST-BREXIT REBOUND CONTINUES

U.K. POST-BREXIT REBOUND CONTINUES

“We must expect some turbulence as we go through this period of negotiations, and there will be a period of a couple of years, or perhaps even longer, when businesses are uncertain about the final state of our relationship with European Union.” Philip Hammond, U.K....
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