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In This Issue

  • Agriculture and Mining - Important U.P. Industries
  • 100th Anniversary - Greenstone Farm Service Credit Company
  • Progress Update on the Back Fourty Project from Aquila Resources
  • Economic Impact of the Closing of the Empire Mine

Latest Articles in Economy

Good News Hidden In Bad GDP Read
This morning’s disappointing GDP read contained some mixed signals, and in some ways could be seen as a positive, at least for certain sectors. It was weakness in business investment and spending that resulted in the low growth number (1.2 percent versus expectations of 2.6 percent), but that was in part offset by

Greenspan 'Nervous' Bond Prices Too High As Treasurys Sell Off
(Bloomberg) — Alan Greenspan is worried bond prices have risen too high. “We get very nervous when the stock price index goes to high P/E, we ought to be somewhat nervous when the bond rate does the same,” the former Fed chairman said in an interview Thursday with Bloomberg Television. Some bond market metrics

Is the Economy Really Growing at 1.2%
Headline second quarter advance GDP estimate is 1.2 %, up from last quarter's downward revised 0.8 %. Yet the year-over-year GDP growth declined from 1.6 % to 1.2 %. The advance estimate of second quarter 2016 Real Gross Domestic Product (GDP) is a positive 1.2 %. This is a moderate improvement from the

BoJ Fails To Deliver; USD/JPY Takes A Hit
Market Drivers July 29, 2016 BOJ program fails to impress Cable drops on EOM EURGBP demand Nikkei -0.69 Dax 0.05% Oil $42/bbl Gold $1349/oz. Europe and Asia : AUD PPI 0.1% vs. -0.2% EUR GE Retail Sales -0.1% vs. 0.0% GBP UK Mortgage Approvals 64.8K vs. 65.4K EUR EZ CPI 0.2% vs. 0.3% North America : USD GDP

Kuroda Hesitates, Yen Advances; Focus Turns to Europe and North America
Bank of Japan Governor Kuroda appears to be the central banker that the markets have the most difficulty in reading.   The activist Governor provide the barest of tweaks to what is by nearly any reckoning among the most aggressive monetary policies by a high income economy.  Moreover, much of the important data

Bank Of Japan Tonight Is A Huge Event For All Stock Markets
As we've discussed, the big event of the week is the Bank of Japan decision on monetary policy tonight.  Today the speculation is that Abe presented his big government spending plan earlier than expected, and bigger than expected, to put pressure on the Bank of Japan to act now, rather than later. But as we discuss

More Q2 Earnings To Come
So many more Q2 earnings reports since regular trading ended Wednesday afternoon, it's literally difficult to count them all. But as econ data begins to take a larger role in what investors are looking for beginning next week with

Fed Says Risks Have Diminished As It Leaves Rate Unchanged
(Bloomberg) -- The Federal Reserve left interest rates unchanged while saying risks to the U.S. economy have subsided and the labor market is getting tighter, suggesting conditions are getting more favorable for an increase in borrowing costs. "Near-term risks to the economic outlook have diminished," the Federal

Dollar Pulls Back Further Post-FOMC
After reversing lower yesterday after the FOMC statement, the US dollar has continued to move lower against the major currencies, save sterling. While the market is not fully confident of a rate cut by the Reserve Bank of Australia, indicative pricing in the derivative markets suggest a UK rate cut has been fully

Currencies: No Love For The Buck Post FOMC
Market Drivers July 28, 2016 Dollar down across the board post FOMC GE Employment improves Nikkei -0.69 Dax 0.05% Oil $42/bbl Gold $1349/oz. Europe and Asia : AUD Export Prices 1.4% vs. 2.9% EUR GE Unemployment -7K vs. -2K North America : USD Weekly jobless claims 8:30 USD Trade in Goods 8:30 The dollar