This week is very quiet, nothing special has been announce other than Obama became US 44th president safely.
- Dec house starts 550k (worse than expect 605k), prior 651k
- Dec building permits 549k (worse, 605k), prior 651k
- 01/17 initial jobless claims 589k (worse, 543k), prior 527k
- Bank of England lower interest rate by 100 bps
- Bank of Canada lower interest rate by 50 bps
Data still doesn't look good, but as what I said, it is kind of expected, bad result in Jan & Feb.
Um.....let's see how's march & April's result, if it stay flat and didn't get worse, that's means the bottom of the economy should be near, if not, further analysis will be needed to see what's the worse situation.
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