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Tyler Duren: “you have to lose everything to be free to do anything”
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Clusterfuck Nation
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Calculated Risk
- Oil Rigs "Middling rig adds" April 20, 2018A few comments from Steven Kopits of Princeton Energy Advisors LLC on Apr 20, 2018:• Total US oil rigs were up, +5 to 820• Horizontal oil rigs were up,+6 at 723...• Almost all the action was back in the Permian, +9 horizontal oil rigs• The breakeven oil price to add rigs appears to have crept up from around $48 WTI late last year, to about $56 WTI now.• The […]Bill McBride
- Four Q1 GDP Forecasts: Around 2% April 20, 2018The advance Q1 GDP report will be released next Friday, April 27th. The consensus is for real GDP growth of 2.1% on a seasonally adjusted annual rate (SAAR) basis.Here are four Q1 GDP forecast.From Merrill Lynch:We expect real GDP growth to slow to 1.7% qoq saar in the advance 1Q report [April 20 estimate].From Nomura: We expect the first reading of Q1 rea […]Bill McBride
- Existing Home Sales: Lawler vs. the Consensus April 20, 2018Housing economist Tom Lawler has been sending me his predictions of what the NAR will report for 8 years. The table below shows the consensus for each month, Lawler's predictions, and the NAR's initial reported level of sales. Lawler hasn't always been closer than the consensus, but usually when there has been a fairly large spread between L […]Bill McBride
- BLS: Unemployment Rates Lower in 4 states in March; Kentucky and Maine at New Series Lows April 20, 2018From the BLS: Regional and State Employment and Unemployment SummaryUnemployment rates were lower in March in 4 states, higher in 1 state, and stable in 45 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. Seventeen states had jobless rate decreases from a year earlier and 33 states and the District had little or no cha […]Bill McBride
- Hotels: Occupancy Rate Up Year-over-Year, Record Q1 April 19, 2018From HotelNewsNow.com: STR: US hotels set Q1 performance record The U.S. hotel industry reported record-breaking performance during the first quarter of 2018, according to data from STR.Compared with Q1 2017:• Occupancy: +0.9% to 61.6%• Average daily rate (ADR): +2.5% to US$127.37• Revenue per available room (RevPAR): +3.5% to US$78.46“The absolute levels fo […]Bill McBride
Seeking Alpha
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