Flying Blind: Data Held Hostage

Once again policy makers and analysts are flying blind without key economic data due to a government shutdown. As an example, the new home sales report for December wasn't released this morning (this is the second month in a row without a new home sales report). I think the four most important releases are 1) the monthly employment report, 2) the quarterly GDP report, 3) the monthly housing starts report and 4) the monthly new home sales report.   Only the employment report is currently being released.   Of course many other reports flow into the quarterly GDP report - so......(read more)

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