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Hotels: Hotel Occupancy Softens in February

After a solid start for 2017 - during the slow season - hotel occupancy has been weak over the last few weeks.From HotelNewsNow.com: STR: US hotel results for week ending 18 FebruaryThe U.S. hotel industry reported mixed results in the three key performance metrics during the week of 12-18 February 2017, according to data from STR.In a year-over-year comparison with the week of 14-20 February 2016:• Occupancy...

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Schedule for Week of Feb 26, 2017

The key economic report this week is the second estimate of Q4 GDP.Other key indicators include the February ISM manufacturing and non-manufacturing indexes, February auto sales, and the Case-Shiller house price index.----- Monday, Feb 27th -----8:30 AM: Durable Goods Orders for January from the Census Bureau. The consensus is for a 1.8% increase in durable goods orders.10:00 AM: Pending Home Sales Index for January. The consensus is...

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Germany leading by example

Here’s an example of what I just called Germany’s leading by example. The link to the full article is here. As I’ve been saying since the sovereign debt crisis days, Germany is concerned about its own public finances.It wants to get down below the 60% Maastricht hurdle in addition to being under the 3% deficit. If it doesn’t work in that direction, it loses its ‘moral’...

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A few Comments on January New Home Sales

New home sales for January were reported at 555,000 on a seasonally adjusted annual rate basis (SAAR). This was below the consensus forecast, and the three previous months were all revised down. So overall this was a disappointing report.Sales were up 5.5% year-over-year in January, However, January and February were the weakest months last year on a seasonally adjusted annual rate basis - so this was ...

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Brexit & Beyond: Tories’ Election Boost, Expatriate Rights Pose Big Questions, German Bond Yields at New Lows

Brexit & Beyond: Europe in Flux is The Wall Street Journal’s round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS Conservative Party candidate Trudy Harrison stands with her husband Keith after winning the Copeland by-election. PHOTO: Phil Noble/Reuters U.K. Conservative Party Wins Key Local Election: The Conservative...

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First It Was Bricks and Mortar Clothing Stores, But Now The Manufacturers Are Dying Too?

Put me in the camp that thinks the death of bricks and mortar retail stores is being greatly exaggerated. It is true that e-commerce is here to stay, but people seem to forget that most of the online clothing and accessories shopping is done on store sites that have a physical presence. The notion that Amazon private label clothes are going to render great American brands useless seems a...

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