Existing Home Sales Slow.

Chicago Federal Reserve National Activity Index (October 2015)

– Level   -0.04. Previous was -0.29
-3 Month Moving Average  -0.20. Previous was -0.03

The CFNAI is a weighted average of 85 existing monthly indicators of national economic activity.

The only good news is that the bad news is nor as bad as it was.  This is another indication that the economy is growing much too slowly despite near zero interest rate and enormous expansion of money supply.  With economic media geared to supporting equities the weakness of the economy remains obfuscated.  Add in the fact that the Fed appears poised to raise rates and what we have is perhaps a formula for recession.

PMI Manufacturing Index Flash  (November 2015)

– Level  52.6. Previous was 54.0

 
Existing Home Sales (October 2015)

– Existing Home Sales seasonally adjusted, annualized 5,360,000. Previous was 5,550,000
– Existing Home Sales month/month -3.4%
– Existing Home Sales year/year +3.9%. Previous was +8.8%.

The drop in the year/year is dramatic.