(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )  GDP RISES BUOYED BY CONSUMER SPENDING, SHORT SQUEEZE IN GOLD AND OIL December 22, 2015 This is what you need to know today. Third quarter GDP came at 2% vs. 1.9% consensus.  Digging below the surface, the GDP was buoyed by consumer spending but businesses struggled.  This is good news in the short-term but in the long run, GDP growth cannot be sustained with businesses struggling. Home Price Index rose by 0.5% vs. 0.5%

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) CHINA WORSE THAN CONSENSUS, KURODA STUNS AND QUADRUPLE WITCHING December 18, 2015 This is what you need to know today. According to the fourth quarter China Beige book, a private survey by a New York based outfit,  economic conditions in China are much worse than the government issued numbers.  This is consistent with our analysis.  We have been sharing with you for years that official economic numbers released by the Chinese government are suspect. Kuroda

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )  ECONOMIC STRENGTH UNDER THE HEADLINES, OIL GLUT TO CONTINUE TO THE END OF 2016, IEA SPOILS THE PARTY December 11, 2015 This is what you need to know today. In the U. S., a fair amount of economic data has been released this morning.  Do not be fooled by the headlines that speak of weakness.  Under the headlines the data shows strength. As our long time subscribers know, our models look at Core PPI and