Spreading the truth. Empowering the people.
Services account for 70% of the US economy. Here’s what’s happening to services and retail in economic powerhouse Texas. By Wolf Richter for WOLF STREET: The Texas Service Sector Outlook Survey, released by … Read more
YOU HAD ONE JOB: The CDC was Fighting Racism and Obesity Instead of Stopping Epidemics. The Centers for Disease Control has a $6.6 billion budget and one job which it messes … Read more
markets.businessinsider.com/news/stocks/coronavirus-fuel-recession-forecast-us-europe-economic-july-market-jpmorgan-2020-3-1028994637 A new economic-growth estimate from JPMorgan projects that a recession will hit the US and European economies by July. The bank said its views of the coronavirus outbreak “have evolved dramatically … Read more
by Shaun Richards Today brings the UK into focus as we find out how it’s economy performed at the end of 2019. A cloudy perspective has been provided by the … Read more
by NineteenEighty9 The author Bill Dudley is a senior research scholar at Princeton University’s Center for Economic Policy Studies. He served as president of the Federal Reserve Bank of New … Read more
‘We’re just in the craziest monetary-fiscal [policy] mix in history. It’s so explosive, it defies imagination. It reminds me a lot of early ’99 [when inflation was low and stock … Read more
The global slowdown was not driven by the trade war and will not change to strong growth with the trade deal. Recent political catalysts like the phase one trade deal … Read more
A lot of guys long stocks hate hearing it’s driven by Fed liquidity. Why? That means you’re not a terrific stock picker? Or you’re not smart? You’re not an Olympic … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter More cars and trucks on the road in the US than ever. But usage drops. Saturation everywhere. On the surface, we see this: Total miles driven … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But other construction segments are hot. Residential construction is starting to make folks nervous. Total residential construction spending – 99% is “private” rather than “public” spending … Read more
by WARREN MOSLER Ship Orders Fall to Lowest Level in 15 Years Ship orders world-wide have shrunk to the lowest level in 15 years as vessel owners struggle with excess … Read more
credit driven event underway spreading into higher equity vol pic.twitter.com/xcxmsjkjyI — Alastair Williamson (@StockBoardAsset) March 28, 2019 $HYG something's up with all the put buying, and chart is on the … Read more
Liberal Media Scream: It’s Trump’s fault liberals fell for Smollett hoax. This week’s Liberal Media Scream features the latest spin for why liberals, including some Democratic presidential candidates, fell so … Read more
S&P 500… The massive recovery has been fully driven by dovish central banks, despite unexciting earnings and guidance. pic.twitter.com/laRBMWxj9g — Daniel Lacalle (@dlacalle_IA) February 5, 2019 The whole problem in … Read more
Patient is going to mean very, very patient: UBS’ Art Cashin from CNBC. via CNBC: “It’s pretty obvious” the Federal Reserve is reacting “to the market’s reaction,” UBS’ Art Cashin … Read more
