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By Nick Cunningham Global oil demand continues to see downgrades from major energy forecasters, with several downward revisions in just the past week. The U.S. EIA said in its Short-Term Energy … Read more
via WSJ: Beneath China’s stable headline numbers, there is a growing belief that the real picture is much worse By Mike Bird and Lucy Craymer Sept. 8, 2019 12:29 pm … Read more
By Nick Cunningham Lower oil prices and ongoing financial stress in the U.S. shale industry are creating headwinds for drillers, and it appears increasingly likely that supply growth could undershoot … Read more
by Joe Guzzardi A recent Economic Policy Institute Study titled “CEO Compensation Has Grown 940% since 1978” is a Labor Day lament for American workers whose wages during the same period … Read more
by Charles Hugh-Smith Having destroyed discipline, central banks have no way out of the corner they’ve painted us into. It was such a wonderful fantasy: just give a handful of bankers, … Read more
Mexico registered zero economic growth in the second quarter, according to revised data released Friday, meaning that Latin America’s second-biggest economy dodged a recession even more narrowly than previously thought. … Read more
This brave Chinese professor calculated in 2018 that China’s real GDP was below 2% and contracting violently. He was vindicated. Unfortunately, there’s no free speech in China so he may … Read more
By Irina Slav Two energy authorities reduced their crude oil demand outlooks in their latest reports. The U.S. Energy Information Administration cut its demand growth outlook by 70,000 bpd in its latest … Read more
via upfina: For much of this expansion, the Fed has wanted inflation to increase as it would signal economic growth was strong. We can debate whether the economy needs to generate … Read more
Goldman Sachs lowered its fourth-quarter growth forecast by 20 basis points to 1.8%, citing a larger than-expected impact of recent trade war events. “The drivers of this modest change are … Read more
via MSN: The likelihood of a U.S. recession in the next 12 months rose to 35% in an August survey of economists, from 31% forecast previously, as global trade tensions … Read more
via @crossbordercap:
by visualcapitalist All movements start with rebellion, and the craft beer revolution is no different. Born from the frustration of mass-produced beer made from cheap ingredients, entrepreneurs went head-to-head with global … Read more
via WSJ: Political discourse nowadays is enough to depress anyone, and the media don’t help by ignoring good economic news. But buck up, Americans: Worker wages are growing much faster … Read more
by Brendan Brown via Mises Wire The longer the signals in capital markets go haywire under the influence of “monetary stimulus,” the bigger is the cumulative economic cost. That is one big reason … Read more
by Shaun Richards This morning has opened with the first of the major European and in this instance Euro area economies to report on economic growth in the second quarter … Read more