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By Tsvetana Paraskova Lower output from Russia’s largest oil producer Rosneft has resulted in total Russian production falling to a near three-year low in early July, Reuters reported on Tuesday, citing industry … Read more
•30% loss of China’s Corn Output by Army Worm and Drought •More powerful Grand Solar Minimum cycle confirmed once in 2000 year duration •African rainfall patterns show a 4000 to … Read more
via electronicspoint: Amidst the ongoing ‘trade war’ between the U.S. and China, global technology heavyweights are reportedly to move substantial amounts of their production capacity out of China. Several U.S.-based technology … Read more
By Leonard Hyman & William Tilles The US investor-owned electric utility industry just reported financial numbers for 2018.They were puzzling to put it mildly. According to the Edison Electric Institute … Read more
via Businessinsider: Tesla CEO Elon Musk said in a May 22 email to the electric-car maker’s employees that they needed to consistently produce 1,000 Model 3 sedans per day for the rest of the second quarter to … Read more
by WARREN MOSLER Not adjusted for inflation: Adjusted for inflation: Still looking down: Remember when last month’s spike higher was presumed to be the start of a turn around? . … Read more
#China industrial production growth in one chart! pic.twitter.com/pEs2Tb3yFa — jeroen blokland (@jsblokland) June 14, 2019
by WARREN MOSLER Imports and exports both decelerating: Still in contraction:
Small and medium-sized enterprises in China, under pressure from Washington’s trade war, are studying the possibility of moving production to Russia. That’s according to the secretary general of the China … Read more
US has 2nd-highest production share of global manufacturing, but not based on employment share @CreditSuisse @SoberLook @thomsonreuters pic.twitter.com/03Wrw60WQZ — Liz Ann Sonders (@LizAnnSonders) June 3, 2019
by WARREN MOSLER Slow motion trainwreck by Agent Orange, aka Tariff Man, continues… Below 50 indicates contraction: Demand for Saudi oil has fallen back: Saudi pricing of discounts generally trending … Read more
via @TaviCosta: Just as China hits a wall of debt. Yet another case of macro fundamentals in complete disconnect with equity prices.
From Zero Hedge With the entire US agriculture sector facing a 1980s style farm crisis downturn and record debt levels, demand for new tractors is set to collapse as farmers hang … Read more
by howmuch Beyond a country’s gross domestic product, economists also like to look at a metric known as purchasing power parity. Where per capita GDP shows roughly how much money individual people … Read more
by Mac Slavo of SHTFplan The Federal Reserve announced Wednesday in a downbeat report that the United States’ industrial production slumped in April. The Fed’s report also included sharp downward revisions for other important … Read more
by Michael Snyder 2019 is turning out to be a nightmare that never ends for the agriculture industry. Thanks to endless rain and unprecedented flooding, fields all over the middle … Read more