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via CNBC: Consumer confidence at present remains strong, but future expectations are plummeting, according to the Conference Board’s latest readings. Such wide gaps often portend significant economic slowdowns ahead. “The … Read more
by Charles Hugh-Smith It’s not yet clear that the stock market swoon is predictive or merely a panic attack triggered by a loss of meds. We contrarians can’t help it: when … Read more
Global recessionary pressures are building. South Korea, an economic giant, a play on global tech, and window on the Asian economy, saw industrial output sink 1.7%, embarrassing a consensus forecast … Read more
via Zerohedge: How do you know an economy is growing? To answer that question fully would require for more time than most readers can dedicate to an article here, as … Read more