European data are starting to look really bad. Headline PMI indices (black) are falling sharply across the Euro zone and Poland and are everywhere below the critical 50 threshold. Weak data are going totally under the radar because everyone's fixated …
Bitcoin has fallen over the past week (black), to the dismay of HODLER bros everywhere. It's falling as market pricing for the Fed is becoming more hawkish again (blue). Bitcoin falls when markets price a more hawkish Fed and vice …
The US is pushing the G7 to adopt a full Russia export ban. It's unfortunate the EU and Japan are reportedly opposing this. That sends a signal of "division," which will embolden those who've stepped in to fill the gap …
Global recession is coming. Most manufacturing PMIs recovered late last year, but that period of respite has ended. All across Europe, manufacturing PMIs have rolled over and are turning weaker again. pic.twitter.com/hOo1XLVfBa — Robin Brooks (@robin_j_brooks) April 3, 2023 On …
The US disinflation story is over. We were in the dovish inflation camp in H2 2022, as inflation momentum was clearly slowing. But that slowing has run out of steam and quarter-over-quarter (lhs) and 3-month (rhs) core inflation rates are …
(FOXNEWS) Thieves across the United States are stealing gas, either by physically taking gas from pumps and other vehicles or by hacking gas retailers’ networks, as fuel prices hit record highs. And while the gas thieves might think they’re doing …
by Michael In the old days, we used to enjoy movies in which Robin Hood would “take from the rich and give to the poor”. But in the real world things are not supposed to work that way. In a …
by Michael Snyder If you look like you have money, you are a potential target. I know that statement may sound crass, but we all need to understand that the environment in this country has fundamentally changed. Criminals in our …
House Republicans are arguing against a Democratic proposal to increase the $7,500 taxpayer-funded credit for electric car purchases to as much as $12,500, arguing that it would disproportionately help wealthy Americans who can afford to buy pricey electric vehicles.Democrats on …