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by WARREN MOSLER Not looking good: German Factory Activity Continues to Contract in April The IHS Markit Germany Manufacturing PMI rose to 44.5 in April 2019 from the previous month’s … Read more
by EarningsCallsApp Q1 net income of $1,550 million or $1.80 per share, compared with net income of $1,634 million or $1.86 per share a year ago. Q1 EPS of $1.80 … Read more
by WARREN MOSLER Trump may allow $125B in cuts if Congress doesn’t act (The Hill) President Trump has indicated that he would allow $125 billion in spending cuts to take place … Read more
#China Shows Signs of Saturation as Car Sales Maintain Protracted Plunge – China auto sales fall for the 10th straight month pic.twitter.com/8etNVmT972 — 𝕮𝖍𝖎 🛢️ (@chigrl) April 9, 2019 Porsche … Read more
via Zerohedge: The Saretsky Report contributed to this article. Just like last month, when Grant’s Interest Rate Observer dubbed the Vancouver housing market as “ghastly”, in April Vancouver once again reported the fewest … Read more
by WARREN MOSLER This has been know to be associated with the housing cycle: Framing Lumber Prices Down 30% Year-over-year This has taken a dive recently: Global economy enters … Read more
#China Car Sales v Dealer Inventory 😳 (SocGen) pic.twitter.com/zoXVQZ7P8O — 𝕮𝖍𝖎 🛢️ (@chigrl) April 7, 2019 pic.twitter.com/Ob1bQSB6r7 — Alastair Williamson (@StockBoardAsset) April 7, 2019
But sales of “superminis” are growing. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Sales of new passenger vehicles, as measured by registrations, fell 3.4% in March from a … Read more
They should have never sunset the glass-steagall ACT we would have never been in the mess to begin with in 2008 for now!! MS
by WARREN MOSLER Not looking good: Not looking good: In contraction: South Korea March exports contract for fourth month (Reuters) Overseas sales slid 8.2 percent in annual terms in March. … Read more
SACRAMENTO (CBS13) – Starting Monday, sales tax in 51 California cities – including four in the Sacramento area – is increasing. Sacramento, West Sacramento, Roseville and Lodi will see new … Read more
via CNBC: Manhattan real estate had its worst first quarter since the financial crisis, according to a report from Douglas Elliman and Miller Samuel. Total sales fell 3 percent in … Read more
via @GS_CapSF: Some green shoots in certain categories including NAND units & Analog units, but non-memory sales getting worse at -4% YoY. ASPs still very weak. $SOXX $SMH
Globally, manufacturing dropping, retail dropping, auto sales dropping, housing dropping, revenues/guidance dropping. It's all going lower and accelerating. Trade deals and Brexit are a sham. There is no economic miracle. … Read more
by visualcapitalist Arms Sales: USA vs. Russia (1950-2017) Between countless proxy wars and the growing threat of nuclear catastrophe, the Cold War created an unprecedented geopolitical climate. For nearly half a … Read more
via CNBC: The weak report from the Commerce Department on Monday joined a raft of other soft data, including housing starts and manufacturing production that have left economists anticipating a … Read more