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Recession Looms: Cass Freight Index Negative for 7th Month
Recession Looms: Cass Freight Index Negative for 7th Month According to Cass, “Freight shipments signal economic contraction”. The Economic Outlook from Freight’s Perspective is not promising. With the -5.3% drop in June following the -6.0% drop in May, we repeat our message from last month: the shipments index has gone from “warning of a potential slowdown” to […]
Lacy Hunt Blasts MMT and Speaks of Hyperinflation If Implemented
Lacy Hunt Blasts MMT and Speaks of Hyperinflation If Implemented In the Hoisington First Quarter Review, Lacy Hunt blasts MMT as “self-perpetuating” inflation. Please consider the Hoisington Investment Quarterly Outlook for the first quarter of 2019. MMT Leads to Hyperinflation Under existing statutes, Fed liabilities, which they can create without limits, are not permitted to be used […]
Zombified Economy: What Will the Next Recession Look Like?
Zombified Economy: What Will the Next Recession Look Like? The short answer is nothing like the last. If you search for “next recession” numerous ideas pop up. Many believe there will not be a recession soon. Condition Comparison Conditions are radically different than in 2007 and 2000. The Fed re-blew a housing price bubble but […]
ECB Warns Slowdown Isn’t Temporary: Draghi Announces Bold Stimulus Plan
ECB Warns Slowdown Isn’t Temporary: Draghi Announces Bold Stimulus Plan Mario Draghi surprised even the doves with his bold new stimulus plan. It won’t help one iota. The Wall Street Journal reports ECB Reverses Course With New Stimulus Measures. The European Central Bank made a major policy reversal Thursday, unveiling plans for fresh measures to stimulate […]
Stupidity Well Anchored: Absurdity of Inflation Expectations in Graphic Form
Stupidity Well Anchored: Absurdity of Inflation Expectations in Graphic Form The amount of sheer nonsense written about inflation expectations is staggering. Let’s take a look at some recent articles before making a mockery of them with a single picture. by Mish Expectations Problem On July 17, 2017, Rich Miller writing for Bloomberg proclaimed The Fed Has an […]
Amidst Global Warming Hysteria, NASA Expects Global Cooling
Amidst Global Warming Hysteria, NASA Expects Global Cooling Those promoting CO2 as the reason for global warming are hucksters and those taken in by hucksters. Please consider NASA Sees Climate Cooling Trend Thanks to Low Sun Activity. “We see a cooling trend,” said Martin Mlynczak of NASA’s Langley Research Center. “High above Earth’s surface, near the […]
China Trade Data is Nail in the Coffin of Global Economy
China Trade Data is Nail in the Coffin of Global Economy Chinese exports and imports even though China’s trade balance with the US rose. Eamonn Sheridan at Forex Live has some interesting comments on China’s December Trade Balance. The export figures are a focus and they are poor indeed. But save some space in the […]
World Seriously Needs to Tell Trump “Go to Hell”
World Seriously Needs to Tell Trump “Go to Hell” The US threatens German companies with sanctions if they continue with Nord Stream 2. This is not our place. Neither the US nor President Trump should not be the sole decider of global sanctions. If the EU wants to do business with Russia to secure natural […]
Europe Likely in Recession Now: Germany, France, Italy Production Collapsed
Europe Likely in Recession Now: Germany, France, Italy Production Collapsed German, French, and Italian industrial production collapsed in November. Italy GDP is negative for 3rd Quarter. Italy GDP Italy’s GDP was negative for the third quarter. Gross domestic product (GDP) in the euro zone’s third largest economy fell by 0.1 percent in July-September due to […]
US Electric Grid Hacked: Perpetrators Could Have Shut Down the System
US Electric Grid Hacked: Perpetrators Could Have Shut Down the System Hackers broke into the US electric grid with spearphishing techniques targeting contractors with system access. The Wall Street Journal has a detailed report out today regarding a sophisticated, and successful attack by hackers into the US electric grid. The hackers could have temporarily shut […]
Mother of All Sucker Rallies Sends Dow 1,000 Points Higher
Mother of All Sucker Rallies Sends Dow 1,000 Points Higher Following a brutal four days in a brutal month, stocks staged a massive rally. Alas, it won’t last. The Wall Street Journal reports Dow Industrials Leap More Than 1,000 Points. The Dow Jones Industrial Average surged more than 1,000 points for the first time in […]
Japan Gives Up On Inflation, Now Wants Deflation (Sort Of) to Offset Tax Hikes
Japan Gives Up On Inflation, Now Wants Deflation (Sort Of) to Offset Tax Hikes Today seems straight from the Twilight Zone: First the PPT and now Abenomics in full reverse. Please consider Japan Finally Concedes Its Crazy Low Prices Can’t Be Beat. Japan has virtually given up on reaching 2% inflation after nearly six years […]
Australia’s House of Cards is Collapsing: Recession Coming Up
Australia’s House of Cards is Collapsing: Recession Coming Up Australia’s housing collapse is now in full swing. A recession will follow shortly. Inga Ting, Geoff Thompson and Alex McDonald provide and excellent set of graphics and information on the bursting of Australia’s housing bubble at House of Cards. Home prices in more than four out […]
Trade Truce? Think Again: Canadian Authorities Arrest CFO of Huawei Technologies
Trade Truce? Think Again: Canadian Authorities Arrest CFO of Huawei Technologies At the request of the US, Canadian Authorities arrest Meng Wanzhou, CFO of Huawei Technologies, over Iran sanctions viol Trade Truce? Deal with China in 90 days? Think again on both counts: Canadian Authorities Arrest CFO of Huawei Technologies at U.S. Request A spokesman […]
