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We’re Flying with Eyes Partially Closed into Turbulent Markets & Economy

We’re Flying with Eyes Partially Closed into Turbulent Markets & Economy But for the markets: “No Data is Good Data” “NOTICE: Due to a lapse in federal funding this website is not being updated,” it says in big lettering against a bright red background at the top of the data sites of the Department of […]

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Canada Pauses Reporting Trade Data, Blames US Shutdown

Canada Pauses Reporting Trade Data, Blames US Shutdown Statistics Canada said today the release of their monthly trade statistics will be delayed indefinitely due to the current shutdown of the U.S. government. Statistics Canada: “Trade statistics without Canada’s exports to the United States have limited use as a current economic indicator, as these exports represent […]

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Cowen: Shutdown Brings “More Default Risk Than The Market Realizes”

Cowen: Shutdown Brings “More Default Risk Than The Market Realizes” Echoing almost verbatim the bleak outlook on the US government  shutdown laid out by Goldman on Friday in which the bank said the government closure could last “up to a few weeks” and become dangerous once it approaches the timing of the debt ceiling, Cowen’s […]

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David Stockman On CNBC: ‘We’re On The Fiscal Titanic”

David Stockman On CNBC: ‘We’re On The Fiscal Titanic” A government shutdown would force Congress to address fiscal issues before they reach unmanageable levels, a former Reagan administration official contended Wednesday. “We’re on the fiscal Titanic and we’re going to hit something hard and immovable one of these days,” said David Stockman, director of the […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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