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Continue reading here: Consumer Confidence Plunges Below Any Economist’s Estimate; Consumers Shock Economists
Read More: Empire State Manufacturing Weaker Than Economists’ Expectations
Industrial Production, Down 5th Month, Weaker Than Economist Expectations Industrial production came in at -0.3%, down for the fifth consecutive month below the Bloomberg Consensus Estimate . Industrial production is stalling, down 0.3 percent in April for a 5th straight monthly contraction. Factories are cutting back with capacity utilization down 4 tenths to 78.2 percent
Read More: Draghi Warns ECB Economic Policies May Lead to Financial Instability and Worsen Income Inequality; Stupidity Index at New…
Original post: Steel Consumption in China Declines First Time in Three Decades; Painful Rebalancing
CNN would report in an article titled, " France tells U.S. Paris suspect trained with al Qaeda in Yemen ," that: Western intelligence officials are scrambling to learn more about possible travel of the two Paris terror attack suspects, brothers Said and Cherif Kouachi, with new information suggesting one of the brothers recently spent time in Yemen associating with al Qaeda in that country, U.S. officials briefed on the matter told CNN.
Read More: Producer Prices, Import/Export Prices Decline Again; Still Think the Fed Will Hike?
More here: Second Quarter GDP Forecast: Blue Chip vs. GDPNow; Where Might the Fed be Wrong?
I attended the San Francisco Commonwealth Club’s Climate One meeting yesterday, on "Climate Cognition" with George Lakoff, Kari Norgaard, and Per Espen Stoknes . Lakoff did his usual thing on framing, YMMV. I think the idea of framing is correct although I’m less sure that the frames he says categorize the political spectrum are accurate