Author: Mike Mish Shedlock

Economists underestimated the magnitude of a decline in import prices and missed the boat entirely on export prices.

Australia’s housing collapse is now in full swing. A recession will follow shortly.

California regulators want to tax text messages to fund programs that bring connectivity to underserved residents.

Theresa May survives a Tory leadership challenge by a vote of 200-117 but at a price. She will not run…

The CPI came in unchanged for November as expected today. Energy, apparel, and transportation were all negative.

At least 48 Tory MPs (15% minimum) filed letters of no confidence in Theresa May. A Tory-only secret ballot is…

On an impossible mission to get the EU to make Brexit changes, Theresa May continues to make a fool of…

At a White House meeting with top Democrats, Trump proclaims he would be “proud to shut down the government”.

Last year, Janet Yellen stated her belief there would not be another financial crisis. Already she is worried.

The stability pact was always an illusion but Macron’s minimum wage hike will put a huge spotlight on France and…