Author: Mike Mish Shedlock

Economists expectations for July housing starts was 8.8% too high. They blame lumber tariffs and labor shortages.

Rosenberg says “Keep an eye on M1”, others watch Cyclicals, and still others have an eye on junk bonds.

In an enormous political gaffe, New York Governor Andrew Cuomo told an audience “America was never that great.”

Productivity for the second quarter rose 2.9%. Year-over-year inflation-adjusted hourly earnings are down.

The SEC launched a formal investigation into Tesla by the SEC over Musk’s allegations. More lawsuits filed.

July retail sales come in well above expectations even accounting for the downward revision in June from 0.4% to 0.2%.

Elon Musk’s Tweet about going private was likely an act of desperation. Tesla will not meet stated profitability goals.

Trump praises people boycotting an American icon: Harley Davidson Motorcycles.

A New York Fed report shows household debt hit a new record high of $13.29 trillion in the second quarter.

The strong dollar dampers the tariff impact on import prices except energy. Export prices decline led by agriculture.