Author: Mish

The Shutdown amounts to a loss of some five million barrels a day, roughly 5% of the world’s daily production…

Questioning “mutual assured destruction,” Charles Kupperman called nuclear conflict “in large part a physics problem.”

Year-over-year freight volume is down nine consecutive months starting December of 2018.

A surge in auto sales buoyed consumer spending in August. Ex-autos, retail spending was flat.

Zimbabwe raised its benchmark interest rate to 70% in an attempt to curtail a second round of hyperinflation.

Despite a lot of huffing and puffing by Remainers nothing has changed.

Kamela Harris is currently in first place in the “Free Stuff” giveaway contest.

The cost of medical care services jumped 0.9% in August and is up 4.3% from a year ago.

The ECB cut interest rates 10 basis points to -0.50% and promised more QE. Trump is howling.

Australia gave “cash back” in July to those making up to $126,000. The move failed to inspire consumer confidence.