Author: Mish

The bookmakers give Boris a 1 in 3 shot of becoming the next PM. Focus on reality, not bookie odds.

ADP estimates the economy added only 27,000 jobs in May. The consensus estimate by the BLS, for Friday, is 180,000.

Italy faces an “Excessive Deficit” ruling, the first in EU history. Italy’s response is a parallel currency proposal.

Powell gave a speech today showing his resolve to support the markets. He suggested retiring the word “unconventional”.

The factory sector weakened in April following a strong but negatively revised March. Core capital goods orders fell 1%.

Supposedly we are close to a deal then we aren’t. And not just with China. President Trump, please make up…

Gold put in a strong performance today with the St. Louis Fed president presenting a case for cutting rates.

St Louis Fed President James Bullard is yapping mightily today about the need for rate cuts.

Add India to the list of countries the US is n a trade war with. For now, Australia barely avoided…

Wing components in over 300 737s may be defective. The defect is not limited to 737 max aircraft.