Hard hitting global and local news
Rosenberg’s odd stagflation scenario is a recession in 12 months, with rising inflation, but cooling commodities.
US cotton producers will take a hit in the US-China tit-for-tat trade war. We call this “winning”.
Since there is no longer any reasonable debate about a trade war having started, let’s investigate how it ends.
Purportedly there is an agreement between Merkel and Macron on the immigration issue. They forgot to ask CSU and Italy.
Public outcry, even from Republicans has gotten so intense, Trump had to act. He will issue an executive order.
Economists expected a bounce in existing home sales in May. There was no bounce and revisions in April were negative.
Trump’s policy of using innocent children to get his way has drawn ire from at least 15 Republican senators.
GE has been a part of the DOW index since 1907. You can officially kiss GE goodbye.
A video of Tesla’s new tent production facility shows a world-class operation.
The markets are reeling a bit today and bond yields are falling on news of escalating trade war threats.