Hard hitting global and local news
Hard hitting global and local news
Housing Starts Surprise to Upside Led by Multi-Family, Permits Surprise to Downside There’s something for bulls and bears alike to cheer about in today’s housing starts report. Starts were ever-so-slightly above the top Econoday Estimate but permits were well below the lowest economist’s estimate. Starts, driven by a spike in multi-family units, came in much stronger than expected in September, news offset however by a significant decline in permits.
See more here: Socialist Finds 14 Flaws in Capitalism and Seeks Help to Fix Them; Mish 14 Point Rebuttal
Excerpt from: Rio Tinto’s Pilbara Mines Totally Driverless, Controlled 746 Miles Away
View article: Anti-Immigration Party Wins Swiss Election
Swamped By Stupidity; Peak Merkel Backlash against sheer stupidity is starting to build. I am talking about German Chancellor Angela Merkel’s decision to ramrod an agreement that requires EU countries to accept more alleged refugees than many countries want, and even Germany itself can handle. The backlash has finally hit Germany in a big way as was easily predictable months ago.
View article: Homebuilder Confidence Soars to Highest Level in 10 Years Despite Falling Traffic; Unwarranted Optimism?
Tweet Yesterday I listed to both KCRW and KQED podcasts about whether recycling is worth it, occasioned by John Tierney’s decision to recycle his "I hate recycling" op-ed from 20 years ago.
Original post: US Pacific Hegemony vs. a Rising China
Continue Reading: Headline #1: "Most Americans Have Less than $1,000 in Savings"; Headline #2: People Saving Too Much is Now…