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Despite 213K Jobs Gain, Unemployment Up by 499K: Wage Growth Anemic Again
July 6, 2018 Off

Despite 213K Jobs Gain, Unemployment Up by 499K: Wage Growth Anemic Again

By Mike Mish Shedlock

The labor force expanded by 601K sending the unemployment rate up to 4.0% from 3.8%. Wage Growth missed expectations.

Seven Rate Hikes and a Big Stumble
July 6, 2018 Off

Seven Rate Hikes and a Big Stumble

By Mike Mish Shedlock

Alpine Macro put together an interesting set of charts with commentary. Let’s take a look.

I Learned to Play Violin in Prison
July 6, 2018 Off

I Learned to Play Violin in Prison

By Jason Naradzay

This article was published in collaboration with the Marshall Project. Sign up for their newsletter.First, let me situate you: doors…

This Is Who Pays When You Use MoviePass to See Movies for ‘Free’
July 6, 2018 Off

This Is Who Pays When You Use MoviePass to See Movies for ‘Free’

By Rick Paulas

In the wake of any “disruptive” technology are winners and losers, and MoviePass, the way-too-good-to-be-true movie theater deal, is no…

Vitaliy Katsenelson Explains “Why I Canceled My Model 3 Order”
July 6, 2018 Off

Vitaliy Katsenelson Explains “Why I Canceled My Model 3 Order”

By Mike Mish Shedlock

Take a gander at the Model 3 shopping experience. If you still like Tesla, as a company, you are delusional.

Wage Pressures in Japan, Devaluation in China: Renminbi has Worst Month Ever
July 5, 2018 Off

Wage Pressures in Japan, Devaluation in China: Renminbi has Worst Month Ever

By Mike Mish Shedlock

The Renminbi had its worst month ever in June. Meanwhile, wage pressures mount in Japan.

Breaking: Congress Continues to Do Pretty Much Nothing
July 5, 2018 Off

Breaking: Congress Continues to Do Pretty Much Nothing

By Mark Hay

Last summer, after several Republican attempts at repealing and replacing the Affordable Care Act collapsed, a number of legislators and…

Scott Pruitt Was Somehow Too Dumb and Corrupt Even for Trump
July 5, 2018 Off

Scott Pruitt Was Somehow Too Dumb and Corrupt Even for Trump

By Matt Taylor

On Thursday, Scott Pruitt, the mind-numbingly corrupt and thoroughly medieval global warming skeptic Donald Trump saw fit to place in…

This Artist Reimagined Pop Songs as Beautiful Infographics
July 5, 2018 Off

This Artist Reimagined Pop Songs as Beautiful Infographics

By Nicole Clark

In 2015, artist Katrina McHugh decided to tackle the viral art challenge “100-Day Project” by making infographics of pop song…

“Dynamic Factor” Boosts GDPNow Following ISM: Email Discussion With Pat Higgins
July 5, 2018 Off

“Dynamic Factor” Boosts GDPNow Following ISM: Email Discussion With Pat Higgins

By Mike Mish Shedlock

On July 2, the GDPNow model for 2nd-quarter GDP jumped to 4.1% from 3.8%. An email exchange with Pat Higgins…

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