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Construction Spending Disaster: Expectations Missed, Negative Revisions for 2018
July 2, 2018 Off

Construction Spending Disaster: Expectations Missed, Negative Revisions for 2018

By Mike Mish Shedlock

Economists expected construction spending in May to rise 0.6%. Spending rose 0.4%. April was revised 0.9% lower.

I Asked Experts to Predict the Supreme Court’s Unpredictable Future
July 2, 2018 Off

I Asked Experts to Predict the Supreme Court’s Unpredictable Future

By Eoin Higgins

For liberals, the natural impulse when Justice Anthony Kennedy announced he was retiring from the Supreme Court last week was…

The More People Vote, the More Progressives Win
July 2, 2018 Off

The More People Vote, the More Progressives Win

By Sean McElwee

The Republican-controlled Supreme Court, empowered by a seat stolen when GOP senators blocked Merrick Garland’s nomination in 2016, has been…

How the London Olympics Have Damaged the Local Area
July 2, 2018 Off

How the London Olympics Have Damaged the Local Area

By Mark Wilding

The Stratford skyline is punctuated by cranes. This part of east London has been a hive of construction activity for…

Yield Curve Will Invert From the Inside Out
July 2, 2018 Off

Yield Curve Will Invert From the Inside Out

By Mike Mish Shedlock

How does the yield curve invert? Jim Bianco at Bianco Research says “Inside Out”

South Australia Is No Longer the Chill, Weed Loving State It Once Was
July 2, 2018 Off

South Australia Is No Longer the Chill, Weed Loving State It Once Was

By Wendy Syfret

South Australia’s standing as a “cool state” has come under threat this week, with a push to change the way…

Anti-Trump Leftist Win Mexico Presidency in Landslide
July 2, 2018 Off

Anti-Trump Leftist Win Mexico Presidency in Landslide

By Mike Mish Shedlock

Andrés Manuel López Obrador (AMLO), anti-Trump leftist, will become Mexico’s 58th president for the next six years.

The US Stopped Other Countries from Legalizing Weed for Generations
July 2, 2018 Off

The US Stopped Other Countries from Legalizing Weed for Generations

By Maia Szalavitz

With its decision to legalize weed starting on October 17, Canada has effectively signed a death warrant for pot prohibition…

CSU Leader Horst Seehofer Resigns Leaving Merkel’s Coalition in Doubt
July 1, 2018 Off

CSU Leader Horst Seehofer Resigns Leaving Merkel’s Coalition in Doubt

By Mike Mish Shedlock

Germany’s interior minister and CSU party head Horst Seehofer will resign both offices in a dispute with Merkel.

Trump’s $54 Billion Tax Hike on Autos: EU Threatens $300 Billion Retaliation
July 1, 2018 Off

Trump’s $54 Billion Tax Hike on Autos: EU Threatens $300 Billion Retaliation

By Mike Mish Shedlock

The EU is poised to retaliate against Trump. The Financial Times editorial board endorses the idea.

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