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June 8, 2018 Off

Meet the “Taycan”: Porsche’s Tesla Competitor

By Mike Mish Shedlock

The Tesla S competitor from Porsche carries the name “Taycan”, pronounced “Tie- Con”.

June 8, 2018 Off

Three US Tire-Chord Makers Threaten to Close Doors Due to Trump Tariffs

By Mike Mish Shedlock

Three tire-cord manufacturers got a push-back in their effort to win trade exclusions from Trump. They threaten closure.

June 8, 2018 Off

Social Security Payments Exceed Income: “Trust Fund” Will Be Wiped Out by 2034

By Mike Mish Shedlock

The notion there is a trust fund is ludicrous but let’s look at this story through the eyes of a…

June 7, 2018 Off

Average New Vehicle Auto Payment Hits Record High $523 Per Month

By Mike Mish Shedlock

The average size of a loan for a new car in the U.S. set a record in the first quarter…

June 7, 2018 Off

German Industrial Orders Decline 4th Month, Analysts Expected a rebound

By Mike Mish Shedlock

Analysts expected a rebound in German industrial orders. Instead, orders fell a steep 2.5%

June 7, 2018 Off

McDonald’s Shares Jump on Corporate Job Cuts, “Eliminating Layers”

By Mike Mish Shedlock

McDonald’s president sent an email to all US employees announcing corporate job cuts. Wall Street is Happy.

June 7, 2018 Off

Europe’s Nationalism and Trump’s Trade Policies Look Like WWI Prelude

By Mike Mish Shedlock

In conversations with friends, one thought the current political scene was like the prelude to WWII. Another said WWI.

June 7, 2018 Off

Amidst Inflation Scare, Price War intensifies between Costco, Target, Walmart

By Mike Mish Shedlock

You’re not imagining things. Stuff is a little bit cheaper at Costco, Target, Walmart, and Kroger this year.

June 6, 2018 Off

Congratulations Workers: You Make 0.3% More Per Hour Than One Year Ago

By Mike Mish Shedlock

In real terms, workers make 0.3% more per hour than a year ago, assuming one believes the BLS CPI Statistics.

June 6, 2018 Off

Productivity Up 0.4%, Well Under Expectations of 0.7%, Labor Costs Up 2.9%

By Mike Mish Shedlock

First-quarter US productivity was a disappointing 0.4%. Manufacturing productivity declined 1.2%. Wages rose 2.9%.

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