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June 1, 2018 Off

Necco Survives: Plaster or Yummy?

By Mike Mish Shedlock

I was quite fond of Necco wafers as a kid. Others compare the candy to chalk or drywall.

June 1, 2018 Off

Spain’s Corrupt Government Falls in Vote of No Confidence

By Mike Mish Shedlock

The Spanish parliament finally had enough of the corrupt regime of Mariano Rajoy.

June 1, 2018 Off

Hot May Jobs Report: Employment +223K, Private Wages Rose $0.08 Per Hour

By Mike Mish Shedlock

Jobs exceeded expectations and the unemployment rate edged lower to 3.8% as the participation rate fell.

June 1, 2018 Off

Quoted without comment, from “The Fortunes of Africa”

By Brian

Page 581:With relentless propaganda, the Nationalists played on the electorate’s racial anxieties at every opportunity. They paid particular attention to…

May 31, 2018 Off

Italy Government Approved: Crisis Over? Hardly! Get Popcorn, Gold

By Mike Mish Shedlock

The FT says the political crisis is all but over. I suggest otherwise.

May 31, 2018 Off

Trump Started a Global Trade War Today: Canada, Mexico Responded, So Will Europe

By Mike Mish Shedlock

Trump has been itching for a global trade war ever since he took office. He just confirmed one.

May 31, 2018 Off

Five Star and Lega Coalition Reaches Agreement

By Mike Mish Shedlock

The Five Star + Lega coalition is back in place. Italy’s president Sergio Mattarella likely has little choice this time.

May 31, 2018 Off

Real Personal Consumption Exenditures Rise 0.4% in April, Bonds Quiet

By Mike Mish Shedlock

The BEA reports real disposable income rose 0.2% while real spending rose 0.4%.

May 31, 2018 Off

Liquidity Crisis Coming: Here, There, Everywhere

By Mike Mish Shedlock

Jim Puplava thinks a liquidity crisis is on the horizon. I agree, adding that the problem is global.

May 31, 2018 Off

Anti-Establishment Landslide in Italy Looks Increasingly Likely

By Mike Mish Shedlock

Sergio Mattarella’s appointment of an IMF technocrat to head Italy is about to backfire on him miserably.

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