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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.

May 30, 2018 Off

Diving Into Mary Meeker’s 294 Page Technology Report

By Mike Mish Shedlock

Mary Meeker gave her annual report on internet trends Wednesday at Recode’s Code Conference.

May 30, 2018 Off

Fed’s Beige Book Supposedly Shifts Into Higher Gear: Reality vs. Anecdotes

By Mike Mish Shedlock

The Fed’s “Beige Book” report finds employment grew at a modest to moderate pace across most Fed districts.

May 30, 2018 Off

Tesla Hits Parked Police Car, Autopilot Blamed: Waymo vs Tesla

By Mike Mish Shedlock

Hours ago there was yet another reported Tesla autopilot crash with a parked vehicle.

May 30, 2018 Off

Advance Wholesale, Retail, Trade Indicators: More Muddle Through Numbers

By Mike Mish Shedlock

It’s nearly June, but we are just now getting a look at Census Department “advance” numbers for April.

May 30, 2018 Off

Illinois Pension Benefits, Other Promises, and Insolvency

By Mike Mish Shedlock

Let’s take a momentary reprieve from Italian insolvency to discuss the sorry state of affairs in Illinois.

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