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GDPNow Forecast Up Huge on Positive Economic Data
November 27, 2019 Off

GDPNow Forecast Up Huge on Positive Economic Data

By Mish

The Atlanta Fed GDPNow Model forecast for 4th-Quarter GDP jumped strongly today on economic reports since November 19.

How the FCC Helped Pave the Way for Predatory Prison Telecoms
November 27, 2019 Off

How the FCC Helped Pave the Way for Predatory Prison Telecoms

By Karl Bode

Predatory companies have spent decades overcharging inmates and their families for phone calls and video conferencing services. Now, they’re shifting…

The Impeachment Case Against Trump Just Got a Hell of a Lot Stronger
November 27, 2019 Off

The Impeachment Case Against Trump Just Got a Hell of a Lot Stronger

By Cameron Joseph

WASHINGTON — Welp, there goes another GOP impeachment defense. President Trump was briefed on the whistleblower complaint against him weeks…

Trump Accused of Fraud With Two Sets of Books
November 27, 2019 Off

Trump Accused of Fraud With Two Sets of Books

By Mish

President Trump is accused of having two sets of books, one set for loan officers, the other for tax reporting…

The ‘Thong Song’ Made Victoria’s Secret Sales Skyrocket, Sisqo Says
November 27, 2019 Off

The ‘Thong Song’ Made Victoria’s Secret Sales Skyrocket, Sisqo Says

By Bettina Makalintal

Long before Victoria's Secret began its slow decline to irrelevance, with sales plummeting over this decade and its famous fashion…

Sweet Old Mister Rogers Thought Ripping Mean Farts Was Hilarious
November 27, 2019 Off

Sweet Old Mister Rogers Thought Ripping Mean Farts Was Hilarious

By Bettina Makalintal

Every couple has their "things." You know, the weird, funny stuff you do just to make your sweetie smile, like…

Justin Timberlake Apparently Didn’t Cheat But Still Feels Bad, and Sure, Jan
November 27, 2019 Off

Justin Timberlake Apparently Didn’t Cheat But Still Feels Bad, and Sure, Jan

By Allie Jones

On Saturday, the British tabloid The Sun published several photos and a video of Justin Timberlake looking particularly drunk on…

Durable Goods Orders Jump on Defense Spending
November 27, 2019 Off

Durable Goods Orders Jump on Defense Spending

By Mish

Durable goods orders jumped 0.6% in October thanks to a surge in defense spending.

Questioning the Value of Junk
November 27, 2019 Off

Questioning the Value of Junk

By Mish

I am in awe at how little extra yield investors are willing to take for junk bonds vs AAA-rated Bonds.

Investigating the Mystery of Weak Wage Growth
November 26, 2019 Off

Investigating the Mystery of Weak Wage Growth

By Mish

The Wall Street Journal proposes “Reluctance to Switch Jobs” explains wages. But the Atlanta Fed Macroblog says, nope.

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