Hard hitting global and local news
Durable goods orders this morning leapfrogged all economic estimates (see Durable Goods Orders Surprise to Upside, Led by Autos ). Yet the GDPNow Forecast only rose by .01%
More: Economic and Social Tipping Points: Have We Arrived?
Taken from: Another Wild Ride; Stocks Collapse Into Close; Dip Buyers Hammered; Overhead Supply
Today’s action was not pretty, unless you were a bear. Here are a few charts to consider
Please consider How US Sugar Policies Just Helped America Lose 600 Jobs .
Read More: Huge Glut in European Dairy Cows and Milk Coming Up
Instead, and as widely expected, Alexis Tsipras to ‘Step Down and Call Snap Elections’ . The Greek prime minister, Alexis Tsipras, has decided to step down and call snap elections for 20 September, government officials said
Taken from: Industrial Production Jumps on Surge in Auto Production; Revisions and Seasonal Adjustments in Play
Retail Sales Exceed Expectations, Huge Upward Revisions Retail sales, led once again by autos, beat the Bloomberg Economic Consensus .