Hard hitting global and local news
Hard hitting global and local news
Many have remarked about how hot the world is this year. Â Not too surprising given the shift to a strong El Nino, with the global temperature anomaly moving up.
Sentiment as a Measure of Health of the Economy; Sentiment Theory vs.
Taken from: Industrial Production Jumps on Surge in Auto Production; Revisions and Seasonal Adjustments in Play
The Illinois Policy Institute reports Manufacturer Moves Out of Madigan’s Backyard, Cites Unfriendly Business Climate . Illinois’ manufacturing meltdown is showing no signs of stopping. Hoist Liftruck, a manufacturer of industrial forklifts, has announced plans to move more than 300 manufacturing jobs from Bedford Park, Illinois, to East Chicago, Indiana
Retail Sales Exceed Expectations, Huge Upward Revisions Retail sales, led once again by autos, beat the Bloomberg Economic Consensus .
View the original here: Don’t Worry, There’s Only One Cockroach
Reader Question: Is China a Currency Manipulator? Posted by Michael Shedlock at 5:59 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice
MarketWatch reports Productivity Dry Spell Looks Worse in Latest Report The dry spell of productivity in this economic expansion is even worse than previously thought, according to new data released Tuesday. The average annual rate of productivity growth from 2007 to 2014 was revised down to 1.3% per year from the prior estimate of 1.4%, the Labor Department said Tuesday. This is well below the long-term rate of 2.2% per year from 1947 to 2014
Tweet RWE (Rheinisch-Westfälischen Elektrizitätswerk) is one of the largest electrical power companies in biggest soft coal (aka dirt or lignite) mining operations in the world. It is also home base for Fritz Varenholt , one of Germany’s most active solar fans (nonono, not wind energy, he don’t like that or solar power either, but the sun, the sun, not greenhouse gases are the thing for Fritz). Anyhow RWE is in big trouble because of the Energiewende, folks are not paying as much for what they make because they are using less of it and RWE is deep into coal and gas power generators. Germany and operators of one of the largest lignite (brown coal, aka dirt) mines in the world The Sueddeutsche brings news of a major reorganization typical of a failing concern that had overexpanded in the fat times. Many of the 100 formerly more or less independently operating subsidiaries, with their own boards, are being hovered up into 32 and what is left will be directly controlled by the mothership. The command module will, of course, expand. The large pink elephant of a headquarters building has been sold off, from which bunnies gather that they are turning stuff into cash as fast as they can.