Hard hitting global and local news
Hard hitting global and local news
Bond Funds Post 3rd Week of Outflows Posted by Michael Shedlock at 2:01 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy.
Mish with Max Keiser in Chicago, Discussing Chicago Economics and Pizza A couple weeks ago I had the pleasure of meeting Max Keiser and Stacy Herbert, downtown Chicago. On the lakefront, in a very informal chat, we discussed the sorry state of affairs regarding Chicago finances and education
In November of 2014, the Sun Times reported Metra’s $100,000 Club Includes Conductors, Engineers . Nearly one in four Metra conductors and assistant conductors pulled down at least $100,000 last year, and an even higher proportion of engineers — almost 40 percent — took home that amount, a Chicago Sun-Times analysis shows.
Sentiment as a Measure of Health of the Economy; Sentiment Theory vs.
Retail Sales Exceed Expectations, Huge Upward Revisions Retail sales, led once again by autos, beat the Bloomberg Economic Consensus .
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
In a move sure to heighten trade tensions with protectionists in US Congress, Surprise China Devaluation Marks Escalation of Currency War . According to conventional wisdom, wars are easy to start and difficult to end.
Following Saturday’s report Chinese Exports Slump Over Eight Percent , analysts expect more China stimulus. Chinese exports tumbled 8.3 percent in July, their biggest drop in four months and far worse than expected, reinforcing expectations that Beijing will be forced to roll out more stimulus to support the world’s second-largest economy. Imports also fell heavily from a year earlier, in line with market forecasts but suggesting domestic demand might be too feeble to offset the weaker global demand for China’s exports
Plagues of Locusts Invade Russia; Putin’s Inane Food Contraband Destruction Policy; Law of Asset Destruction Putin’s Inane Food Contraband Destruction Policy In an action as economically stupid as president Roosevelt destroying US farm produce during the Great Depression, Russia Incinerates Contraband Food . One year into its embargo on western food products, Russia has launched a controversial campaign to destroy all contraband meat, dairy and produce, using on-the-spot incinerators, dump trucks, rollers and meat grinders.