Hard hitting global and local news
China’s CPI is up a modest 1.3 percent year over year but Producer Prices Fall for 44th Month . China’s consumer inflation moderated again in October, while producer prices declined for the 44th straight month, as falling commodity prices and weak demand add to deflationary pressure.
Continued here: Robots Will Change World Beyond Recognition Says BoA; Automation Will Change Jobs More Than Kill Them Says McKinsey
For discussion of income distribution, please see What’s "Really" Behind Gross Inequalities In Income Distribution? Birth Death Model Starting January 2014, I dropped the Birth/Death Model charts from this report.
See more here: Merkel Reaffirms "Refugees Welcome" Policy Over Her Own Party’s Objections
Read the original: US Middle-Aged Whites With No College Education Dying at Shocking Rate
Factory Orders Sink 11th Time in 14 Months Factory orders decline once again, in line with the Bloomberg Consensus , but last month was also revised lower. New orders for the export-hit factory sector fell 1.0 percent in September for the 11th decline in 14 months with August revised 4 tenths lower to minus 2.1 percent. September orders for durable goods, initially posted in last week’s advance report, are unrevised at minus 1.2 percent, held down in part by a downswing in civilian aircraft but nevertheless showing wide weakness
Rising Trucker’s Pay, Falling Desire for Trucking Jobs Provide Reasons Self-Driving Trucks Will Reshape Industry Fewer and fewer people are willing to live the trucker’s life. This has created a shortage in drivers and in turn Rising Pay is Reshaping the Trucking Industry . The shortage of truck drivers in the U.S
View article: UK Seeks "Two-Tier" Europe Enshrined in Law
Link: China Contraction Unexpectedly Continues Third Month
Via translation, El Confidential comments on the Banking Drag of €238 Billion Nonperforming Loans at Spanish Banks . The profitability of banks has plummeted. And only the loose monetary policy of the ECB has improved the results.