Hard hitting global and local news
Hard hitting global and local news
BLS vs.Gallup Unemployment Rate – Massive Discrepancies The Gallup Daily U.S.
1st Quarter: +0.6% 2nd Quarter: +2.3% The retail sales revisions may add another 0.2% or so to second quarter, assuming there are no other changes. That’s a huge assumption given the history of revisions in nearly every economic number
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
In sunny Spain, Solar Energy Storage is Worse Than Nuclear Spillage Storing solar energy in a battery in Spain is more criminal than spilling radioactive waste. That’s the implied message written between the lines of a recently drafted law poised for fast-track approval by the government of Spain
Household Spending Projections Decline Again: Does the Fed Believe Its Own Surveys? Posted by Michael Shedlock at 3:28 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
More: Germany Isolated as Greece Near €86 Billion Deal With Creditors; Ambitious Yes, Feasible No
Buchanan continues to hit them out of the park. Here is his latest: Obama v. Bibi — Fight to the Finish In his desperation to sink the Iran nuclear deal, Bibi Netanyahu is taking a hellish gamble
Read more here: Mish for President: Officially Throwing My Hat Into the Ring; 11 Questions, 11 Answers
The Plunge in Bank Shares Drag Down Broader Market . Greek bank shares sold off sharply for the third day in a row on Wednesday with buyers yet to emerge on a scale large enough to counter continued dumping of the stocks