May 27

Durable Goods Take II: Original Report vs. Revisions

I received an Email from a long time “Minyanville” associate who writes under the pen name of “Mr. Practical”. He emailed…

Add Your Comment

Read Article
May 26

Suspicion Sets In; Obama Sounds Like Trump; We’re

The US is suspicious of UK prime minister David Cameron and his trade policies with China. Well why not? But the…

Add Your Comment

Read Article
May 25

State Department Rules Hillary Created “Security Risks”: When’s

In an interesting development in the US election campaign, a state department report, released today, shows Clinton’s Use of Private…

Add Your Comment

Read Article
May 24

UPS Fears $3.8 Billion Liability Over Bankrupt Central

In 2007, UPS dumped its pensioners into the Central States Pension Fund, a fund now destined for bankruptcy. As part of…

Add Your Comment

Read Article
May 23

US Manufacturing PMI Declines First Time Since September

According to the Markit Flash Manufacturing PMI survey, manufacturing activity in the US declined for the first time since September…

Add Your Comment

Read Article
May 22

Austria Presidential Election “Too Close to Call” –

Results of Austria’s presidential election this weekend remain unknown. The race is so tight that absentee ballots counted later this week…

Add Your Comment

Read Article
May 21

US and Japan Feud Over Yen, Devaluations, and

The word for today is “orderly”. That word came up many times this week in a feud between the US and…

Add Your Comment

Read Article
May 20

Existing Home Sales Solid, Not Spectacular; Be Careful

Existing home sales bounced in April as expected. Compared to pre-recession totals, sales look weak, but compared to the last…

Add Your Comment

Read Article
May 19

Chicago Pension Liabilities Jump 168%, Understated by $11.5

New accounting rules show Chicago has understated its pension liabilities by $11.5 billion. At the end of 2015 the stated liability…

1 Comment

Read Article
May 18

Saudi Arabia Delays Payment to Contractors, Considers IOUs:

Liquidity Crunch or Worse Saudi Arabia burnt through its reserves faster than anyone thought. In signs of a huge liquidity crunch, at…

Add Your Comment

Read Article
May 17

Are You In This Together With Hillary?

I suspect millions of Americans are in this together with with Hillary and don’t even know it. Just yesterday, I found…

Add Your Comment

Read Article
May 16

Refugees Refuse Assignment to Bulgaria, Romania; Greek Refugee

Beggars Can Be Choosy Proving once and for all this refugee crisis is for economic reasons first and foremost, not political…

Add Your Comment

Read Article
May 14

Reader Asks “What Will Happen When Robots Take

Reader Peter is concerned about the future of jobs, living wages, and displaced workers in a robotic society. Specifically, Peter asks…

Add Your Comment

Read Article
May 13

Wendy’s to Employ Self-Service Kiosks at 6,000 Locations

In direct response to higher wage prices and the firming of commodity prices, Wendy’s is going to install self-service ordering…

2 Comments

Read Article
May 12

Middle Class Shrinks in 203 of 229 Metropolitan

Hollowing Out of America’s Middle Class Since 2000, the percentage of America’s middle class fell in nearly 90% of the nations…

Add Your Comment

Read Article
May 11

Donald Trump, Republican Party Savior

Those who got Donald Trump totally wrong in the nomination process, still have not figured out why. Thus, it’s no surprise…

Add Your Comment

Read Article
May 5

It’s the Debt, Stupid!

For those still wondering why the global economy is struggling, the simple answer is “It’s the debt, stupid.” We will return…

Add Your Comment

Read Article
May 4

GDPNow Ticks Down to 1.7% Despite Trade Gap

There was a slew of economic reports out today, and despite the fact that on the surface the reports seemed…

Add Your Comment

Read Article
May 3

Trump 41%, Clinton 39% in Rasmussen Poll; Cruz’s

Despite massive amounts of nonsense from the Republican elite that Trump cannot beat Hillary, and from Ted Cruz who claims…

1 Comment

Read Article