Apr 18

Productivity, Robots, China, Growth

Congratulations. You are more productive than ever. Just don't expect to be paid more for it. In reality, some machine…

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Apr 17

Déjà Vu Weather? No, It’s a Recession!

New Seasonal Pattern? Yesterday Fed Governor Stanley Fischer proclaimed U.S. Economy Should Rebound After ‘Poor’ First Quarter. “There’s definitely a rebound on…

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Apr 15

“Inconceivable” Negative Interest Rates on Mortgages in Portugal

The vast majority of mortgages in Portugal, and a huge number in Italy and Spain are tied to Euribor, the…

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Apr 14

Experts Confounded: Retail Sales Rise First Time in

The Bloomberg retail sales consensus estimate was for a 1.1% gain. Sales did rise for the first time in four…

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Apr 13

Credit Crunch Underway: Can Recession Be Far Behind?

Credit Crunch Underway Last week, Alexander Giryavets of Dynamika Capital L.L.C. pinged me with an article he had written on Recessionary…

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Apr 12

Former Fed Governor Thomas Hoenig Says US Banks

In another round of "stress" tests last month, the Fed said Big Banks Pass Muster. Anyone who has been following stress…

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Apr 10

Milestones in Bond Insanity: Negative 10-Year Yield on

Milestones in Bond Insanity Two events happened this week for the first time: negative yield on 10-year government bonds and 100-year…

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Apr 9

Russia Forced to Do Right Thing? Buy Russia?

Here's an interesting opinion article on MarketWatch: Sanctions, drop in oil price best things that ever happened to Russia. A round…

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Apr 8

Fruity Booty Trojan Horse; Some Truth in Pack

Fruity Booty Trojan Horse Greek prime minister Alexis Tsipras and Russian President Vladimir Putin met today in Moscow. The EU feared…

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Apr 7

Stupidity of Negative Interest Rates Expands to Spain;

Spain Joins the Negative Interest Rate ClubReader Bran emailed a link this morning to an El Pais Article that showed…

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Apr 6

Employment: What Age Group Gets the Jobs?

Inquiring minds are investigating job creation. Here is the question at hand: What age group or age groups get the…

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Apr 5

Peek Inside Caterpillar’s Fully Autonomous Mine Site –

Mining automation has long been a dream for those in the industry. In the following video, Caterpillar announces fully autonomous mining…

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Apr 4

Endless Supply of Rabbits? Greece to Make April

Greece to Make April 9 IMF Repayment April 9th was one of the critical dates by which Greece was said to…

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Apr 3

Huge Miss on Jobs: Establishment +126K Jobs; Household

Initial Reaction For a huge change we see the existing pattern of a strong establishment survey but a poor household…

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Apr 2

Trade Deficit Shrinks; First Quarter GDP Estimate Ticks

Trade Deficit Shrinks Inquiring minds are investigating the Commerce Department report on International Trade in Goods and Services for February 2015,…

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Apr 1

Downside Data Surprises in Canada; Bad Weather Up

The string of bad data reports not only applies to the US, economists up North appear to be no better…

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Mar 30

UBS on the Driver for Gold: What is

An interesting article came my way from UBS analyst Julien Garran on the driver for gold. I do not have…

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Mar 29

Time to Eliminate Pilots in Aircrafts: Post Pilot

Instead of new rules making sure two people are in the cockpit at all times, how about a rule that…

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Mar 27

Patriot Act Vote Coming Up: Google joins Apple,

The Patriot act expires in June, and anyone in their right mind would wish the entire concept go away entirely.…

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