This past week I was interviewed by James Stafford at Oilprice.com.
Whats the real populist risk: Donald Trump and Nigel Farage?
Household debt for the first quarter of 2016 is up $136 billion.
Whether the economy is in recession remains to be seen, but the manufacturing recession continues without a doubt.
Not satisfied with economic distortions resulting from the redefinition of full-time employment to 30 hours for Obamacare purposes but 32 hours for every other purpose, President Obama is back at it.
The Atlanta Fed updated its GDPNow forecast following todays housing and CPI reports.
The Empire State Manufacturing Index crashed to -9.02 after a brief two-month rally.
In direct response to higher wage prices and the firming of commodity prices, Wendys is going to install self-service ordering kiosks at 6,000 locations. McDonalds is expected to follow at a slower pace.
Retail department store sales are in a funk.
Wholesale sales numbers bounced a hefty 0.7% but the internals look pretty weak.
For those still wondering why the global economy is struggling, the simple answer is Its the debt, stupid.
There was a slew of economic reports out today, and despite the fact that on the surface the reports seemed mildly positive for GDP, the GDPNow Model sees things otherwise.
With the exception of emerging market countries in trouble like Brazil and Russia, and complete hyperinflation basket cases like Venezuela, can anyone name a central bank that genuinely wants a stronger currency?
The word of the day is stagnation.
In Thursdays FOMC statement, the Fed made some useless noise about closely monitoring inflation.
Those who thought the situation in Greece was solved after prime minister Alexis Tsipras suddenly caved in to creditors demands need think again.
New home sales fell in March for the third consecutive month. Sales in the first quarter are up just 1.3% from the same quarter in 2015.
Its rather amusing that Japan cannot destroy its currency even though it has tried, and tried and tried.
Since 1st quarter of 2014, Ubers percentage of ground transportation business booked on Certify, the second-largest provider of expense software in North America, has soared from under 10% to 43%.
Existing home sales bounced 5.1% from Februarys steep decline of 7.3%, originally reported as -7.1%.