Economists were shocked by the plunge in the Conference Board Consumer Confidence Index Wednesday morning, well below the any economist's guess in Bloomberg's Econoday Forecast.
The crash in Chinese stocks continued today following a respite last week.
Weekly initial unemployment claims fell to the Lowest level Since 1973, perhaps distorted by auto retooling summer shutdowns, or lack thereof.
From mid-2012 until the beginning of 2014, US treasuries were in a steep decline (yield rising) in expectations of Fed rate hikes that never came.
In spite of the fact that Uber is the most banned company in the world, it thrives for one simple reason: People like it, especially business travelers and millennials, even if politicians don't.
Chinese GDP came in at 7% beating estimates (not that anyone really believes it, and I sure don't), but the good news stops there.
In spite of counterproductive attempts by the Fed and Central Banks to foster price inflation, debt overhang has stymied those efforts, at least in regards to consumer prices and import/export prices
In an emergency Saturday meeting, eurozone finance ministers have concluded that "under certain conditions", the latest Greek bailout proposal "may provide" a basis for negotiation.
The IMF has only one legitimate purpose that I can figure out: To continually write position papers and articles silly enough to keep bloggers loaded with material for rebuttal.
Every age group but 65 and older voted "No" in the referendum as the following Greek "No" Vote Demographics shows.
The overheated Shanghai and Shenzhen markets have lost 29 and 32 per cent respectively over the past three weeks following 7-year highs reached on June 12.
Eurozone leaders are pouring it on thick again today with warning after warning.
Consumers came to life in May, as expected by the Bloomberg Econoday Consensus Estimate.
In the durable goods May forecast, the Bloomberg Consensus Economist's Estimate was well off the mark.
The NPR claims the most common job in 29 of 50 US states is truck driving.
The mad dash and perhaps last dash for euros in Greece is on. Some will undoubtedly be frozen out as soon as the ECB halts emergency liquidity assistance (ELA) to Greek Banks.
Following the rebound in consumer spending (heavily weighted to subprime auto sales), economists expected a rebound in Industrial Production.
Economists got one right for a change. Retail sales bounced 1.2% led by autos vs. the Bloomberg Consensus Estimate of 1.3%.
The Volcker Alliance, founded by former Fed chairman Paul Volcker has sounded an alarm over budget gimmicks. The alliance seeks Truth and Integrity in State Budgeting.
Investors in general do not give a rat's ass about gold.