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Mexico's New Auto Plants Unable To Find Enough Labor... As Detroit Still...
North American auto OEMs and their tier 2 suppliers have been in a race to move auto production across borders to low-cost countries (LCCs) for the past couple of decades as soaring wages, pension and...
View ArticleFrontrunning: August 17
Futures flat ahead of Fed minutes (Reuters)Trump shakes up campaign staff (Reuters)Univision Wins Bankruptcy Auction for Gawker Media for $135 Million (WSJ)Congress receives FBI material on Hillary...
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Ford Announces Plans To Self-Destruct Starting In 2021
Ford CEO, Mark Fields, sat down with Bloomberg to discuss plans to introduce a completely autonomous car by 2021. The only real problem we see with that plan is that it pretty much ensures their own...
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Uber Determines Pittsburgh Lives Most Expendable; Plans To Unleash Autonomous...
Uber just announced plans to introduce autonomous, well semi-autonomous anyway, vehicles to carry passengers in Pittsburgh later this month. Per an interview with Bloomberg, in a plan described as...
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Battle Of The Unicorns: Uber Says Lyft Is Worth Only $2 Billion, One Third Of...
Call it the battle of the uni-cabs.While Uber has no problem sitting at the top of the global unicorn pyramid, with a valuation of $68 billion as of June 2016, the "cab" company had some reflexively...
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The Permian Pitfall: A Race To The Bottom For Tight Oil
Submitted by Arthur Berman via OilPrice.com,Remember the shale gale and Saudi America? The scale of those outlandish delusions has now dwindled to plays in a few counties in West Texas and southeastern...
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Uber & Out? nuTonomy Launches First Driverless Taxi Service In Asia
Last week we noted Uber's intention to launch "semi-autonomous" taxis in Pittsburgh (see "Uber Determines Pittsburgh Lives Most Expendable; Plans To Unleash Autonomous Vehicles There Within Weeks")....
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The Disgusting Silence Fueling Crony Capitalism
Authored by Mark St.Cyr,“There’s a kind of hush, all over the world tonight. All over the world you can hear the sounds, of lovers in love….”Those lyrics (by Les Reed and Geoff Stephens performed by...
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Another Canary In The Coal Mine...
Submitted by Eric Peters via EricPetersAutos.com,Another canary in the coal mine has just dropped to the bottom of its cage.A few weeks back, I wrote aboutevidence that the bubble-ized new car business...
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Global Stocks Slide, Futs Flat; Commodities Down On Stronger Dollar As Hike...
The dollar index rose to a two-week high on Monday, while bond yields jumped to their highest since June and global stocks sold off after senior Federal Reserve officials indicated a U.S. interest rate...
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August Auto Sales A Disaster As Ford Admits "We Think Sales Have Reached A...
August auto sales were pretty much a disaster this morning with every single OEM missing analyst forecasts. Ford executives provided the most sobering commentary on future auto sales saying they...
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Why Trump Can Still Win
Submitted by Conrad Black via Strategic-Culture.org,The dust has settled since the conventions and Mrs. Clinton appears to have settled into a lead of three to seven points. This reflects the usual...
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Sorry, Losers! How The Fed Has Screwed The Many To Protect The Few
Submitted by Chris Martenson via PeakProsperity.com,By its actions, the Federal Reserve has selected a precious few winners and many, many losers. Sadly, you are highly likely to be one of the...
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Gartman: "Oil Is Not Going Above $55 For Years"
In mid-January, everyone's favorite market indicator Dennis Gartman, made an infamous prediction when oil was trading in the mid-$30s, when he said that oil won't hit $44 again "in my lifetime" Sure...
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The One Trillion Dollar Consumer Auto Loan Bubble Is Beginning To Burst
Submitted by Michael Snyder via The Economic Collapse blog,Do you remember the subprime mortgage meltdown from the last financial crisis? Well, this time around we are facing a subprime auto loan...
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Is US Auto Sales Data Fabricated: FBI Investigating Chrysler For Falsifying...
Ever wonder how car sales have been so remarkably strong over the past 7 years as the economy has seemingly stagnated? Sure, a massive subprime auto lending bubble has helped fuel auto sales as $0...
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Consumer Credit Jumps By $18 Billion In July; Student, Auto Loans Hit $2.4...
After last month the Fed reported that in June revolving, i.e. credit card, credit unexpectedly soared by $7.7 billion, the second highest monthly increase since the financial crisis, many were popping...
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The Deep (Left) Pockets Of Black Lives Matter
Authored by Mitchell Shaw, originally posted at TheNewAmerican.com,While claiming to be a grassroots organization formed in response to the prevalence of police violence, Black Lives Matter (BLM) is...
View ArticleFrontrunning: September 9
German jitters weigh on stocks, ECB doubts lift yields (Reuters)Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexican Desert (WSJ)Monte dei Paschi CEO to be replaced as cash call looms...
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A Flood Of Profit Warnings Just Crushed The "Earnings Recovery"
After what is set to be six consecutive quarters of annual earnings declines - consensus now sees Q3 EPS dropping -2.1% according to Facset when as recently as the end of March, analysts were expecting...
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