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Peak Autos: Toyota And Nissan Execs Admit U.S. Auto Sales Have Peaked On...
Despite record incentive spending, constantly loosening lending standards and endless cheer leading from the "Big 3" U.S.-based auto OEMs, senior executives from Toyota and Nissan are convinced that...
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America Is The Poisoned Chalice
Submitted by Raul Ilargi Meijer via The Automatic Earth blog,Neither candidate in the US presidential election has had many specifics to offer on their economic ideas and projected policies, and that...
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GM Slashes 2000 Jobs, Suspends 3rd Shift On Bloated Inventories, Slowing Sales
Who could have seen this coming? Just weeks after Ford idled four factories due to slumping sales and excess inventory, GM just followed by slashing 2000 jobs permanently and suspending a third shift...
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"The Economic Peace Is Over" - Get Ready, Change Is Upon Us
Submitted by Chris Martenson via PeakProsperity.com,“After four years of warfare that tore the world apart like never before, a peace was finally reached. But it was a peace which one man in...
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Bernie Sanders: Indicting Hillary Would Be An Outrage Beyond Belief
Submitted by Stefanie MacWilliams via PlanetFreeWill.com,In his first post-election interview, Bernie Sanders has declared to should-be-disgraced Wolf Blitzer that Trump seeking to indict Hillary...
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Bond Rout Ends As Trump "Reflation Rally" Fizzles Sending Dollar Lower; Iron...
As we suggested yesterday when we posted the first in what is likely to be many contrarian reports on the "Trump Reflation Rally", one in which Goldman predicted that no matter what policy mix is...
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Ford CEO Blasts "Huge Impact" Of Automotive Import Tariffs
It is quite clear, at this point, that Trump's election victory was almost entirely due to support he received from unemployed auto workers in PA, OH, MI and WI, many of whom suffered the devastating...
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Jesse Jackson Tells Obama: Give Blanket Pardon To Hillary Clinton
Shortly after a haggard-looking Hillary Clinton made her first public appearance since the election, Jesse Jackson called for President Obama to issue a blanket pardon to Hillary Clinton before he...
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Raoul Pal Warns "Trump Will See A Recession In 2017"
Authored by Raoul Pal via The Global Macro Investor,US Presidential Elections and RecessionsAs you know, I follow the business cycle, which describes the ebb and flow of the economy from boom to bust...
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Ford CEO Folds? Trump Confirms Carmaker Won't Move Production To Mexico
Just hours after Ford CEO complained of the "huge impact" of Donald Trump's proposed trade plans, following the company's plan to move a substantial portion of its passenger-car production to Mexico...
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Thanks For Nothing... And Everything
Submitted by Uncola via TheTollOnline.com,During this season of Thanksgiving, I would like to express my overwhelming gratitude...Thank you, President Obama. Thank you for not upholding your oath to...
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"A Million Dollars Ain't Worth What It Used To Be..."
Being a millionaire is overrated, according to Visual Capitalist's Jeff Desjardins. The term itself has quite a few connotations, including many that have been ingrained in us since we were children....
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Towards An 'America First' Trump Trade Policy
Submitted by Patrick Buchanan via Buchanan.org,Donald Trump’s election triumph is among the more astonishing in history.Yet if he wishes to become the father of a new “America First” majority party, he...
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Larry Kudlow is an Idiot; but, at least, He’s Dangerous!
This article by David Haggith was first published on The Great Recession Blog: Lampooning Larry Kudlow is like shooting fish in a supermarket. I ought to be embarrassed at going after dead prey and...
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Wikileaks Releases Half A Million Diplomatic Cables From "Year Zero" Of The...
Coming on the sixth year anniversary of the infamous "Cablegate", when on this day in 2010 Wikileaks made global headlines when it unveiled classified cables sent to the US State Department, revealing...
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Speculation Soars As Mike Pence Says "There Will Be Very Important...
With the Trump cabinet filling up, but a number of key positions still to be announced, vice-president-elect Mike Pence told Fox News tonight that "there will be very important announcements tomorrow."...
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Global Stocks Pressured As Oil Slides On OPEC Deal Concerns; US Futures,...
European stocks were little changed and oil fell as investors assessed declining prospects for an OPEC deal and risks from Italy’s referendum. Asian stocks declined, while S&P futures pointed to a...
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Trump Picks Elaine Chao As Transportation Secretary
In the first of what Mike Pence called"several very important announcements," Politico reports that former Labor Secretary Elaine Chao is set to be announced later Tuesday as President-elect Donald...
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Trump Reaches Deal To Keep 1,000 Carrier Jobs In The U.S.
Nine months ago the video of a plant-full of American workers getting the news that they were 'fired' due to Carrier International moving its air-conditioning plant from Indiana to Mexico went viral...
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Steve Mnuchin Selected by Trump for Treasury Secretary, a Look at Previous...
Trump selected Steve Mnuchin to be the next Treasury Secretary. Steve is a Goldman man. What else is new? Let’s have a look at the recent men who’ve filled this role in government and their...
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