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Auto Bloodbath: Lowest Domestic Auto Sales In Three Years Despite Record...
After abysmal March and April prints and growing speculation on Wall Street that auto sales are looking less like a "plateau" (Ford's term) and more like a debt-fueled bubble on the verge of a...
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May Payrolls Preview: The Tiebreaker
After a poor March jobs report, followed by an April scorcher, the May payrolls report due at 8:30am on Friday will be the tiebreaker, not only for the current state of the economy where both soft and...
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Mish: "Rent-A-Car Industry Shakeout Coming"
Sbmitted by Mike Shedlock of MishTalkDollar Rent-A-Car Truly Sucks; Industry Shakeout Coming; Value of a CustomerIt is easy to get good or bad customer service reps at any company. My complaint today...
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A Bird's-Eye View Of American's Largest Auto Port
Via StockBoardAsset.com,In 1963, the Port of Baltimore was the first port of entry for the Volkswagen Beetle. We have to thank the Germans for supplying the ‘Conscious Revolution’ of the 1960s with...
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Russian Oil Chief Says Tesla, Electric Cars Are Overrated
Authored by Tsvetana Paraskova via OilPrice.com,The market expectations for electric vehicle makers are significantly overestimated, Igor Sechin, CEO of Russia’s oil giant Rosneft said on Friday,...
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Visualizing The Train Wreck Of Auto Inventories
Authored by Daniel Ruiz via Blinders Off blog,On May 10, 2017, there were 145,763 new 2016 vehicles unsold. Today, 2016 new car inventory stands at 112,310. At the current rate of sale, we will not...
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Saudi America – How New Tech Is Creating Another Oil Boom
Authored by Charles Kennedy via OilPrice.com,Just when you thought there couldn’t be any more oil in Texas … new technology is about to unlock an extremely shallow field that is brimming with heavy oil...
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The Demographic Divide: A Police State Of Mind
Authored by Danielle DiMartino Booth,Fake news is so old.How else did, “I am prepared to veto any bill that has as its purpose a federal bailout of New York City to prevent a default,” become, “DROP...
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Tesla Is Now Bigger Than Ford, GM, And BMW...
With today's near 1% rise to a new record high, Tesla just became the 4th largest (by market cap) automaker in the world - surpassing BMW at over $61 billion.Tesla passed GM and Ford by market cap in...
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New US Shale Play Emerges As Rig Count Rises For 21st Week In A Row
Crude production from the Lower 48 dropped marginally last week, despite rising rig counts... And in the last week oil rig counts rose once again (21st week in a row) up 8 to 741 - highest since April...
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Pop Goes The Car Bubble... And It May Not Be a Bad Thing
Authored by Eric Peters via EricPetersAutos.com,Almost every negative thing happening in the car business– in particular, ludicrous technical complexity for the sake of electronic gimmickry and also to...
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Shale Production Will Hit An All Time High Next Month... And That's Just The...
While the June oil production data is still pending, it is safe to say that the June oil output from US shale producers - estimated today by the EIA at 5.348mb/d - will post the first double-digit...
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Here's The Real Reason Tesla Makes No Money
Elon Musk bills Tesla as the pinnacle of "lean" manufacturing. Just search for pictures of Tesla's manufacturing plant and you'll undoubtedly be served up futuristic looking images, like the one...
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"FOMC Drift" In Full Effect As Global Stocks Rise; S&P Futures Hit New...
With last Friday's "tech wreck" now a distant memory, this morning the "FOMC Drift" described yesterday, which "guarantees" higher stock prices and a lower dollar heading into the Fed announcement is...
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Shale Efficiency Has Peaked For Now As Rig Count Surges For 22nd Straight Week
For the 22nd week in a row, the number of US oil rigs rose (up 6 to 747) to the highest since April 2015.Given the historical relationship between lagged prices and rig counts, we suspect the...
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Pat Buchanan Remembers "A Long History of Leftist Hatred"
Authored by Patrick Buchanan via Buchanan.org,James T. Hodgkinson of Belleville, Illinois, who aspired to end his life as a mass murderer of Republican Congressmen, was a Donald Trump hater and a...
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What Rich Used To Be
From the Slope of Hope: I've had a lifelong fascination with wealth and, more recently, wealth disparity (for proof, look no further than the SocialTrade stack on this very topic). I grew up in Baton...
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Remember When Ford 'Cancelled' That Plant In Mexico? Well, They've Just Moved...
Back in January, Trump took a very public victory lap when Ford decided to scrap plans to build a $1.6 billion manufacturing facility in Mexico and invest in its Michigan facilities instead (we...
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Republican Handel Wins Georgia House Seat, Dashing Democrats’ Hopes (BBG)Uber CEO Kalanick Quits as Investors Revolt (WSJ)Saudi King’s Surprise Shakeup Clears Son’s Path to the Throne (BBG)After weeks...
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Your Future Wealth Depends on what You Decide to Keep and Invest in Now
Millienials look for instant gratificationSpend half of their income on leisureInstant gratification doesn’t work if need to save for the futureSavings rates falling, few have retirement fundsImportant...
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