Clik here to view.
Trump Trade Tsar Warns Of "Cataclysmic" Consequences If China Gets "Market"...
Trump's trade tsar, Robert Lighthizer, aka the US Trade Representative speaking before Congress on Wednesday, fired a warning shot at both Beijing and the World Trade Organization, warning that any...
View ArticleClik here to view.
"Technology Is Replacing Brains As Well As Brawn" - Challenging The...
Academics and economists have repeatedly underestimated the impact that immigration and automation would have on the labor market. As data on productivity gains and labor-force participation clearly...
View ArticleTrumpistan: Where We Are, Where We’re Going, Going….Gone
(Warning: anyone more comfortable in an echo chamber should run to his or her safe space now)Dumb is en vogue. So is lying. What was once shunned is now worn as a badge of honor. The White House has...
View ArticleClik here to view.
Seymour Hersh: US Lied About Syrian Chemical Attack Then Bombed Them Anyway
Liberty Blitzkrieg's Mike Krieger notes that part of Trump’s appeal to many of his voters was, at least ostensibly, the idea that he would employ a less hawkish/neocon foreign policy than his opponent...
View ArticleClik here to view.
How America Armed Terrorists In Syria
Authored by Gareth Porter via TheAmericanConservative.com,Three-term Congresswoman Tulsi Gabbard of Hawaii, a member of both the Armed Services and Foreign Affairs committees, has proposed legislation...
View ArticleClik here to view.
Some Really Stupid Things Uttered By Some Really Smart People
Submitted by Doug Kass via Seabreeze Partners,"Remain calm, all is well."--Kevin Bacon, "Animal House"History is littered with very smart people saying very stupid things.Here are some examples of...
View ArticleClik here to view.
Are America's Aircraft Carriers On Their Way To Obsolescence?
Back in May, Trump raised some eyebrows when he offered his candid opinion to Time Magazine on the advantages of steam catapult systems as compared to the Navy’s new Electro-Magnetic Aircraft Launch...
View ArticleClik here to view.
DeSoto To DeLorean - 14 Defunct Car Brands (& How They Failed)
Automobile enthusiasts around the world know brands like Studebaker, Plymouth and Packard, but you’d be hard-pressed to find any of these on the roads today. Former powerhouses in the American auto...
View ArticleClik here to view.
'Detroit 3' June Auto Sales Crash 6% YoY...Just Enough To Spark A Massive...
It seems that "Big 3" auto sales for the month of June managed to hit a sweet spot whereby they were down just enough year-over-year to spark a massive equity buying binge on a shortened holiday...
View ArticleClik here to view.
Carmageddon: Record Incentives And Financing Terms Fail To Stem The Auto...
Yesterday we noted that auto investors celebrated the fact that, while auto sales were down massively year-over-year (to the tune of nearly 6% for the Detroit 3), June figures were 'less bad' than...
View ArticleClik here to view.
Stockman: "We're On The Fast Track To 'Carmageddon'"
Authored by David Stockman via The Daily Reckoning,Back in the 1950s when GM had 50% of the auto market they always said that, “As General Motors goes, so goes the nation.”That was obviously a tribute...
View ArticleClik here to view.
Auto OEMs And Auction Houses Are Colluding To Prop Up Used Car Prices; It...
We've written frequently about the pending collapse in used car prices that will inevitably be brought on by a surge in leases over the past 5 years. With wages stagnant and car prices rising, the...
View ArticleClik here to view.
Carmaggeddon Continues - Slowdown Looms, Manufacturing Has Peaked This Cycle
Authored by Mike Shedlock via MishTalk.com,The Brookings Institute says Auto slowdown Flashes Caution Lights for Manufacturing Employment and Trump.A switch to self-driving, trends towards electric,...
View ArticleClik here to view.
US Economy Keeps Moving Into Summer Storm
The following article by David Haggith was published first on The Great Recession Blog:One of the kookiest moments last month came when Fed Chairwoman Yellen spoke about seeing no financial collapse in...
View ArticleClik here to view.
Photos Of Aleppo Rising: Swimsuits, Concerts And Rebuilding In First...
When taxi and bus drivers take journalists into Syria via the Beirut-Damascus Highway these days, there's a common greeting that has become a kind of local tradition as the drivers pull into their...
View ArticleClik here to view.
US Shale Production Just Hit A New All Time High
One month ago, we reported that based on recent data, June oil output from shale producers would post the first double-digit production growth since July of 2015, when oil prices tumbled and a...
View ArticleClik here to view.
Oil Rig Count Falls By 1 As Analyst Warns Permian Reserves Are Grossly...
For only the second time in the last 27 weeks (and 4th in the last 56 weeks), the number of US oil rigs fell last week (down 1 to 764 rigs). There is a growing concern that the rising rig count has now...
View ArticleClik here to view.
In Furious, Bizarre Tweetstorm Trump Slams Leaks, "Amazon Post", "Failing...
Trump may have broken a personal tweetstorm record on Saturday morning, when starting shortly after 6:30am, in a furious blast of ten tweets (and still going), Trump lashed out at the "Amazon...
View ArticleClik here to view.
European Stocks Fall To 3 Month Lows On "Carmaker Cartel" Fears, Sliding...
In a mixed session, which has seen Asian stocks ex-Japan broadly higher, the European Stoxx 600 index dropped as much as 0.6% after data Markit PMI data signalled euro-area economy grew in July at its...
View ArticleClik here to view.
"Apprehension": Main Events In Torrid Week Include Fed, GDP, Earnings And...
"Apprehension" - that's how Citi describes trader sentiment as a new week begins, in which the bank points to various event risks over the coming five days. The one markets are focusing on over say,...
View Article