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Peter Schiff today: This morning has seen a trifecta of weak economic data. Aug. PMI & ISM manufacturing both came out even weaker than expected, while July construction spending unexpectedly fell. It’s becoming clear the #economy is entering a #recession...
Including monthly GDP out today from S&P Global Market Insights, and preliminary benchmark NFP: Figure 1: Nonfarm Payroll (NFP) employment from CES (bold blue), implied NFP from preliminary benchmark (bold blue), civilian employment (orange), industrial production (red), personal income excluding current...
When a purported data analyst says something strange, who you gonna call? General St. Louis Fed FRED economic database Thousands of time series on economic activity, in an easily downloadable form. Contains some key series from BEA, BLS, Census, IMF, OECD, etc....
By Lambert Strether of Corrente I hope everyone had an excellent Labor Day weekend! Bird Song of the Day Let us continue on with our catbirds! Gray Catbird, Bristol, Massachusetts, United States. The mimics always sound like they’re having fun,...
Yves here. I hope you have had your coffee before you read this piece, which is awfully thin on actual information about the super-rich. But this is no surprise when you read the conflict statement included at the end. There...
Those who’ve followed the site for some time may remember a popular 2013 post, The Skunk Party Manifesto, which we reproduce below. Some readers as the time argued that it could form the basis for a new political party. We...
New Zealand to nearly triple tax on international tourists Aljazeera #COVID-19 Covid levels right now: pic.twitter.com/8jYtjUyTAJ — Pat Just Pat 🍉 (@PatTheSocialist) September 2, 2024 Beyond Paxlovid: The Urgent Need for Better Meds Jessica Wildfire (fk) If you get challenges...
“China firmly supports the just position of Latin American countries on opposing foreign interference and safeguarding their nations’ sovereignty.” On August 26, Beijing blasted US-led meddling in Venezuela’s internal affairs, including by spreading misinformation about the recent elections. Three days...
Yves here. It can’t be said often enough that the much-ballyhooed coming Social Security funding shortfall could easily be remedied and even allow for benefits improvements. But as early as the Clinton Administration, both parties have been scheming how to...
