We now have a clear picture of what's happening in Iowa. It's a now three-way tie.
The BLS reported hourly earnings for production workers rose in Dec. Discounting huge negative revisions, wages fell.
After a manufacturing surge in November due to the end of the GM strike, the manufacturing sector shrank by 12,000.
On January 6, Judge Judy endorsed Michael Bloomberg. Does it matter?
Yesterday, Borden filed for bankruptcy. Dean Foods filed in November.
Trump fired up a Tweetstorm of activity with a pair of unrelated Tweets today.
Companies are raising cash while they can. It's easy enough to do even for bottom tier junk.
At least 15 million acres of Australia have been devastated by wildfires. Climate change activists are up in arms.
The list of warmongering excuses is nearly endless. Here's 10 of them.
The FAA found a new wiring issue. More delays coming and suppliers are hurting. Airbus has benefited. Can't have that.
Both Iran and Trump backed down from what could have led to a disastrous war. But Trump lost the exchange,
Iran stuck back at the US for Trump's assassination of Iran's military leader on a peace mission in Iraq.
A Fed study shows foreign banks can more easily take advantage of Interest on Excess Reserves (IOER) than US banks.
What would happen to the price of Bitcoin if the US did not allow merchants and banks to make Bitcoin transactions?
Over the past year, 4 housing indicators have moved in ways consistent with patterns seen in 3 previous recessions.
The ISM reports the Non-Manufacturing Index rose for the 119th month in December but 6 sectors are contracting.
New Yorkers are fleeing the state in droves due to high taxes. The result is an overabundance of homes few can afford.
The debate is on. Did Trump assassinate Qasem Soleimani, Iran's military leader?
TDS stands for Trump Derangement Syndrome. Actually, there are two forms.
Former Fed Chair Ben Bernanke is back in action doing what he does best, making a fool out of himself.
Today Trump repeated threats made yesterday to target Iranian culturatural sites if provoked.
With Mideast tensions high and rising, gold just popped another 26 bucks.
In response to a Trump-made mess in the Mideast, the Iraqi parliament told the US to remove its troops.
What are the odds of Bloomberg, Biden, Sanders, or Warren becoming president?
Today I learned there is an embarrassing situation in the NFL. Let's investigate further.
With echoes of Iraq, media are once again cheering an attack against a Middle Eastern country without evidence.
Leading indicators at the state level project nine states will contract within the next six months.
The US manufacturing slump continues unabated. Unlike the dip in 2015, this isn't energy related.
The economics profession supposedly has a diversity problem. I have a few questions.
In a dangerous escalation of Mideast tensions, Trump fired missiles at Iraq, killing Iranian and Iraqi military leaders.
According to new IRS documents for 2017 and 2018, people are fleeing Illinois in record numbers.
Bitcoin is a free market construct. But it is primarily based on faith.
Gold broke out of a six year consolidation. Things look up in 2020.
Consumer confidence unexpectedly dropped in December, but from elevated levels.
In contrast to Hussman, Jim Bianco, at Bianco Research says the Fed's repo actions are QE.
A debate over a sudden dramatic surge in Repos is raging. Is it or isn't it QE4?
Trump will go down in flames in 2020. Let's discuss why, along with my one caveat.
A reader asks if there was collusion between French President Emmanuel Macron and UK Prime Minister Boris Johnson.
The EU is playing a dangerous and disingenuous game with the UK.
Companies with tangible net value of less than zero have increasingly outperformed the market for decades.
Elizabeth Warren wants to steer the US to the Left, radical Left.
Here's a collection of Tweets from the past couple days regarding greed, valuations, and fear.
Millions of Americans pay more to Uncle Sam than they would if some key tax numbers were indexed for inflation.
After years of malinvestment, the bills are now coming due in China.
Trump tried to stop a natural gas pipeline between Russia and the EU. His sanctions were a colossal failure.
What if anything does does the futures position of commercial hedgers say about the price of gold?
France, already in the midst of a 4-week transportation strike has a new activist complaint against Sunday shopping.
From 1970 to present let's investigate how gold reacted to various interest rate environments.
An Illinois pension plan just pulled a billion dollars from an underperforming value fund to seek better returns.
California gives a green light to companies testing driverless delivery vehicles, including pizza.
China is fighting "abnormal" cash flows. It's not surprising in the least.
Trump passed a budget that will increase the deficit to a trillion dollars. His supporters cheer.
Economists expected a 1.5% rise in durable goods orders. Instead they fell 2.0% on top of a negative revision.
New home sales rose 1.3% in November but only because of huge downward revisions.
Gold is not as correlated to the US dollar as most think.
A Stanford University professor says the world can go totally green by spending $73 trillion.
Parents, beware the Alexa trap.
Once a year, Collum writes a detailed "year in review" synopsis full of keen perspective and wit. He's back at it.
The GDPNow and Nowcast GDP forecasts for the first quarter of 2020 converged quite a bit today.
This week, Boeing announced it would suspend production of the 737 Max in January. The timing and details are unusual.
The BEA tells us today that Corporate Profits are down 1.1% from a year ago. Profits are below a level reached in 2012.
I missed the first half of the December Democratic debate. It was the second half that provided the entertainment.
An interesting discussion took place on Twitter today regarding the stock market.
The House voted to Impeach Trump. It's only third time in history a president has been impeached. What's Next?
Existing home sales fell for the second time in three months. October had a huge gain but it was wiped out.
Bill de Blasio, the Mayor of New York, has an idea. It cannot possibly work.
Political infighting has taken hold of the Labour party following the historic defeat on December 12.
In November, shipment volumes fell 3.3% They are are negative year-over-year for 12 consecutive months.
On Sep 19, 1992 Margaret Thatcher gave a visionary speech at the World Economic Development Conference regarding the EU.
Since 2015, gold has been correlated to the US dollar. What's next?
Millennials have had a big change this decade on home ownership rates. Let's investigate why, in pictures.
With GM back in swing, Industrial production rose 1.1% after two dismal months.
Boeing has over-promised and under-delivered on getting the 737 Max back in service. In Jan, it will suspend production.
For the first time in a long time, gold and silver miners are outperforming the metal, generally a good signal for both.
Round one of the US-China trade deal is allegedly "absolutely done". Let's investigate that and other claims.
One of the most disgusting stories of the year pertains to outgoing Kentucky GOP governor Matt Bevin. Astounding Details
The Democrats have made the weakest case for impeachment since Andrew Johnson in 1868.
A self- driving truck drove 2,800 miles cross country, during Thanksgiving week, to deliver 40,000 pounds of butter.
With a majority of 80, Johnson can go for a hard deal or a soft deal. Either way, the EU has to agree. Will it be easy?
At long last we have a deal. And it's an amazing one. For everybody. What's in the deal, however, is a mystery.
It's time for US democrats to reflect on the message UK voters gave Labour yesterday.
The BLS reports once again that inflation is tame. Reality depends on your needs.
Retail sales numbers from the Commerce Department were much weaker than economists expected.
The Fed released its "Z1" report today on Household Net Worth and Domestic Nonfinancial Debt. Let's dive into debt.
Jeremy Corbyn led Labour to a crushing defeat. He blames everyone but himself.
The election is over. It's a Tory blowout win for Boris Johnson.
The Fed released its "Z1" report today on Household Net Worth and Domestic Nonfinancial Debt. Let's dive in on wealth.
Thinking of donating money to the Vatican to feed the poor? You may wish to reconsider.
Still more polls are in. The Tory lead ranges from 5% to 11%.
For second time in a year, I received fast, excellent phone service, regarding a product I own.
The Fed held rates steady today citing low inflation. Members expect a long pause.
Howe Street interviewed Marc Faber this week. It's well worth a listen.
Here's my fearless UK election forecast: Tory Majority 40. Details below.
YouGov's much awaited final prediction is out: A conservative majority of 28.
Democrats agree to pass USMCA, Trump's NAFTA replacement.
Labor costs and productivity were both weaker than expected.
Support for impeachment, regardless of political affiliation, peaked in October.
Every month the New York Fed does a survey of household expectations. Let's take a look at the findings.
Colleges are jumping on the adversity bandwagon. But what scores are equivalent?
Trump has decided to enforce food stamp rules, everywhere, not Just Illinois. But Illinois provides the lesson.
An average of the last six polls suggests a Tory majority of 46 according to Electoral Calculus.
A massive strike is underway in France where disruptions are a way of life.
Hiring bounced back in November. More are hopping on the "No Recession" Train. I'm not one of them.
The maximum flush went from 3.5 gallons to 1.6 gallons and in California to 1.28 gallons. Trump is complaining.
The Atlanta Fed GDPNow and the New York Fed Nowcast GDP models once again are wildly different.
President Trump quickly hopped on the GM strike-end surge in jobs. Let's have a look.
Jobs rose far more than expected in a rebound from GM strike end and seasonal adjustment factors.
The latest ComRes polling data suggests a Tory majority of 48 in the UK election a week from now.
Hundreds of thousands of lawyers, teachers, students and air-traffic controllers protest Macron's pension reform
Radical progressives are up in arms. Ironically, if Trump wins again, they will be the reason.
In a six-minute video statement, Pelosi announces articles of impeachment.
A Tweet on hiring trends caught my eye this morning. I added to it.
UK election polls have stabilized. The Tory lead is somewhere between 7% and 15%.
After calling Canadian Prime Minister Justin Trudeau “two faced”, Trump stormed out of NATO summit.
Trump is hopping mad at France over a digital service tax. How should he respond?
Trump not only failed to improve the US trade deficit in goods, but the service surplus is also shrinking on his watch.
Johnson poll better than Corbyn for leadership, likability, Brexit, and yes, even NHS.
Trump now says a trade deal with China might wait until after the election.
The Oct construction spending report was much weaker than expected. That's on top of huge negative revisions for Sept.
Trump is on a Tariff stampede again. He went after Brazil and Argentina today and now has his eyes on the EU.
YouGov projects a Conservative majority of 68, Electoral Calculus 34, and a model of ComRes data yields 48.
ISM fired another recession warning today as the manufacturing contraction extends another month.
President Trump lashed out at Brazil and Argentina in a surprise Tweet today restoring metal tariffs.
Germany's Grand Coalition has been on life support for years. Will SPD finally put the coalition out of its misery?
China was once very dependent on US chips for its phones. The latest Chinese phones have no US parts.
A huge surge in voter registrations has some talking about a "YouthQuake".
YouGov's latest poll shows another pickup for Labour with support for Tories unchanged.
A UN study shows the “U.S. has world’s highest rate of children in detention". That was under the Obama administration.
UK Polls are tightening. Labour picked up support at expense of Liberal Democrats and undecided voters.
Protesters across Europe are upset with Amazon over wages, robots, and the environmental impact of 1-day delivery.
The Bank of Japan is looking at further easing as retail sales plunge.
The origins of Thanksgiving are likely far different that you have been led to believe.
An unknown person or hedge fund bought 5,000 options on gold hitting $4,000 an ounce by June 2021.
Trump signed legislation today threatening Hong Kong with sanctions for human rights abuses. China promises retaliation.
The Atlanta Fed GDPNow Model forecast for 4th-Quarter GDP jumped strongly today on economic reports since November 19.
President Trump is accused of having two sets of books, one set for loan officers, the other for tax reporting purposes.
Durable goods orders jumped 0.6% in October thanks to a surge in defense spending.
I am in awe at how little extra yield investors are willing to take for junk bonds vs AAA-rated Bonds.
The Wall Street Journal proposes "Reluctance to Switch Jobs" explains wages. But the Atlanta Fed Macroblog says, nope.
In a round one victory for Trump, the US Supreme Court suspended a House subpoena regarding Trump’s finances.
Sales jumped to the highest level since October 2007.
Recent polls show a big uptrend in Tory support in greater London, a traditional Labour stronghold.