Chris Puplava's picture

Philly Fed state coincident data came out today and more states across the country are starting to contract. Looking at the snapshot below, positively growing states still dominate the map (and don't give much of an alarming picture), but a different story emerges...

Clif Droke's picture

We’re about to enter that time when financial commentators offer up their best guesses as to what investors can expect in the Near Year. It always makes for fun reading, but it also never fails to disappoint.

Matthew Kerkhoff's picture

Over the past five quarters, corporate profits have been shrinking, but the stock market remains near all-time highs. This divergence can’t persist forever, and will eventually break one way or the other.

Marc Chandler's picture

There were two dogs that did not bark this year. The Japanese yen, which despite negative interest rates and an unprecedented expansion of the central bank's balance sheet, strengthened 15% against the dollar.

Michael Shedlock's picture

Earlier this month, the German Bundesrat voted to ban new gasoline- or diesel-powered vehicles from EU roads starting in 2030. Days later, the German Transport Minister Calls Internal Combustion Ban “Utter Nonsense”. Let’s take a look at...

Adrian Ash's picture

Gold prices traded in London's wholesale market steadied against the rising US Dollar Friday, heading for a solid weekly gain versus all major currencies as the Chinese Yuan hit fresh 6-year lows on the FX market.

Michael Shedlock's picture

The Tax Foundation has an interesting analysis of Trump’s tax plan compared to Hillary’s. Hillary is negative on GDP, capital investment, wage growth, and jobs. Trump is positive on all four under two different models.

Andrew Zatlin's picture

The global economy has been collapsing for the last 2 years. Demand for “stuff” has shrunk 10% since 2014, down to levels not seen since the recession. Just look at cargo shipments from two of the world’s largest ports.

Charles Hugh Smith's picture

What happens when an electricity-dependent society and economy has an extended loss of electrical grid and communications? One of the hidden realities of modern life is its fragility. For example, few people are aware of the precariousness...

Kurt Kallaus's picture

When US stocks broke to new record highs in July we began to see excessive optimism creeping into the indices. In August and September, we warned that a top was forming and lower prices into October were likely.