John Rubino's picture

This story isn’t actually about Greece, but it begins there. After the country went functionally bankrupt a few years ago, the solutions proposed by its creditors (mostly European banks and governments) included the impoverishment of...

Doug Short's picture

Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about...

Urban Carmel's picture

First quarter GDP growth was stronger than originally estimated. When adjusted for seasonality, the economy grew 1.8%, which is consistent with the average growth rate over the past three years. It is also consistent with...

John Mauldin's picture

The consensus I’m hearing and reading from the 500+ attendees at the recent Strategic Investment Conference is that this was the best ever. It was certainly intense, with more divergent views presented this year...

Doug Short's picture

The Latest Conference Board Leading Economic Index (LEI) for April is now available. The index rose 0.7 percent, which follows a 0.4 percent March increase (an upward revision from 0.2 percent). The latest number came in...

Michael Shedlock's picture

Want Lobster bisque? Moley, the robot master chef can cook that up for you in about 30 minutes. If you want new recipes, just team up Morley with IBM's Watson, the computer that trounced everyone at the game of Jeopardy.

Urban Carmel's picture

Last week, the number of investment advisors who are bullish US equities dropped below 50%. For many, this was seen as sign of bearishness. Indeed, relative to the past 16 months, investment advisors were relatively bearish...

Doug Short's picture

Yesterday we reported separately on the latest residential building permits and housing starts in the government's report for April data, courtesy of the Census Bureau and the Department of Housing and Urban Development.

Sheraz Mian's picture

It’s been a long time since Japan’s economy has produced the type of growth it did in 2015 Q1, with GDP growth coming in at a better than expected +2.4% vs. an upwardly revised growth pace of +1.1% in...

Marc Chandler's picture

The 57 founding members of the China-sponsored Asian Investment Bank are meeting in Singapore. Many countries rushed to join the new development bank before the March 31 deadline even though key rules had not been decided.

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