Matthew Kerkhoff's picture

Many of us in the US have been swept up by what’s come to be known as the “Trump Rally.” The guise for this massive rise in stock prices over the past few months has been the promise of business-friendly tax reform, deregulation...

Gary Dorsch's picture

This week’s most interesting economic reports were released on Monday, April 3rd, with a look at US auto sales, which offer a measure of the confidence of the middle-class consumer, who is paying $31,000, on average, for a new car or truck. What the latest reports show...

Michael Pettis's picture

Contrary to what one might first expect, Mexico’s role in global trade is actually beneficial to the United States. While restricting Mexican imports will reduce the American deficit with Mexico, it will increase the overall American deficit.

Kurt Kallaus's picture

The primary US stock market yardstick, the SP 500 Index rallied 17% into March 1st from the spike low on election day. In almost 5 months of stellar gains, the market has yet to experience more than a 2% correction on a closing basis and 3%...

Adrian Ash's picture

Gold prices again dipped and rallied back above $1250 per ounce in Asian and early London trade Thursday, unchanged from the end of last week with analysts continuing to point to the metal's 200-day moving average at $1260 as strong resistance to the first quarter's 8.6% gain.

Ben Hunt PhD's picture

In 1872, noted horseracing aficionado and San Francisco rich guy Leland Stanford (yes, of university fame) commissioned noted photographer and San Francisco smart guy Eadweard Muybridge to apply his path breaking technology of stop-action...

Michael Shedlock's picture

Now that Obamacare is dead and buried, at least for the near future, all eyes are on tax reform. Can House Speaker Paul Ryan herd enough House cats in a tax bill that’s also acceptable to the Senate?

Matthew Kerkhoff's picture

Markets are reacting to Friday’s abandonment of the GOP health care plan, and so far the narrative is one of uncertainty regarding the high expectations that have been set over recent months. The new health care bill was seen as the...

Charles Hugh Smith's picture

As with many other complexities, opaque systems in the US, only those toiling in the murky depths of the healthcare system know just how broken the entire system is. Only those dealing daily with the perverse incentives...

Jeffrey D Saut's picture

“Pull” is a term used in shooting sporting clays, which are supposed to represent real birds and sharpen the shooter’s ability to actually hunt live birds. The term is yelled by the shooter to tell the person operating the trap to launch...

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