Kurt Kallaus's picture

Trump tweets of taxes at the southern border and the Peso plunges. Mexico has abundant petroleum, cheap labor and a preeminent location for global companies to reach the largest consumption market in the world.

Michael Shedlock's picture

It’s been such a hoot reading comments from people telling me that self-driving vehicles are decades away if ever. The nay-sayers have been proven laughably wrong given Google’s New Self-Driving Minivans Will Hit the Road...

Michael Pettis's picture

In an article in Wednesday’s Financial Times, Gabriel Wildau, Yuan Yang, and Tom Mitchell set out a range of economic outcomes for China. They propose three scenarios that they think—and I agree—are the most plausible ones.

Robert Rapier's picture

When I hear a claim that doesn’t sound quite right to me, I usually check in at Snopes to get the facts. They usually do a good job of debunking fake news, and they provide lots of references to back them up.

Michael Shedlock's picture

Gallup has an interesting poll out today concerning top fears of US citizens. Despite the election of Donald Trump, Americans Still See Big Government as Top Threat.

Adrian Ash's picture

Gold prices fixed at Friday's benchmark auction in London with a gain of 1.4% for the first week of 2017, retreating from yesterday's 1-month highs as the US Dollar rallied following mixed US jobs data.

Tom McClellan's picture

I got to wondering about all of the NYSE traders on CNBC sporting their “Dow 20,000” hats. Hitting that level seems elusive, but they keep them at the ready. Interestingly, if they would do just a tiny bit of embroidery modification...

Urban Carmel's picture

The macro data from the past month continues to mostly point to positive growth. On balance, the evidence suggests the imminent onset of a recession is unlikely. That said, there are some signs of weakness creeping into the data.

Kurt Kallaus's picture

The past 8 years have witnessed one of the worst trends in labor productivity of the past century. Human productivity inexorably rises over time as we learn from our losses and invest with innovative management and capital investments to...

Ben Hunt PhD's picture

On December 30, the Washington Post published a story claiming that Russian hackers had “penetrated the US electric grid” through an “attack” on Burlington Electric, a Vermont utility. In a statement that night Vermont Gov...