Chris Puplava's picture

A recent Zerohedge article is making the rounds showing the US is in recession according to 7 charts. I offer my own 7 charts showing that the US is NOT in recession with a little background on how Zerohedge likes to cherry-pick data to fit their often sensational...

Tom McClellan's picture

The unemployment rate has not finished falling. That is the message from the data provided by the University of Michigan’s Survey of Consumers. In this week’s chart, I am comparing an inverted plot of the US civilian...

Marc Chandler's picture

The combination of the disappointing US retail sales and small inventory build has encouraged a new bout of dollar selling. The world's biggest economy may have contracted close to 1% in Q1 and Q2 is off to a weak start.

Andrew Zatlin's picture

94% of homes received multiple offers in March, up from 88% last year (source: Redfin). Compare that to the national averages of 61%, down from 64% last year. 34% of homes go above asking price.

Urban Carmel's picture

Retail sales bears are at risk of making the same mistake that railroad volume bulls made in 2014. In 2014, the bullish view was that railroad volume was surging. This supported bulls' views that overall economic activity...

Chris Puplava's picture

Market participants are now making adjustments to their inflationary outlook, especially with the biggest global reflationary effort by central banks we've seen since 2008/2009 underway. Nearly every major developed nation is seeing a rising trend in inflation...

Doug Short's picture

The Advance Retail Sales Report released this morning shows that sales in April came in flat month-over-month, a situation that was enabled by an upward March revision from 0.9% to 1.1%. Core Retail Sales (ex Autos) came...

Michael Shedlock's picture

The shockingly bad fiscal health of Chicago just got a lot worse. Not only were Chicago Teachers "Insulted by a 7% Pay Cut Offer", the Illinois Supreme Court ruled Illinois' 2013 pension reform is unconstitutional.

Matthew Kerkhoff's picture

Investors are second-guessing themselves today after Friday’s surge took major indexes close to their record highs. The push higher last week came on the heels of the monthly jobs report, so let’s take quick look at...

Kurt Kallaus's picture

During the 6 year recovery from the Great Recession of 2008/2009 US stocks have tripled during an abnormally slow US and Global economic recovery. US GDP during the recovery phases in the 1980’s and 1990’s averaged over...

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