Charles Hugh Smith's picture

My contacts in Venezuela tell me that merely posting the black market exchange rate of bolivars to USD can get you arrested. So yes, Venezuela's regime has gone full Orwell-1984: whatever is true is outlawed.

Andrew Zatlin's picture

Foreboding macroeconomic signals keep on popping up, and it would be wise to pay attention. In case you can’t tell, this is exactly like late 2006 with key (worse) differences: The macroeconomy has peaked: Jobless claims are barely below...

Jeffrey D Saut's picture

The year was 1964 when Reprise Records released the song “Baby Don’t Go.” Written by Sonny Bono, and recorded by Sonny & Cher (Cherilyn “Cher” Sarkisian), the song became a smash hit and set the duo’s career in motion.

Matthew Kerkhoff's picture

During times of uncertainty, such as the prelude to the Brexit vote, investors tend to gravitate toward the Japanese yen. This causes the yen to appreciate and has led to the common perception of the yen as a safe-haven currency.

Michael Shedlock's picture

A Bloomberg New Energy Finance (BNEF) report plots out global power markets for the next 25 years. If accurate, solar energy will soon dominate, and electric cars will go mainstream. The forecast states coal and gas are...

Kurt Kallaus's picture

Millennials are not lazy, but actually represent a very innovative and connected cloud-oriented phase of our new world order. According to the data they are needed in our thinly skilled labor pool, but more and more they have...

Tom McClellan's picture

I like to say that there are only 2 fundamental factors which matter for the overall stock market: 1) How much money is there? 2) How much does that money want to be invested? Change either of those, and the market will move up or down.

Michael Shedlock's picture

I received an email from Jon Hartley, Researcher and Policy Analyst for Real Time Macroeconomics on the differences between JOLTS job openings and his research as discussed in BLS Says Jobs Openings Up; Actually, Openings Falling Fast!.

Robert Rapier's picture

Had I realized the Renewables 2016 Global Status Report (GSR) was about to be released by the Renewable Energy Policy Network for the 21st Century (REN21), I would have held off on my previous article The Solar Story Is Just...

Andrew Zatlin's picture

On recent earnings calls, restaurant chains were quick to declare that margins were safe thanks to a deflationary environment. For example, 40% of Denny’s (Nasdaq: DENN) non-labor costs are beef and eggs and the company has...

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