Marc Chandler's picture

The substance of what ECB President Draghi said contained few surprises. The tone was cautiously optimistic that the worst is past for EMU. There were minor tweaks in the economic forecasts. The growth estimate for...

Charles Hugh Smith's picture

US healthcare is unsustainable. That it will break in the next decade is predictable. That good health is insanely unprofitable was highlighted by a staggering statistic in the recent research paper The Concentration of Health...

Jeffrey D Saut's picture

I always look forward to reading Frederick “Shad” Rowe’s monthly investment letter to his partners. Shad founded Greenbrier Partners, Ltd. In 1985 and has captained the investment fund ever since. He is known as one of...

Matthew Kerkhoff's picture

It’s not a death sentence for the market, but the action in the Transports is becoming more and more ominous. In the chart below we can see two recent developments, both of them bearish. This leading index has now fallen...

Michael Shedlock's picture

In the strive for zero labor factories we are nearly there. Is 90% good enough? China Daily reports Manufacturing Hub Starts Work on First Zero-Labor Factory. There is no shortage of labor. There is no shortage of skills either.

Urban Carmel's picture

In September 2014, the cumulative advance-decline (A/D) line for the S&P hit a new high. A month later, the stock index was down 10%. Twice in December 2014 and again in February 2015, the cumulative A/D line...

Sheraz Mian's picture

Chinese stocks have been red hot lately, but they fell sharply on Thursday, with the Shanghai composite down -6.5% in Thursday’s session. There is no one factor that drove the sell-off, though a number of small factors...

Charles Hugh Smith's picture

As it stands now, US healthcare will bankrupt the nation and doom it to permanent stagnation and recession. That healthcare alone is dooming the U.S. economy is not news to Of Two Minds readers, as I have been...

Andrew Zatlin's picture

The great minds in economics can’t seem to agree whether the labor market is showing signs of tightness, or if it’s easing up. If labor is tight and tightening, why aren't wages rising? Why isn't inflation rising more than 2%?

Keith Weiner's picture

"The top 25 hedge fund managers made more than all the kindergarten teachers in the country," declared President Obama in a discussion of poverty at Georgetown University. Calling them “society’s lottery winners...

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