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...

Ned W Schmidt CFA's picture

The inevitable just seems to keep coming around. That over time food would become scarcer in our world has been well known for decades. Simply put, global demand for food continues to expand. The inevitable scarcity of food for the world is...

Ben Hunt PhD's picture

A policy-controlled market, whether it’s today’s investment environment or the 1930s or the 1870s, places enormous pressure on investors—for yield and consistent return, to be sure, but even more so for a resurrection

Charles Hugh Smith's picture

Bernanke blew it big-time, letting the "recovery" run seven years without any significant increase in rates. It is now painfully obvious that Ben Bernanke blew it big-time by not raising rates three years ago when the economy and...

Matthew Kerkhoff's picture

In recent weeks, various Fed officials have been jawboning for higher rates, which has created volatility and riled up investors around the globe. But the latest data suggests that this “data dependent” Fed may not have...

Christopher Quigley's picture

In 17 days time, on the 23rd of June, Britain goes to the polls to decide whether to stay in the European Union or not. Should Great Britain opt to leave it will send financial and political shock waves around the world. Many believe a win for the leave faction would put Europe’s...

Kurt Kallaus's picture

The 2 major questions generating volatile price speculation are: (1) When Will The Fed Hike Rates? A Fed rate hike had been given only a 29% odds of occurring last week, despite a very clear messaging campaign by multiple Fed...

Michael Shedlock's picture

Today’s employment report shows an increase of 38,000 jobs, well under the Bloomberg Econoday consensus estimate of 158,000 jobs and below the entire consensus range of 110,000 to 219,000.

Andrew Zatlin's picture

Semiconductors are uniquely positioned as leading macroeconomic indicators. First, they are the most universally common denominator when it comes to products and services: if it doesn’t have a semiconductor chip in it...

Charles Hugh Smith's picture

Flexible labor is the future for the basic reason that it is the only viable model going forward. If we can't go forward, then let's go back: this is the guiding philosophy of the labor movement that seeks security via strict work rules.

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