Michael Shedlock's picture

The Dallas Police and Fire Pension plan is severely underfunded. Not even a $1.1 billion taxpayer bailout the plan officials request will make the plan whole. Discussion of a possible freeze in lump sum payments led to a run on withdrawals.

Matthew Kerkhoff's picture

The monthly nonfarm payrolls report (aka. the “jobs report”) is one of the most important economic reports investors follow each month. Seen as both an important gauge of the economy’s momentum, and a major driver of Fed policy...

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.

Marc Chandler's picture

After softening ahead of the weekend, the US dollar has begun the new week on a firm note. It is gaining against most major and emerging market currencies. Outside of what appears to be a staged call between US President Elect Trump...

Andrew Zatlin's picture

The nomination of Donald Trump triggered a major see-saw reaction in the stock market. The S&P 500 immediately capsized 4% before recovering and surging 3%. A similar swing in the market was triggered by Brexit for the same...

Michael Shedlock's picture

Lakshman Achuthan and the ECRI posted some interesting charts about the uneven jobs recovery since 2007. Minorities fared far better at job gains on a percentage basis than whites. The ECRI’s charts provide yet another look at...

Clif Droke's picture

In many ways, 2016 has been a banner year for US real estate. Housing prices continued to strengthen in several major metropolitan markets and even reached frothy proportions in at least three major markets.

Adrian Ash's picture

Gold bullion again gave back a $10 overnight pop on Wednesday in London, falling back to last week's finishing level at $1183 per ounce for the third session running as world stock markets rose and oil prices jumped on rumors of...

Charles Bolin's picture

My views of President-elect Trump's incomplete economic plan is more favorable since reading about the issues in more detail. I hope that the final plan worked out with Congress and the Senate does achieve the desired goal of stimulating the economy. Monetary policy...

Michael Shedlock's picture

Self-driving truck maker Otto will conduct tests in Ohio this week, on Ohio route 33 and the Ohio turnpike. Next year, the route 33 corridor is scheduled for fiber-optic cable network and sensor systems to aid autonomous driving.