Michael Shedlock's picture

Dave Stockman, Ronald Reagan’s former budget director told Fox News the “Media Destroyed Trump” and “This Election is Over” Is that the case?

Matthew Kerkhoff's picture

Over the last decade, “Don’t fight the Fed” has become an increasingly important mantra and a very profitable one. After raising rates 17 times between 2004 - 2006, the Fed entered easing mode and has remained there ever since.

Marc Chandler's picture

There are two main interpretative frameworks that seek to explain slow growth and low interest rates. The first is associated with Rogoff and Rinehart. They argue that the recent economic performance is largely what should be expected...

Charles Hugh Smith's picture

The only way to govern successfully is to actually solve the underlying systemic problems, but doing that requires overthrowing a corrupt, self-serving elite. Regardless of who wins the presidency, a much larger question looms...

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. Overall, the main positives from the recent data are in employment...

Adrian Ash's picture

Gold priced in US Dollars rose Friday back above its 200-day moving average – a 'key' technical level according to several analysts – after new US jobs data came in weaker than expected. The US jobless rate rose to 5.0% in...

Marc Chandler's picture

The US grew 156k jobs in August, missing the median estimate by about 16k. The July series was revised up by 16k. The unemployment and participation rate ticked up 0.1% to 5.0% and 62.9% respectively.

Chris Puplava's picture

Here is how I view employment: When margins get squeezed and sales slow, one of the first ways businesses respond is by slowing down temp hiring. Then, as trends continue to worsen, businesses start to let go of their temp employees altogether while cutting hours...

Clif Droke's picture

The question confronting investors right now is whether the lateral trading range in the major indices represents consolidation of the long-term uptrend, which precedes an eventual upside breakout from the range?

Michael Shedlock's picture

Vancouver hopes to burst its massive property bubble that was fueled by foreign buying, mostly from China. In July, British Columbia imposed a 15% tax on foreign sales for the Vancouver region, effective August. Tax rates on...

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