Jeffrey D Saut's picture

“It’s like Déjà vu all over again.” —Yogi Berra. I loved Yogi Berra! First as a baseball player, who in his 19-season career played in 18 All-Star games and on 10 World Series Championship teams, and then as a manager and coach. He always had...

Michael Shedlock's picture

Every time I do a post on self-driving vehicles, someone chimes it “it will not happen for decades” if ever. My timeline, for the US, remains 2022-2024 and I may very well be not optimistic enough. One 100% guaranteed the measure of...

Patrick O'Hare's picture

Something stood out in the economic data this past week and we're not talking about the standout employment report for July. We'll get to that in a bit. The thing that stood out to us was found in the Personal Income and Spending report for June.

Stratfor's picture

More than six weeks have passed since voters in the United Kingdom authorized the country's exit from the European Union, enough time for some of the referendum's economic effects to manifest. In the aftermath of the Brexit vote...

Patrick Schotanus's picture

Stagflation combines the worst extremes of a deflationary bust with an inflationary boom. Parts of the global economy risk entering a phase of stagflation - and Brexit could make the UK an early victim. Metaphorically speaking...

Kurt Kallaus's picture

Sentiment, as represented by historical oil contracts held by institutional traders, imply that prices were relatively overbought in May/June, just as they were in the same period of 2015. Assuming oil speculators adjust their positions close to oversold levels...

Doug Short's picture

This morning's employment report for July showed a 255K increase in total nonfarm payrolls along with an 18K upward revision for June and a 13K upward revision for May. The Investing.com consensus was for 180K.

Charles Bolin's picture

The Investment Climate has taken a breather from its decline but is not positive for stocks at this time. I suspect that it will continue its descent before the end of the year. Ben Inker wrote in the GMO Quarterly Letter, “There is no panacea for the low returns...

Michael Shedlock's picture

On July 13, the Fresno Bee reported California’s big pension fund sees flat earnings for a second year. CalPERS still maintains that its long-term track record of 7.5% returns is intact. Is it? Reader W.C Varones sorts it out in his article...

Adrian Ash's picture

Gold prices jumped and world stock markets rose with all major government bonds on Thursday after the Bank of England made its first change to UK interest rates in over 7 years by cutting to a new all-time low of 0.25%...

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