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Commerce Secretary Ross said at the time “there is evidence suggesting that, for decades, imports from abroad have eroded our domestic auto industry.”
Despite Having 94% Fewer People, German Exports Worth as Much as China’sMay 31, 2018 - 08:34:39 PDT
Germans are positively obsessed with saving. They have a staggering €5.6T socked away, and hardly any of it is at risk, despite earning nothing in savings accounts; a mere fraction, €373B, is invested in stocks.
Lira PLUMMETS threatening Euro crisis. E banks fear the dramatic crash of the Turkish lira could spark a crisis reminiscent of the one that hit Wall Street financial institutions 20 years ago.
As Sears Closes Another 72 Stores. The inflation numbers are out for April and the numbers show that the Core Personal Consumption Expenditure Deflator remained the same as March at 2.0% YoY. Although increasing, "inflation" remains tepid since The Great Recession ended
Will human traders have enough capital or temerity to step back into a market that resembles a black hole for capital?
Higher Rates Spark New, Existing, & Pending Home Sales Slump
After tumbling through March and stabilizing in April, Chicago PMI rebounded in May printing a better-than-expected 62.7, despite the ongoing slump in 'hard' actual economic data.
The housing market is one of many asset classes that have been inflated by the Fed and risen to irrational levels in the Everything Bubble.
President Trump is expected to impose steel and aluminum tariffs on Canada, Mexico and the European Union on Thursday, a senior administration official confirmed to CNN.
After Fed "Secretly" Put US Operations On "Troubled" Watchlist
When a recession hits, pensions "will be on the chopping block."
Even if the central bank wants to reverse the sell-off of Italian bonds, its hands are tied
Does the Fed publish intentionally misleading propaganda designed to get you to believe the economy is stronger than it really is?
Americans Spend More Than They Make For 28th Month In A Row, YoY growth in spending outpaced incomes, sending the savings rate back down to just 2.8% - close to record lows.
Since 1980, the secular, increasingly overleveraged economy has dictated that the markets are pitched into crisis whenever the Fed tightens to an ever-lower threshold of rates.
Key Highlights From Mary Meeker's Internet Report
Only the currencies of Argentina, Brazil, Russia & Turkey have done worse than the rupee since the beginning of 2018
Boost came from energy costs after rise in oil prices
Spain is the next country set to test the resilience of southern Europe, after recent political convulsions in Italy battered global financial markets.
Italian bonds climbed for a second day as the political turmoil that has rattled markets in recent days eased.