The race for automated trucking heats up as Silicon Valley seeks to transform the trucking industry and, in the process, the U.S. economy
Following September's unprecedented storm-related surge in retail sales (which was revised even higher), October was a fall back to reality with a 0.2% MoM rise (better than expected 0.0% though), pushing the YoY growth back down to 4.6%.
Following yesterday's hotter than expected PPI, Core Consumer Prices printed above expectations (+1.8% YoY vs +1.7% YoY exp) - the fastest rise since April 2017.
The US Treasury 10Y-2Y curve slope declined to the lowest level since early November 2007. One good reason is the Core PPI YoY is surging! Inflation is born to run ... if The Fed starts shedding its Excess Reserves.
Cracks in high-yield credit may have only started to emerge, but equity investors have been signaling growing preference for stronger balance sheets throughout the year, amid tightening monetary policies and booming debt issuance.
Turbulence in market internals, in the face of record market highs, is often a symptom of increasing risk-aversion and skittishness among investors.
‘We the People’ Are the New Permanent Underclass in America. We’re living a financial nightmare. We have no real say in how the government runs, or how our taxpayer funds are used, but that doesn’t prevent the government from fleecing us at every turn and forcing us to pay for endless wars ...
To do so, they’ll give 14% of middle-class families earning between $50,000 & $200,000 a tax hike next year.
Read this from House Bill & S Corps for the fine print that says you might not.
House leaders cleared the way for a Thursday vote on their tax-overhaul bill, would make many individual breaks temporary & repeal a key part of the Obamacare law.
Slide in oil prices, jitters over prospect of U.S. tax plan help put U.S. stocks on course for more losses Dow futures tumbled more than 100 points on Wednesday, as falling oil prices and worries over the progress of a U.S. tax overhaul left investors increasingly averse to putting more money into perceived riskier assets such as equities, which have been on a record run.
World stocks were set for theirlongest losing streak in more than six months on Wednesday asweaker commodities weighed, while the euro hit its highestlevels in three weeks.
SD Midweek: The question is, did the cartel just deliver the knock-out blow today, or will gold & silver get back up yet again? Here's an update...
I vividly remember the first gold coin I ever bought.A one-ounce American gold Eagle. When I first opened the package, I was instantly struck by its beauty, shine, and refinement. And I loved the weight of it in my hand. I must’ve looked at it a hundred times over the next several days.What I did next, though, is telling: I stuck it in a safe. And there it sat, in the dark and out of sight.
Harvey also says a huge number of COMEX contracts are being transferred to London. Here's the latest...
There's only a couple of reasons for the big increase in gold swap and gold derivatives at the BIS. Here's what those reasons could be...
A coin hoard of Ancient Roman silver coins, which has been discovered by accident in the roots of a large tree in the town of Mezdra in Northwest Bulgaria, according to archaeologists, confirms the previously hypothesized existence of a Roman...
A crash is a crash, both of them though of widely varying magnitudes provoking the same human instincts (caution, mistrust, liquidity preferences) all aided by the same mistakes
The bottom half of adults in the world collectively own less than the richest one percent, according to a Credit Suisse report.
Social mobility has declined, wages have stagnated & today's young are expected to be poorer than their parents.