Durable Goods Orders Suffer Yet Another Downward Revision
Durable Goods Orders Suffer Yet Another Downward Revision Following yesterday’s ‘good’ news from PMIs, this morning we get ‘hard’ data confirming that ‘good’ news with preliminary April Durable Goods orders surging 0.7% MoM (vs -0.8% MoM expected). However, as is the way with Bidenomics, March’s +2.6% MoM surge in orders was revised down to a […]
The Risk Of Recession Isn’t Zero
The Risk Of Recession Isn’t Zero Authored by Lance Roberts via RealInvestmentAdvice.com, As we discussed recently, Wall Street economists increasingly believe the risk of recession has fallen sharply. To wit: “Economists don’t think the economy will get even close to a recession. In January, they, on average, forecast sub-1% growth in each of the first three quarters of […]
Futures Rebound After Thursday Rout As Rate Cut Expectations Fade
Futures Rebound After Thursday Rout As Rate Cut Expectations Fade After Thursday’s rout, which saw the overbought S&P first hit an all time high before traders suddenly dumped everything (following hotter than expected PMI and Initial claims reports has further delayed expectations for the Fed’s first rate hike ostensibly to December) to buy Nvidia, whose […]
SpaceX Reportedly Plans “Liquidity Round” For Insiders At $200 Billion Valuation
SpaceX Reportedly Plans “Liquidity Round” For Insiders At $200 Billion Valuation Elon Musk’s SpaceX is reportedly discussing with investors and insiders to sell existing shares, potentially valuing the company at nearly $200 billion. SpaceX leads the world in rocket launches as the space race lifts off, and its Starlink subsidiary dominates the market for space-based […]
Many Americans Say They Will Never Retire
Many Americans Say They Will Never Retire Via AntoniusAquinas.com, A recent AARP poll provides further evidence of the deterioration of American living standards, especially for those approaching retirement age. The study contradicts what most policy makers have believed to be a “soft landing” for the economy after two years of rampant inflation. “More than one […]
Watch: US Deploys Anti-Air Defense System On Gaza Aid Pier
Watch: US Deploys Anti-Air Defense System On Gaza Aid Pier Israeli media has reported that two American soldiers were injured Thursday in an accident which occurred while working on the Gaza humanitarian pier. “Two U.S. soldiers sustained light injuries on Thursday during a work accident near the temporary floating pier in Gaza,” i24 News said. There […]
Loose Talk About The End Of Everything: VDH
Loose Talk About The End Of Everything: VDH Authored by Victor Davis Hanson via American Greatness, After a recent summit between new partners China and Russia, General Secretary Xi Jinping and Russian Federation President Vladimir Putin issued an odd one-sentence communique: “There can be no winners in a nuclear war and it should never be […]
The Start Of De-Dollarization: China’s Move Away From The USD
The Start Of De-Dollarization: China’s Move Away From The USD Since 2010, the majority of China’s cross-border payments, like those of many countries, had been settled in U.S. dollars (USD). As of the first quarter of 2023, that’s no longer the case. As Visual Capitalist’s Julian Wendling shows in the grrahic below, from the Hinrich Foundation, […]
Reality Check Looms For Rosy European Growth Expectations
Reality Check Looms For Rosy European Growth Expectations By Michael Msika, Bloomberg Markets Live reporter and analyst After a massive wave of optimism on European markets, the expected economic improvement that has buoyed stocks now has to be delivered. The uptrend is still intact for the Stoxx 600 but signs of overheating have cooled markets, […]
Ukraine Enforces Desperate Conscription Laws As Russian Troops Close In On Kharkiv
Ukraine Enforces Desperate Conscription Laws As Russian Troops Close In On Kharkiv Ukraine is now enforcing a new mobilization law which is being called ‘divisive’ among many Ukrainian citizens and some political leaders. The law requires men ages 18-60 to carry their military paperwork at all times to be presented to authorities on demand. It […]