By Michael Shedlock – Amazon bought Whole Foods today. Widespread carnage in the grocery stock prices followed. Jim Cramer called it a major deflationary disruption saying stores cannot compete. “What Amazon did to the mall, it will now...
By Michael Shedlock – The state of Illinois has not passed a budget for close to three years. Arguably it’s just as well because Illinois budgets for decades have been nothing but a moth-eaten collection of lies, one time deficits repeated endlessly...
The New York Times reports Ford dumped CEO Mark Fields for Jim Hackett, the head of Ford mobility and driverless vehicles. Fields was not moving fast enough on autonomous vehicles and electric power.
The amount of nonsense written about Trump’s firing of FBI director James Comey is staggering. Democrats allege the firing is proof that Trump is hiding something. So here we go again with absurd allegations and innuendo that Trump...
Every time I do a post on self-driving vehicles, readers respond that it cannot happen and won’t happen for a decade, if ever. It’s time for a reality check. A quick check of my calendar shows we are not quite halfway through 2017.
Now that Obamacare is dead and buried, at least for the near future, all eyes are on tax reform. Can House Speaker Paul Ryan herd enough House cats in a tax bill that’s also acceptable to the Senate?
In 2016, non-euro investors dumped euro-denominated bonds for the first time in history. Moreover, euro-area investors barely made purchases according to the ECB’s analysis of euro area net portfolio investment outflows.
A platoon of driverless trucks equipped with Cooperative Adaptive Cruise Control (CACC) appeared on the 110 freeway in San Pedro. The system controls speed, braking, and spacing of the convoy. The goal is to increase safety...
The IMF’s Global House Price Index, an average of real house prices across 57 monitored countries, continues to climb. The index shows sixteenth consecutive quarters of positive year-on-year growth. However, house prices...
Marine le Pen put in a stellar performance on 60 Minutes on Sunday. Le pen came across as very presidential. The interview, in French but translated, is sure to boost her standing in the French presidential election on May 7.
Bitcoin hit an all-time high of $1,172.09. Traders are happy because the SEC is expected to rule on a Bitcoin ETF by March 11. Meanwhile, Bloomberg reports China Is Developing its Own Digital Currency.
Trump blames Mexico, China, and even Germany for taking US jobs and for US trade imbalances. His message resonated with voters. People can believe whatever “fake news” they want, but Trump’s theory on manufacturing jobs falls...
Professor Ted Malloch, Trump’s expected ambassador to the EU says “The one thing I would so in 2017 is short the euro.” I am not certain there will be a European Union in which to have negotiations… The one thing I would...
Some interesting charts came my way today regarding the income inequality debate. Let’s start with some charts, then explore the meme of the day that rising income inequality is behind “secular stagnation”. I challenge economists Brad...
A pair of articles by the Financial Times offers quite the take on disinformation hypocrisy. I suggest the Financial Times look into the mirror if it wants to understand where the problem is. Worse yet, to stop the spread of fake news...
It’s been such a hoot reading comments from people telling me that self-driving vehicles are decades away if ever. The nay-sayers have been proven laughably wrong given Google’s New Self-Driving Minivans Will Hit the Road...
Gallup has an interesting poll out today concerning top fears of US citizens. Despite the election of Donald Trump, Americans Still See Big Government as Top Threat.
Manufacturing jobs have already been decimated by robots. White collar workers are next in line. Fukoku Mutual Life Insurance in Japan is about to replace claim adjusters with a software robot from IBM.
The Pending Home Sales Index declined 2.5% in November. Economists, who are generally surprised by everything, were caught off guard once again. Despite the fact that mortgage rates have been climbing for months, the economists...
