EU lost 400,000 jobs and €17,6 billion to anti-Russian sanctions in 2015
According to a new report released by the Austrian Institute of Economic Research (WIFO), losses from EU anti-Russian sanctions and Russian counter sanctions have been calculated at 17,6 billion euros...
View ArticleCalifornia Farmers Fret Over Labor Shortages As Trump Vows To Deport Their...
Unbeknownst to most Americans, the Central Valley of California is an agricultural powerhouse producing nearly 50% of all fruits and vegetables grown in the United States, including over 90% of popular...
View ArticlePayrolls Preview: Blame Weakness On Weather, Strength On Trump
With all eyes likely on wage growth indications in the subtext of tomorrow's payrolls report (following The Fed Minutes' comments on full employment), Goldman Sachs is forecasting a...
View Article“Blind Faith” Has Ended: The World Is A Complicated Place (And Getting More So)
"I’ve got news for you," warns Bloomberg's Richard Breslow, the world is a complicated place and getting more so, not less… This is not your happy, some would say mind-numbing, environment where the...
View ArticleTrump’s Favorability Up Bigly Before Inauguration – Increasing Number Of...
Given the left’s predilection for using identity politics to slander opponents and incite hatred, it’s important to try and shed light on who actually thinks what. In the latest People’s Pundit Daily...
View ArticleAs economy strengthens money floods into Russia
Britain’s The Banker magazine has named Russian Central Bank Chair Elvira Nabiullina Europe’s Central Banker of 2016. The award is being linked to the Russian Central Bank’s success in bringing...
View ArticleFed’s Williams: Get Used to Sub 2% GDP Growth, Meaningless Fiscal Stimulus...
In a CNBC interview today with San Fransicko's Fed Williams, we heard several things that have been repeated ad nauseam by the establishment elite. Get used to very weak GDP growth — thanks to lack of...
View ArticleGasBuddy Issues “Sticker Shock” Warning: Motorists Will Spend $52 Billion...
The price of oil has surged, which has pushed the market higher, and generated a healthy wealth effect for those who have equity exposure. And now it's time for the hangover. As GasBuddy warns in its...
View ArticleDid Snapchat Fake Growth Numbers To Boost Its IPO Value? This Ex-Employee...
According to a lawsuit filed in L.A. Superior Court by former employee Anthony Pompliano, Snapchat has been faking its growth numbers in order to boost its value in an upcoming IPO. Pompliano,...
View ArticleIraq Cuts Back Oil Production Under OPEC Deal
nsnbc Iraq, on Thursday began the implementation of cuts in oil production in line with the OPEC agreement reached in December 2016. The agreement to cut back production in December came in response to...
View ArticleVenezuela Begins 95,000 BPD Production Cut Under OPEC Deal
Lucas Koerner (VA) : Venezuela’s state oil company, PDVSA, began on Sunday a 95,000 barrels per day (BPD) reduction in its crude output as part of a production cap agreement brokered by the...
View ArticleWhy The Mexican Currency Intervention Failed: Goldman Explains
Following the MXN rough start of the year, which saw the Mexican currency tumble to its lowest level ever, the central bank stepped into the FX market this morning by selling about $1 billion USD spot,...
View ArticleThe False Economic Recovery Narrative Will Die In 2017
Yes, the narrative of the “new normal” has been around for so long now that many people have simply grown used to it. The assumption is that the fiscal “new normal” has become the fiscal “normal,” and...
View ArticleThe Case Against Fed Reform
This week the 115th Congress was sworn in, and there are some indications that Fed reform may be on the agenda. The combination of populist anger fueled by Ron Paul’s Presidential campaigns and the...
View ArticleWorst. Recovery. Ever.
As the champagne glasses clink in Washington over a record-breaking streak of job growth on record (as the percent of the population employed slumped), and the fastest wage growth since the start of...
View Article“Depressed” Millennials Are Convinced The Trump Economy Is Going To Implode
When asked about the economic outlook for America, millennials were the only generation to predict 2017 would be worse than 2016. As Bloomberg reports, the feeling of impending doom wasn't exclusively...
View ArticleNYC Homelessness Record High Despite Falling Unemployment Rate
Salil Mehta at Statistical Ideas investigates the homeless rate in New York City. Mehta notes the streets are flourishing with a severe homelessness problem that’s escalating briskly despite a falling...
View ArticleJohn Williams on The Federal Government’s Fake Economic News
Statistics issued by the government about the economy—from CPI to GDP—are fake, and Mises.TV guest John Williams of Shadowstats.com explains how and why. The article John Williams on The Federal...
View Article“19,999.63!”
The Washington Post is very disappointed… The Dow tried (and failed) 8 times… So far, Putin has prevented 6 intraday attempts at Dow 20,000 — zerohedge (@zerohedge) January 6, 2017 Here is how...
View ArticleWeekend Reading: The Beginning Of The Ending
A few week’s ago I discussed the post-election surge in the market based on rather optimistic outlooks as opposed to the technical underpinnings that currently exists. As I specially stated in the...
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