As advanced manufacturing is about to accelerate in China, the rules of economic development could change across the world. About a year ago, China’s State Council unveiled a national plan, “Mad...
Week 18 of 2016 shows same week total rail traffic (from same week one year ago) declined according to the Association of American Railroads (AAR) traffic data. Rolling averages continue moving deep...
US retail sales are expected to rebound in tomorrow’s April report vs. the previous month, according to The Capital Spectator’s average point forecast for several econometric estimates. The averag...
When I spoke to a senior official at the Federal Reserve the other day, I couldn’t believe what I was hearing. If the American economy moves into the next recession with interest rates already near ...
Is there anything more quintessentially American than the all you can eat buffet bar? The idea that you can just eat an endless supply of food until you finally give up out sheer exhaustion is bewilde...
If we understand property taxes as a “lease from the local government for the right to gamble on another housing bubble arising,” we see “ownership” in a different light. We...
New filings for unemployment benefits in the US soared last week, delivering a sharp rebuke to the consensus forecast, which was looking for a modest decline. Instead, economists were blindsided as jo...
No change in policy nor in the voting pattern, but the BOE did change inflation and growth forecasts: inflation to the upside and growth to the downside, more or less with data coming out recently. GB...
For a near record 21 months in a row, US Import Prices dropped in April compared to last year (down a worse than expected 5.7% YoY, and rising only 0.3%, less than the 0.6% expected rebound from March...
Key Takeaways The Estimize consensus is looking for a loss of 35 cents per shares on $2.94 billion in revenue, 4 cents higher than Wall Street on the bottom line and right in line on the top JCP has a...