Poll Shows Nearly 40% of Germans Want Merkel to Resign
As proof of how badly German chancellor Angela Merkel has handled the refugee crisis, a new Poll Shows 40 Percent of Germans want Merkel to...
Author : Mish Global Economic Trend Analysis
BEA 4th Quarter GDP 1st Estimate 0.7%; Q&A: Why Did GDPNow Rise After Durable Goods? When are Construction Revisions Coming?
The BEA "Advance GDP" estimate for 4th quarter came in today at +0.7% vs. an Econoday Consensus Estimate of 0.9%. Consumer spending is the central...
Bank of Japan Adopts Negative Interest Rates: Surprise, Surprise We Lied Again; Meaning of “Now”
Meaning of "Now"Eight days ago, the Bank of Japan governor Haruhiko Kuroda, said No Plan to Adopt Negative Rates Now.Well, that was then, and this...
World’s First Robot-Run Lettuce Farm to Produce 30,000 Heads Daily; Tipping Point for Workerless Agriculture
Future of FarmingThe future of farming has arrived. It's vertical, soilless, and run by robots.Tech Insider reports World's First Robot-run farm will harvest 30,000 heads...
Shocking Crash: Durable Goods Orders Plunge 5.1%, Shipments Drop 2.2%, Huge Negative Revisions; Recession Here?
Crash!Durable goods orders and shipments crashed in December. The Econoday Consensus Estimate for durable goods new orders was a 0.2% rise. Here are the amazing...
Fed “Workhorse” Model Says Odds of Recession in Next Year Only 3.56%; What are the Real Odds?
Of all the ridiculous opinions as to why the US is not about to enter a recession, the Fed's "Workhorse" Model is at the top...
Chicago Board of Education Yanks $875 Million Bond Sale Over 7.75% Yield; Five Questions for Chicago
On Wednesday, the Chicago Board of education pulled the plug on a proposed $875 Million Bond Sale. Facing hefty yields, the financially ailing Chicago Public...
Oil Inventory Hits “Levels Not Seen in 80 Years”; Crude Jumps on News Russia May Cooperate with OPEC
"Levels Not Seen in 80 Years"The supply glut in oil storage continues as crude. Inventories hit new all-time highs this past week.The above charts from...
New Home Sales Surge but Prices Down Sharply; Prices Have Room to Fall; Is Everybody In?
December new home sales surged well over the high end Econoday estimate. The outlook for the housing sector just got a boost from a sharp...
Financial Engineering Chart of the Day: Fed Balance Sheet vs. S&P 500
Fed Balance Sheet vs. S&P 500I was playing around with some ideas on the St Louis Fed "Fred" database and came up with this.Mike "Mish"...