Former Hasbro CEO Says “Providence Should Consider Bankruptcy”; An Option Chicago Needs
Providence, the capital of Rhode Island, is in such bad financial straits that Former Hasbro CEO Alan Hassenfeld has this scary message for state officials...
Author : Mish Global Economic Trend Analysis
Existing Home Sales Bounce Essentially a Mirage; Supply Drops to 11-Year Low: Is that a Problem?
December existing Home Sales bounced a whopping 14.7% from November's dismal showing. But most of that bounce was a mirage.Last month, new documentation rules pushed...
Fourth Industrial Revolution: Robots, Artificial Intelligence Will Destroy 5.1 Million Jobs by 2020
Fourth Industrial Revolution ComingA new study on the "Future of Jobs" by the World Economic Forum at Davos claims a Fourth Industrial Revolution is Coming.The...
China Openly Pledges to Sink the Yuan vs. the Dollar
A senior Chinese official Thursday affirmed China's intention to decouple its currency from the U.S. dollar, while the head of the International Monetary Fund urged...
Draghi Rally Fizzles In Less Than One Day: Failure In Pictures
ECB President Mario Draghi attempted to talk the Euro lower and the market higher today in a lengthy one hour press conference following his decision...
Is Mario Draghi a Bare-Assed Emperor With No Clothes?
ECB Hints at March StimulusECB president Mario Draghi ignited the markets today with Hints at More Stimulus in March. Investors reacted positively to Mr. Draghi’s...
All Bad Things Come to An End
Eventually, all bad things come to an end.Here's a case in point: Christine Lagarde's 5-year term as head of the IMF is nearly over. A...
Run on Italy’s Third Largest Bank? Capital Controls or Bail-Ins Next? Why Take Chances?
Italian Bank Customers Pull DepositsThe CEO of Monte dei Paschi, Italy's third largest bank, and the oldest surviving bank in the world, admits Customers Pulling...
“B” Word Hits Chicago: Illinois Governor Proposes Bankruptcy for Chicago Public School System
"B" Word Hits ChicagoAt long last, Illinois has a sensible proposal to help Chicago schools: Bankruptcy.The cause of Chicago's problem is untenable pension promises, ridiculous...
Parade of Weakness: Housing Starts and Permits Slump in December
Housing starts, one of the presumed strengths in the economy, took a dive in December.The Econoday Consensus Estimate was for 1.200 million starts vs. the...