While the US Federal Reserve remains puzzled as to why US inflation is so low, President Nicholas Maduro and his Socialist compadres has managed to lower Venezuela’s annual inflation rate from a crippling 1,823%
According to the US Census Bureau, US housing construction starts declined 5.6% on a year-over-year (YoY) basis for July. You can see the declining trend since 2012.
The Dow Jones news today is highlighted by political turmoil in Washington, as controversial remarks from President Trump sent CEOs fleeing from his “American Manufacturing Council.”
World stock markets were mostly higher again Wednesday. U.S. stock indexes are also pointed toward higher openings when the New York day session begins.
The U.S. government holds 261.5 million ounces of gold.
Now, a government holding gold is not all that unusual. Lots of them do, all over the world.
This is: Uncle Sam doesn’t mark to market!
Anyone who thinks our toxic financial system is stable is delusional.Why are we doomed? Those consuming over-amped “news” feeds may be tempted to answer the culture wars, nuclear war with North Korea or the Trump Presidency.The one guaranteed…
Last week the Commerce Department reported wholesale sales in June 2017 had risen by 5.6% year-over-year (unadjusted). Having increased by nearly 10% in May, and by the most in five years in January, 5.6% was instead the same kind of 2014 disappointment that is becoming far too common. These growth figures include petroleum sales on…
In digital currency news, Bitcoin prices fell after reaching record highs.
Other cryptocurrency prices followed the slump in Bitcoin.
Yes, Dick’s Sporting Goods, a big-box retailer for sporting goods, just suffered a big decline in their sales and earnings, a -3.66% downward surprise.
Value-added is one measure of economic activity that links the production side to consumption/ demand side (using inputs of say $X value to produce a good that sells for $Y generates $Y-$X in Gross Value Added).