China’s Manufacturing Recession Continues in August
China's official PMI reading for August showed contraction for the fourth month in a row. The trade war with the United States has started to bite hard, without question.
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Over 600,000 Homes Face Potential Damage From Hurricane Dorian
A look at the areas most likely to be in the hurricane Dorian's path shows that about 668,0000 homes are at risk of damage. That could cost as much as $144 billion to repair.
Poll: Satisfaction With U.S. Education Hits 15-Year High
Americans are particularly pleased with the education systems and opportunities that the country offers. That figure reached a 15-year high this year.
More Millennials Are Going Into Debt for Their Pets
Pets make up an incredibly important part of many consumers’ lives. In fact, many pet owners spend a substantial amount of money on their “fur babies” reflecting this.
These States Already May Be in Recession
Just because the entire country has low unemployment, high consumer confidence and rising gross domestic product does not mean certain states are not already suffering downturns in their economies.
New Poll Shows Biden Leads by Double Digits, Challenges News of Drop
Is Joe Biden tied with Elizabeth Warren and Bernie Sanders for the lead in the race to be the Democratic presidential nominee? Or is Biden way ahead?
Despite Trade and Recession Fears, Durable Goods Support Higher GDP Growth
Each month's report on durable goods orders can be very volatile due to the nature of the big-ticket items. Durable goods in any given month can look stellar in a crummy economy or they…
Did Fed Chair Powell Just Wink and Commit to More Rate Cuts?
Federal Reserve Chair Jerome Powell spoke in Jackson Hole, Wyoming, on Friday at the Challenges for Monetary Policy annual symposium.
It’s Minus 58 Degrees Here Now, and Getting Colder
As most of the news about climate change now involves the spikes in world temperatures, there are still places where it is not unusual for the readings to be −50°F, or even much below…
Eurozone PMI Rises Slightly, but Trouble Remains
Research firm Markit has posted its monthly PMI for the eurozone. A slowing world economy was reflected in the numbers.
FOMC Minutes Contain Few Game-Changing Views
If the Federal Reserve’s Federal Open Market Committee decision on interest rates at the end of July wasn’t strong enough, there is another chance to evaluate the same data from that time all over…
CBO Boosts Federal Deficit Projection by $809 Billion
The Congressional Budget Office is projecting a 10-year budget deficit of $11.4 trillion through the end of 2029. The first $1 trillion annual deficit is forecast to come next year.
Defying Logic: Germany Sells 30-Year Bonds for Negative Yields
Explaining negative interest rates is arcane, almost as if it were medieval times and peasants were so desperate to protect their few coins they own from brigands and warlords that they were willing to…
Cherokee Nation Set to Exercise Right to Representation in Congress
New Cherokee Nation chief Chuck Hoskin Jr. plans to seat a member of the Nation in the U.S. House of Representatives. The tribe's right to a congressional representative is specified in an 1835 treaty.
Interest Rates to Remain Low Through 2020 Say Business Economists
The National Association of Business Economists released the results of its August survey Monday. Recession concerns have been pushed further out, but worry over federal fiscal policy has diminished.