Paradise Lost
So a single political party gains control of a lockdown-battered country desperate for any and all forms of government spending. Direct payments, loan forgiveness, infrastructure,
So a single political party gains control of a lockdown-battered country desperate for any and all forms of government spending. Direct payments, loan forgiveness, infrastructure,
Towards the end of economic expansions, interest rates usually start to rise as strong loan demand bumps up against central bank tightening. At first the
The past decade’s historically low interest rates convinced millions of Americans to buy cars they could only afford with hyper-cheap credit. This made auto sales
One of the interesting things about the Great Recession was how Canada’s financial system sailed through it largely unscathed. Its banks were regulated wisely and
US growth, such as it is, has lately been driven by a handful of hot sectors. Car sales have set records, high-end real estate is
If 2015 was the year in which no investment strategy worked, 2016 is looking like the year in which all economic policies fail. Already, at
Good friend Michael Pollaro just sent a couple of charts that show the US economy heading for a brick wall. The first illustrates what happens
US factory orders tanked again this morning, and were generally reported that way at first. To take just a few of the low-lights: Factory orders
New car sales have been one of the bright spots of the US recovery. And they’re still at it: September U.S. auto sales to rise
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