‘Years To Correct’: Auto Dealers Continue To Face Negative Impact From Ransomware Attack
‘Years To Correct’: Auto Dealers Continue To Face Negative Impact From Ransomware Attack Since a cyberattack paralyzed 15,000 auto dealerships nationwide last week, a clearer understanding of the damage has emerged. Several of the largest US dealers are now detailing the potential “material” impact on their finances in regulatory filings since their backend operating systems, managed by […]
ZeroHedge Presents “The Border Debate”: Pundits Clash Over Illegal Immigration In The US
ZeroHedge Presents “The Border Debate”: Pundits Clash Over Illegal Immigration In The US Immigration is the most important problem facing the US, according to Gallup and about a half-dozen other pollsters, not to mention at least half of America. In May, Trump vowed to deport ‘nearly 20 million‘ illegal migrants after Biden shredded his Executive […]
Cannon Fodder: The Media Piles On Federal Judge After Lionizing Manhattan Judge
Cannon Fodder: The Media Piles On Federal Judge After Lionizing Manhattan Judge Authored by Jonathan Turley, The politicians, the press, and pundits are in a feeding frenzy around Judge Aileen Cannon, the federal judge presiding in the Florida case against former President Donald Trump. There is a torrent of hit pieces and petty attacks on […]
Solid 2Y Auction Stops ‘On The Screws’, Highest Bid To Cover In A Year
Solid 2Y Auction Stops ‘On The Screws’, Highest Bid To Cover In A Year Another week of coupon auctions has begun, and with $70BN in 5Y paper due Wednesday, and $44BN in 7Ys for sale on Thursday, moments ago the Treasury sold $69BN in 2Y paper in a solid auction. The high yield of 4.706% […]
Softer Inflation But Fewer Rate Cuts?
Softer Inflation But Fewer Rate Cuts? Authored by Will Denyer via Evergreen Gavekal blog, US inflation slowed in April, according to CPI data released Wednesday. Yet even though they had this softer inflation data in hand, Federal Reserve policymakers still pared back their rate cut expectations for the year. In the new dot plot published […]
Dallas Fed Respondents Blast “Poor National Leadership” As Stagflation ‘Erodes Business Confidence’
Dallas Fed Respondents Blast “Poor National Leadership” As Stagflation ‘Erodes Business Confidence’ It has been a mixed morning on the macro side… to say the least. Philly Fed Services jumped into expansion (to two year highs?), Chicago Fed National Activity Index surged, Case-Shiller home prices hit a new record high but appreciation slowed, Conference Board […]
Modern Marxist Theory
Modern Marxist Theory By Russell Clark, author of Capital Flows and Asset Markets I only read the Communist Manifesto last year. I was trying to understand how the Chinese planners think about economics, and I found it extremely illuminating. I had often heard people talking about Marx, without ever being interested enough to read it […]
EU Formally Launches Membership Talks With Ukraine & Moldova
EU Formally Launches Membership Talks With Ukraine & Moldova A symbolic ceremony kicked off Tuesday in Luxembourg which marks the start of formal European Union accession talks for the two ex-Soviet countries of Ukraine and Moldova, putting yet more distance between them and Russia. The process will move forward, despite some recent roadblocks set by […]
Retirement Nightmare! Hordes Of Older Americans May Need To Go Back To Work Just To Survive
Retirement Nightmare! Hordes Of Older Americans May Need To Go Back To Work Just To Survive Authored by Michael Snyder via The Economic Collapse blog, The Social Security program was instituted to help elderly Americans thrive during their retirement years. Unfortunately, millions upon millions of retired Americans are finding that their monthly Social Security payments are simply not enough […]
Pool Shares Plunge As Full-Year Profit Forecast Slides On Dive In Consumer Spending
Pool Shares Plunge As Full-Year Profit Forecast Slides On Dive In Consumer Spending The world’s largest wholesale distributor of swimming pools and related outdoor living products, with hundreds of stores across North America, Europe, and Australia, slashed its full-year earnings forecast. Pool Corp. cites “recent trends that dampen discretionary spending,” signaling a broader consumer downturn theme. The company—which […]