Archive for October 26th, 2017

New home sales, those of newly constructed single family structures, surged in September to the highest level since October 2007. Given an almost exact decades worth of time, the result is being heralded throughout the world as another data point suggesting how everything is finally back on track. The mainstream, which are predisposed to see anything moving up as confirmation of that view, thus miss what is the bigger, more accurate interpretation.
The sales number instead describes everything that is wrong with the US and global economy. It was not a good result by any measure, even…

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Given the understandable opposition to U.S demands that would transform NAFTA from a free trade agreement into a managed trade agreement, it is easy to ignore Canadian demands that would turn it into a managed social policy agreement.
One of the biggest underlying flaws in U.S Trade Representative Robert Lighthizers NAFTA wish list is the notion that one can manage free trade. But managed free trade is a bit like jumbo shrimp, an oxymoron if ever there was one. It is an attempt to make predictable something which is inherently unpredictable the economic marketplace. Trade makes a large…

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Amazon.com Inc sales jumped 34 percent in the third quarter and profit topped analysts' estimates as Prime Day sales boosted its retail business and demand remained strong for its popular cloud service for companies.

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The motorcycle king's stock is rebounding, but it really shouldn't be.

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Every time Republicans propose tax changes that might in some way benefit the wealthy, the trumped-up myth of trickle-down economics first coined by a Franklin Roosevelt speechwriter resurfaces. Immediately after the release of the tax proposal put forward by President Trump and Republican congressional leaders, opponents didnt disappoint.
Trumps tax plan is a self-serving rehash of trickle-down economics, headlined an editorial in The Philadelphia Enquirer. Trump will be selling old Republican idea: trickle-down job growth, wrote Victoria McGrane in The…

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Two trends that are the mortal enemy of a bull market are gaining strength, as reflected in the sell-off in bonds

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Rents have increased rapidly across U.S. housing markets as the share of renting households has risen faster than the number of new units. Now, in a survey published Thursday by an apartment-listing service, nearly one in five respondents reports struggling to make the monthly payments.

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<p>The Swedish furniture retailer Ikea has withdrawn a television advert in China featuring a mother who threatened to disown her unmarried daughter after it unleashed a wave of criticism on social media for being sexist and insulting single women.</p>

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<p>In 2014, Steve Adcock, 36, and his wife Courtney, 32, decided to double down on their savings in order to retire early.</p>

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Oil companies’ break-even number has become an obsession for investors in oil giants as crude prices stay stuck between $50 and $60 a barrel.

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The line between symbiosis and mortal combat is a fine one, both in the C-suite and at the cellular level. Michael Singer and Ben Favret thought they had the former when they began making plans for a better, safer line of medical apparel—a super scrub, if you will.

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The world’s wealthiest individuals are on a roll with billionaires in Asia leading the pack.

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Jeff Bezos wants the key to your front door. And based on past performance, quite a few of us will hand it over to him.

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