Volkswagen’s Choice: Fire Union Workers and Cut Costs, or Go Bankrupt
Tyler Mitchell The unions and government leaders are howling but what must be done will be done. Big Outcry Over…
Emmanuel Macron, the French President, Ponders a “Technocrat” Prime Minister
A poor decision by Macron to call a snap election has made France ungovernable. Macron ponders a socialist…
Faced with Stagnant Domestic Growth China Starts a New Global Trade War
China is going all in on exports to revive growth led by EVs. Trump vows to strike back…
ISM Index Little Slightly Better But New Orders and Production Contracting Faster
The manufacturing ISM is a bet improved, but three key components are worse. ISM chart and excerpts below…
Construction Spending Growth Slows in May, Stops in June, Negative in July
Commercial real estate spending is down for the 10th consecutive month. Most other sectors joined the slump in…
The Last Remaining San Francisco Denny’s Closes After 25 Years
The lone San Francisco Denny’s holdout has finally shut it doors. You probably know why. The San Francisco…
Apartment List Shows a Decline in the National Rent Price in August
There are very serious flaws in using Apartment List or Zillow to estimate BLS price moves. But let’s…
The Year-Over-Year PCE Price Index Unchanged in July
PCE, the Fed’s preferred measure of inflation remains 2.5 percent from a year ago. Expect significant improvements across…
The BEA Revises Income in May and June Lower, But Spending Higher
Today, the BEA revised income lower for the last two months. More negative revisions to income are on…
The Pending Implosion of Chicago Public Unions, No City is More Deserving
Chicago has a budget deficit of nearly $1 billion. Tack on another $2.9 billion for a proposed teachers’…