The Problem With GDP
The consequences for us all end in a crisis of reality.The errors of economic and monetary managemen
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America's Great Build-A-Thon Comes With A Price Tag
The United States is on the brink of an industrial transformation that could redefine its economic t
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November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports
The payrolls decline marked a sharp step down from October, which saw an upwardly revised gain of 47,000 positions.
Industriya
US Industrial Production Sees Biggest Annual Gain In 3 Years Despite Slowing Capacity Utilization
First things first, this is data for September. But we would given this morning's Industrial Product
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Euro zone inflation up a notch to 2.2% in November, flash data shows
Euro zone inflation stood at 2.2% in November, a slight rise from the previous month, flash data from data agency Eurostat showed Tuesday.
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RM1.3Mil Gone in Days: JB Kinder Boss Falls for Online “Investment”
A Johor Baru kindergarten owner lost her life savings of RM1.3 million to a non-existent online investment scheme after responding to a social media ad promising returns of up to 41%. Between Nov 6–21, she made multiple transfers to several accounts and was later pressured to “add funds” to release profits that never materialised. She lodged a police report on Nov 28; the case is being probed under Section 420 (cheating).
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The US Manufacturing Sector Wins While Net Zero Destroys Industry Elsewhere
The US manufacturing sector clearly outperforms all its G7 peers, especially Germany, France, and th
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UK snack brand Graze to be sold to Jamie Laing\s Candy Kittens
The deal comes as Unilever plans to offload some food brands to focus on care and beauty.
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'Worse Than COVID': Weak US Manufacturing Surveys Signal Stagflation In November
This morning's survey data on the US manufacturing economy comes as the post-shutdown slump in 'soft
Industriya
Key Events This Busy Week: ISM Mfg and Services, ADP, Core PCE And More
As noted earlier, Asia kickstarted December in a weak mood with Bitcoin down another -6% this mornin
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The Impossible Two Percent: Why Central Banks Cannot Afford Price Stability
The Two percent inflation target—monetary policys sacred commandment for three decades—has become st
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Game Over DOGE: US Starts Fiscal 2025 With Record Budget Deficit, Shocking Interest Expense
It was back in February, when we explained to Elon Musk why his strategy to shock the US government
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Consumer confidence hits lowest point since April as job worries grow
The board's Consumer Confidence Index slumped to 88.7, a drop of 6.8 points from the prior month for its lowest reading in seven months.
Industriya
Core wholesale prices rose less than expected in September; retail sales gain
The producer price index was expected to increase 0.3% in September, according to the Dow Jones consensus estimate.
Industriya
Private payroll losses accelerated in the past four weeks, ADP reports
Private companies lost an average of 13,500 jobs a week over the past four weeks, ADP said Tuesday.
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Bessent believes there won't be a recession in 2026 but says some sectors are challenged
Treasury Secretary Scott Bessent said the U.S. was not at risk of entering a recession in 2026 and that Americans would soon benefit from Trump's policies.
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Fed won't get key inflation data before next rate decision as BLS cancels October CPI release
The BLS said it was canceling the release of the October CPI, leaving the Fed without a key piece of inflation data before it next decides on interest rates.
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House Lawmakers Press Shein Over Sale Of Childlike Sex Dolls In The US
House lawmakers have asked fast-fashion retailer Shein to explain how childlike sex dolls were allow
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CapEx Spending On AI Is Masking Economic Weakness
The U.S. economys recent growth has a distinctive engine: large‑scale capital expenditures (capex) t
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Cleveland Fed's Hammack supports keeping rates around current 'barely restrictive' level
Hammack on Thursday gave indications that she thinks the central bank could be nearing the end of what could be a brief rate-cutting cycle.
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