Michigan

This Recovery Isn't All That Resilient, Here's Why

Most economists today applaud the resilience of the current recovery, which has stretched into its eighth year, the third-longest in postwar history. Resilience and rising household defaults, though, don’t tend to go hand in hand.

The Feds Just Expanded Civil Asset Forfeiture 'Laws' Nationwide

Local police will now be able to seize cash, often from those suspected of drug crimes, even in states that do not condone the policy...the federal program returns cash directly to the police department that took the asset... " It is an effort to empower law enforcement,"

Sleepy Overnight Session Interrupted By Chinese Market Turmoil

While it was indeed a generally quiet session (with Japan markets closed), US equity futures continued their run into record territory (ES up 0.1% to 2,458.50), and Europe fractionally lower, the early Monday focus was on the previously discussed turmoil for Chinese markets where despite a solid set of Chinese data small caps tumbled, selling off into the close after further warnings of regulatory scrutiny and deleveraging,