Michigan

American "Hope" Spikes To Highest In 18 Months After Trump Win

Inflation expectations (short- and long-term) have risen notably in the latest Uiniversity of Michigan survey data but it is "hope" that has soared. Consumer Expectations spiked most in over 3 years to 85.2 in November to 18 month highs following the election of Donald Trump as US president.

Scientists Find "Persuasive Evidence" Of Vote Hacking, Demand Clinton Recount In 3 States

Between the so-called 'Hursti Hack', questions over Soros-linked voting machines, some peculiarities in Texas, and the media furore over Trump's democracy-threatening questioning of the election outcome it is ironic that a group of prominent computer scientists and election lawyers are urging the Clinton campaign to call for a recount in three swing states won by Donald Trump after allegedly finding "persuasive evidence" of vote hacking.

Key Events In The Coming Thanksgiving-Shortened Week

The key economic releases this week in the Thanksgiving-shortened week are the durable goods report and new home sales on Wednesday. There are several scheduled speaking engagements from Fed officials this week. Minutes from the November FOMC meeting will be released on Wednesday.

Trumpflation Takes A Breather As Global Stocks Rise, Oil Jumps On Renewed OPEC "Deal Optimism"

With the Trumpflation euphoria easing back slightly overnight, leading to a modest paring in the USD index and US Treasury yields, Asian and European stocks rose, while US equity futures rebounded to just shy of new all time highs, as crude jumped on renewed optimism that OPEC will agree to cut output; metals rebounded from last week’s losses as yields dropped and the dollar halted its longest winning streak versus the euro.

Ford CEO Folds? Trump Confirms Carmaker Won't Move Production To Mexico

Just hours after Ford CEO complained of the "huge impact" of Donald Trump's proposed trade plans, following the company's plan to move a substantial portion of its passenger-car production to Mexico from a factory in Michigan, Donald Trump tweeted “Just got a call from my friend Bill Ford, Chairman of Ford, who advised me that he will be keeping the Lincoln plant in Kentucky -- no Mexico," seemingly winning his first 'america-first' victory.