The planned closures follow “macroeconomic challenges” within the U.S. economy, such as inflation...

You really think they'd pull the rug from under Kamalanomics 100 days before the election?

...biggest MoM drop in non-defense spending since COVID lockdowns...

Ultimately, not enough goods and services to go around leads to conflicts of many types. These include conflict within political parties, within countries, and among countries...

...and under the hood, it was a shitshow!

While La Ñina is helping ease the traffic knots at the Panama Canal, repeated attacks by Houthis — some fatal — have driven shippers to find alternatives to the Suez Canal.

The first is that the Fed has never actually managed to pull this off - at least not at any time in the last 45 years...

...did a recession start in May or June?

The e-commerce leader in Europe is Amazon - but Chinese ventures into international e-commerce, for example AliExpress or more recently Temu, have made inroads. 

It may be pleasant to think that the economies that are “on top” now will stay on top forever, but it is doubtful that this is the way the economy of the world works...

Lack of inventory and high interest rates will continue to push home prices up into 2025, experts say...

In short, there is no real solid grounding for a rate cut anytime in the foreseeable future...

Since the start of 2024, numerous well-known restaurant chains have announced sizable closures and incrementally more drastic restructuring efforts.

Miles away from any strip mall or cookie-cutter subdivision, the off-grid community known as Operation Self-Reliance bloomed with housing construction in the Utah desert.

So-called social policies have only made everyone poorer and hurt the middle class...

MMT takes “monetary policy” concepts to their logical conclusions...

If inflation was actually, say, 35% it means GDP hasn't gone up at all since pre-Covid...

The brandy probe appears to target France, while the pork imports investigation is likely aimed at Spain, the Netherlands, and Denmark...

...bad news is good news?

Any unexpected weakness in the jobs market could trigger the Fed to react with looser policy.