The crackdown on illegals is finally bringing back some normalcy to the labor market. 

The beauty of economics lies in trusting free individuals to make daily life better...

...after two months of declines, August saw factory orders rebound bigly...

Data sequencing and Fed speak make a cut hard to see...

For decades, opponents of tariffs have argued that they operate as a regressive “tax on consumers"...

“By any standard our financial situation is precarious..."

The Port of Long Beach is moving containerized cargo ahead of the cumulative record-setting pace achieved in 2024 despite weaker demand that saw October volumes drop by nearly 20% from a year ago.

History suggests that when governments can’t grow, tax, or inflate their way out, they simply wait it out: relying on time, moderate nominal growth, and the slow erosion of debt through steady, incremental policy.

"We do not have trade schools. We are not investing in educating a next generation"

Rather than challenging the political status quo, the five “wise men” largely echo Berlin’s own agenda: more state intervention, higher taxes, and tighter regulation.

"After incorporating the impact of the government deferred resignation program, we expect official nonfarm payrolls to show a 50k decline in October." - Goldman

The EU and its member states will make both businesses and consumers pay even more for CO₂ emissions. BASF CEO Markus Kamieth warns of the enormous destructive potential of this policy.

The German economy is sinking ever deeper into recession. In its latest business survey, the Institute of the German Economy (IW) now also sees mounting pressure on the labor market.

It is becoming increasingly difficult to shock readers with new economic numbers, given Germany’s ongoing economic decline. Yet a 19% plunge in machinery orders in September manages exactly that

Western Europe continues to be the region’s largest economic bloc, generating about 40% of Europe’s projected $31 trillion (€27T) output in 2026...

The most likely endgame is one where both Beijing and DC directly fund their domestic AI industries to win the next "arms race" which will be who gets to AGI first, as the cost for not getting there first will be existentially staggering.

"Customers are often pushing back on price rises, especially in consumer-facing markets... "

Recessions don’t start when the labor market cracks. That’s only a consequence of the recession, not the cause. They begin when money stops flowing...

i) Taiwan, ii) democracy and human rights, iii) China’s political system, and iv) development rights are Beijing’s four red lines... which means Trump will trample all over them as soon as he can. 

Chain restaurants are closing hundreds of locations this year after menu prices rose between 30% and 80% in the last five years...