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Incoming ECB Head Christine Lagarde Says Trump Should Stop Criticizing Powell With Tweets

...in the original sense, “the Beast” was the government, and people were to starve said beast by spending less and using loopholes to pay less in taxes...

The earth is about to get much cooler and so too is the earth’s economy...

"Stopping the escalation of the trade war benefits China, the U.S., and the whole world..." 

...Shanghai and Shenzhen had the highest office vacancies than any other city, and both had around 20% of office spaces dormant.

"...it’s worth thinking about. Don’t smirk."

...the current level of uncertainty is reportedly worse than during the collapse of the Soviet Union, the aftermath of 9/11, the great financial crisis around Lehman's bankruptcy, and the Brexit referendum vote.

...we have a bunch of indicators confirming the slowdown will last longer than most expected at the beginning of the year.

...means, at best, the US will have just 1/3rd the potential new home buyers, car buyers, tax payers, etc. etc. than anytime since WWII...

... each dollar of global debt generated only $0.42 of GDP growth in the major economic sectors, which was down 11.1% from ten years ago.

Chicago teachers are striking for the third time in seven years. Over 25,000 teachers and 7,000 support staff will be on strike while 300,000 students will be left in the lurch. 

...likely depressed by an autoworkers’ strike at GM, sluggish global demand, and the trade war.

The report reflects some cooling as starts pull back from the best pace since 2007 the prior month.

"I am very proud that Nhow Hamburg can be built in this extraordinary location as part of this fascinating project." 

Overall, the most negative estimation for the future is found in Europe with -22% and the most positive is in Asia with +6%...

"One theory was that the strong US dollar prompted more Americans to vacation abroad this summer. Media attention was "overly" focused on increased shark sightings and (rare) tornados."

"Companies are starting to do what they do when there is rampant uncertainty, which just stops issuing guidance." 

As the trauma from the Great Recession fades from memory, are Americans increasingly embracing one of the financial maneuvers that caused a great amount of pain a decade ago – cash-out refinancing?

Mainstream economics is moving away from grand theory, big questions,... toward small-scale, incremental, experimental, and largely atheoretical measurement exercises...

It is imperative to appreciate the exceptionality of the situation. Never before has the world gone into recession with interest rates so low and with the balance sheets of central banks so massive. This time truly is ”different”...