A heavy equipment producer noted a slowdown in sales that they initially blamed on heavy rainfall this year, but said this "masks a much deeper contraction in capital equipment spending." Surely, an easy mistake to make.
While we have yet to see where Q4 GDP will come out, the fact that the Fed cut rates three times in a quarter in which the economy rose 2.1% will surely prompt questions of what happens when the US economy finally contracts?
So with China's Industrial Profits crashing by the most on record in October and US Durable Goods Orders rebounding aggressively, one might suggest 'Trump is winning' the trade war.
Why do so many American Progressives wish to put even larger swathes of our lives under political control given their belief that politics is so very easily corrupted by oligarchs and big-money donors?
"today is exactly one month until Christmas", and as happens around this time of the year, it will be a truncated week due to the Thanksgiving holiday on Thursday that usually extends into a sleepy Friday for markets.
