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The maker of international trucks said it would lay off 10% of its workforce and slashed its forecast for 2020 revenue...
 

...it was Volcker who masterminded the program that Nixon announced in August 1971, which unilaterally suspended gold convertibility of U.S. dollars held by foreign governments and central banks...

The unjustifiably high cost of college tuition in the US has dragged a whole generation into debt slavery...

Here's why China's "best efforts" promise to boost its agricultural imports from the US by 235% is virtually impossible.

Everything is down...

The final revision of Q3 GDP came in as expected, at 2.1%, and unchanged from the second revision, rising fractionally from the 2.0% in Q2.

German manufacturers have fallen into a recession this year after the economic deceleration continues in the US and China.

"There is only one way that the lower-end volumes are going, and that is downwards." 

Having learned nothing from the mistakes of the last recession, the “cures” that are being prescribed for the next one are very likely to come with even worse side effects...

Who knew the intersection of the supply and demand curves would be marked by a pound of pork.

On the surface, Nike's Q2 results were stellar, with the sportswear company beating on the top and bottom line, and yet Nike stock, which as a reminder has a weight of around 2% in the Dow Jones, is trading well lower after-hours. Here's the reason why.

The "trough is in" narrative takes another hit this morning...

For those engrossed in the current and engulfing repo fiasco, QE, and monetization...it is helpful to pull back and clarify what it is that is causing the existing economic and financial system to fail?

Yet under the veneer of economic freedom, markets have their dark side, too: crony capitalism.

"...they’re not done until they get to zero, and then we’ll see if they’re done or if they want to try to go negative..."

Eventually the younger generations will connect all the economic injustices implicit in 'OK Boomer' with the Fed...

The CPI might tell us that inflation is "subdued," or "muted," there are plenty of people whose budgets are taking big hits anyway.

The manufacturing sector also rebounded 1.1% MoM - the biggest jump since October 2017 - but on a YoY basis, manufacturing remains in contraction...

...single-family permits hit 918k - the highest since August 2007...

Compared to this time last year, the prospects for markets and the global economy heading into 2020 are surprisingly bright. But look further ahead and you will encounter deep uncertainty...