ZeroHedge Search

It was nuts to permit politicians to control prices when there was no way to control politicians. 

The unstable, brittle edge of the precipice is giving way, and there is nothing but air below...

Cox Automotive is also predicting that further job cuts could occur if production at U.S. automakers doesn't eventually ramp back up.
 

“Leisure and hospitality was the worst-hit sector, and 30 percent of our employment in southern Nevada is in leisure and hospitality."

"If it’s a good location, you can backfill that with residential, hotel, office and entertainment.”

Nissan, Hyundai and Porsche also suffered major drops in sales between April and June...
 

...inflate or die!

It's as if the system were designed to maximize regime uncertainty and destroy employment and income...

This is still the biggest MoM rise since Aug 2014 but YoY, US factory orders remain down 15.8%...

"...a record upturn in business sentiment about the year ahead..."

WTF!

We suspect the two will have somewhat different views of the way ahead with Mnuchin signaling confidence in the v-shaped recovery and Powell continuing to stress unprecedented uncertainty...

“While work restart levels are high, the recovery of demand has been slow, weighing on the pace of improvement in industrial production,”

What is missed by those promoting the use of more debt, is the underlying flawed logic of using debt to solve a debt problem. At some point, you simply have to stop digging...

Millions of Zimbabweans rely on digital payments, in the absence of hard cash, but the government says they’re sabotaging the economy...

The only realistic Plan B is a fundamental, permanent re-ordering of the cost structure of the entire U.S. economy.

"They don’t care about my business...”

As advertisers adapt to rising in-home media consumption, the tug-of-war for ad dollars between online and traditional media seems to have a decisive winner...

The chart would be funny, if it weren’t so serious...

“The resurgence of the virus will be accompanied by weaker consumer demand among residents of the Southern and Western regions and may even temper the reactions of consumers in the Northeast.’’