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MMT is not a free lunch. Individuals pay for it through a reduced value of the dollar and ergo your purchasing power. MMT is a hidden tax paid for by everyone holding dollars...

Companies expressed optimism towards the outlook for output over the coming year for the first time since March...

Key indicators for a true V-shaped economic recovery (i.e. actual productivity, not just printing money) for the American economy simply don't seem to be lining up...
 

Central bank forecast the oil-exporting UAE economy would contract by 3.6% this year.

"In a period of protest and increasing anger about inequality, the differential inflation rate experienced by low- and high-income households is a concern."

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...