Top Economic News

 

Cleveland leads the country with propety underwater (financially).
JP Morgan says the market is discounting a rate hike in December too much.
31 years ago today, Congress agreed on a tax reform package.  
DineEquity will close twice as many Applebee's as earlier reported.
12 states are competing for the new Toyota-Mazda plant.
Wisconsin is working on a 43B incentive package for a proposed liquid crystal display factory by Taiwan's Foxconn.​
India and China are in a border confrontation in the Himalayas.
An increase in shale oil production is blunting the effect of a fall in crude oil inventories ​

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Nafta is about to get a makeover.
The gap between men and women in the US job market narrows.
The Trump administration rolled by rules regarding environmental reviews and restrictions on government-funded building projects in flood-prone areas.
UK wage growth beats forecasts but still lags inflation.
Top India bank wants weaker rupee to curb China imports flooding in.
Libya's oil output gets a boost.
Iran will put out of the nuclear agreement if the US imposes more sanctions.

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China's Commerce Ministry issued a ban effective from Tuesday on several imports from North Korea. (The UN sanctions must be implemented 30 days after the resolution was approved in a vote on Aug. 6th.
China just churned out a batch of bad numbers.
75% of economists polled think Trump will get a tax cut through.
Tax change proposals are angering builders, real estate agents and charities.
Negotiations on NAFTA begin this week.
Amost 25% of the NJ transit operating budget has switched from long-term improvements to day to day operating expenses (salaries).
How much gas usage will EVs eliminate?
Saudi Arabia has one of the highest execution rates in the world and it is not slowing down anytime soon.

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Australia vows to back US.
The chinese stae-controlled Global Times said that Beijing should stay neutral and that China would intervenne if the US and South Korea sought to attack North Korea.
What would US and North Korea hostilities might look like.
Is there too much apartment construction or not?
Real Estate debt becoming institutional investor superfood.
JC Penney Q2 earnings off.
White House plans to release tax reform framework.
Chinas economic problems are exactly why its globals influence is expanding.​

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Small business owners with plans to add payrolls in July exceeded those panning to cut jobs.
China is willing to pay the price for new North Korea sanctions.
The attack on the Army base in Venezuela shows the country is on the brink of an un-civil war.
Kashkari says if we want more growth, we either have to have more babies or more immigration.
The electric car boom leads rush to tie up the supply of lithium.
Baby boomers who won't sell are dominating the housing market.
The GOP is talking a mix of temporary and permanent tax changes.
Why millions of people don't have access to their medical records.
Police in three countries arrested 17 people and seized nearly 2 tons of drugs.

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Consumer spending slumps in the UK.
London home rents fall again.
There is no logic to the figure the EU is throwing at the UK.
German Industrial Production unexpectedly slipped in June.
At least 25% of the homes on the Market in Manhattan have cut prices.
Russia will speed up work on reducing its dependence on the US payment systems.
North Korea threatens to retaliate with bigger actions to make the US pay a price for its crime against our country and people.
​Berkshire Hathaway nears $100B in cash on hand.

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Why a Grand Jury?
Australia stops what could very well have been a catastrophic event.
How America dug a $375B pension hole.
Chinese firms say profit margins are squeezed to extremes by rising costs.
ICOs are vulnerable to money laundering and terrorist financing.
Ransomware virus researcher detained in US.
India's Navy is taking delivery of one of the world's stealthiest submarine.
China's annual blackout of Hollywood is hurting movie sales.​

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BOE left rates unchanged.
National price indices for CRE continue to trend upwards.
US planned layoffs fall, while hiring picks up in July.
Amazon's new refund policy will crush small businesses.
The cities where rent hikes leave the most people homeless.
Venezuela's sprial forces the US to confront a $10B issue.
Macron vows millionaire minister will cut French worker rights.
Oil's going once, going twice, gone auctions reveal clues on oil's value.
The competitive immigration application process.
Pakistan democracy at risk.
From Bitcoin to Shitcoin.

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Industrial producer prices in Europe increased 2.5% y/y, down from 3.4% in May.
Germany makes a last ditch effort to save the diesel industry.
The real reason car sales are falling.
Democrats are channeling Trump.
Sheikhs v. shale.
Never going to happen Mr. El-Erain
Oil majors are making more at $52 a barrel than when oil was $100.
Tesla's long-time battery tech director Kelty departs.
China has issued more guidelines on state owned enterprises.
North Korea is too far along in its missile program to stop it.
China says Trump is wrong that it China can fix the problem.
Tillerson tell North Korea, we would like a dialougue with them.
 

 

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Senate Democrats offer Republicans help on tax reform...with conditions.
Euro-area economy continues to chug along.
UK house price growth loses pace.
The BOE rate hike excitement fizzles.
Germany's auto industry is built on collusion.
China will never permit the loss of any piece of land.
Caixin IHS Markit reported PMI up 51.1 after the official guage fell below expectations.
Oil inventories are expected to gain in today's reports.
Strong demand for steel is causing iron ore production to increase.​

Click here to download a pdf of this article, Missile.pdf