WHEN EARNINGS ARE LESS THAN INTEREST EXPENSES (WITHIN A ZIRP REGIME) YOU ARE BANKRUPT! — SOURCE: 07-30-17 Authored by Mike Shedlock via MishTalk.com – “Zombie Corporations Litter Europe, Kept Alive By ECB” — Bank of America says 9% of European firms have subpar interest coverage. Bloomberg covers the story in its report Zombie Companies Littering Europe May Tie the […]
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JUNE AUTO INCENTIVES AVERAGE ~11% – FORCED TO MARCH HIGHER
JUNE AUTO INCENTIVES AVERAGE 11% – FORCED TO MARCH HIGHER –SOURCE: 07-03-17 Automotive News — “Incentives continue march higher as U.S. sales stall” — Incentives represented 11% of average transaction prices in June Automakers are steadily increasing incentive spending, as U.S. light-vehicle sales continue to slow heading into the second half of 2017. ALG reports automakers spent […]
THE STUDENT SERVITUDE SHAM
THE STUDENT SERVITUDE SHAM Many today strongly believe it is morally wrong to indenture students to the degree of liabilities presently required to achieve the education required to become a productive contributor within our modern society. The question we need to demand answers to is why has college costs for students exploded upward, while salaries and job positions for graduates has […]
IN DEPTH: THE REALITY OF A POTENTIAL US RECESSION IS RAPIDLY RISING
THE REALITY OF A POTENTIAL US RECESSION IS RAPIDLY RISING A FIRST TERM PRESIDENT We need to remember that it has been over 7 years since the US had its last recession. This is historically a long time. Also, few realize that normally a first term President faces a recession in his first year in […]
GPI Group 1 Automotive IDEA
The larger pattern on the weekly chart shows a potential double top forming for GPI. The daily chart shows the most recent market movement coming off significant technicals and falling within a channel. Breaking from this channel (orange dashed highlight), up or down, would be a trigger consideration for a move to the next significant […]
SUBSCRIBE TO RICHARD DUNCAN’S MACRO WATCH
An Exclusive Offer 55% OFF an Annual Subscription to Richard Duncan’s MarcoWatch Video Newsletter See offer details below See Richard Duncan in a recent interview … click image to play Macro Watch with Richard Duncan See Richard’s Interviews & Articles on… CNBC, CNN, BBC, The Economist, The Financial Times, Bloomberg TV, McAlvany Weekly Commentary, Financial Sense Newshour […]
WHY THE STATUS QUO IS UNDER INCREASING ATTACK BY ‘POPULIST PEOPLE POWER’
WHY THE STATUS QUO IS UNDER INCREASING ATTACK BY ‘POPULIST PEOPLE POWER’ PROTECTING THE STATUS QUO IS FAILING We need to fully appreciate yet another example of what the mainstream media doesn’t yet get! The “People” increasingly don’t see the system working for them anymore and have as consequence become much more willing to try […]
CAPTAIN TRUMP, SIR – THE USS MAGA IS TAKING WATER!
CAPTAIN TRUMP, SIR – THE USS MAGA IS TAKING WATER! Newly commissioned Captain Donald “Horatio” Trump may possibly be a sound skipper, but he has an untested & unseasoned crew, a fiscal boat with rotten gunnels and a economic storm ahead. His freshly minted battle plan may have been sound when he boarded USS MAGA (Make America […]
THE GREAT ROTATION
THE GREAT ROTATION Democratic Senator Chuck Schumer dejectedly quipped during Fed Chairman Ben Bernanke’s Humphrey-Hawkins testimony before congress in July of 2012: “I’m afraid the Fed’s the only game in town!” Now nearly five years later things may be about to change! The other two policy pillars of Fiscal and Public Policy may be reasserting themselves with […]
A KEYNESIAN CHALLENGE: Prove Deflation is Bad For ME!
A KEYNESIAN CHALLENGE: Prove Deflation is Bad For ME! ‘Mish’ Shedlock and Gordon T Long discuss a number of outstanding issues in 2016 that will become Themes in 2017. ECONOMIC CHALLENGE TO KEYNESIAN’S Mish is quite emphatic that: “of all the widely believed but patently false economic beliefs is the absurd notion that falling consumer prices […]