New home sales revisions yesterday were exceptional. I created a new chart to show the

GM and Ford are scaling back on EVs in favor of more gasoline-powered cars

Republican and Democrat opposition is mounting against Nippon, a Japanese firm, from buying U.S. Steel

Home builders finally ran out of incentives or consumers finally got fed up with what

Factoring in revisions, pending home sales remain at a record low level according to the

Let’s check in on the progress of the US trade war with China that

The answer to the question appears to be yes, starting October of 2023. Six pictures

A Mish consortium to buy TikTok is coming. How soon? As soon as Elon Musk

Economic activity in the services sector contracted in April for the first time since December

Homeowners say their new homes built by D.R. Horton are practically falling apart.

The WSJ tested 5 chatbots: OpenAI’s ChatGPT, Microsoft’s Copilot, Google’s Gemini, Perplexity

Caution. Every time I suggest consumers may throw in the towel, it hasn’t happened

The US stock markets are all at record highs, gold is at a record high

For many reasons, the Fed will struggle to contain inflation. This is part one, deficit

More weakening: Real (inflation-adjusted) Income and spending was negative in April. The PCE price

New Home Sales plunged. And the Census Department completely revised away last month’s fictional

It’s been a tough year for US Treasury bulls. The rally that began in

Two Atlanta Fed GDPNow measures took a 0.8 percentage point dive on May 31. Let

Continued claims also show rising economic weakness. Some say it’s just California. Let’s