Mike Shedlock
Contributor at Freelance
https://t.co/bwBAtHj9nn On my “MishTalk” blog, I write about global economy. Topics include interest rates, central bank policy, gold, and stocks.
Articles
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6 days ago |
mishtalk.com | Mike Shedlock
GDPNow surged 1.6 percentage points to 3.8 percent on improved import-export data. International Trade in GoodsApril Trade Data Details Balance: Improved from $-162.3 billion to $-87.6 billion, a whopping 74.7 billion improvement vs an expected consensus improvement of 19.3 billion. Imports month-over-months fell from 5.7 percent to -19.8 percent. Exports rose for an upwardly revised month-over-months fell from 2.3 percent to 3.4 percent.
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6 days ago |
mishtalk.com | Mike Shedlock
Hello Elon Musk, you are now 10 million rides behind Waymo. It’s Waymo’s WorldPlease consider the Wall Street Journal, It’s Waymo’s World. We’re All Just Riding in It.Unless you live in one of the few cities where you can hail a ride from Waymo, which is owned by Google’s parent company, Alphabet GOOGL, it’s almost impossible to appreciate just how quickly their streets have been invaded by autonomous vehicles. Waymo was doing 10,000 paid rides a week in August 2023.
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1 week ago |
mishtalk.com | Mike Shedlock
Tariff madness continues. Steel Tariffs Will DoubleInsistent that US manufacturers who use steel will pay still more, especially the auto industry and small businesses, Trump Says Steel and Aluminum Tariffs Will Double to 50%President Trump said he would double tariffs on imported steel, a move he said would bolster the domestic industry and protect U.S. jobs.
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1 week ago |
mishtalk.com | Mike Shedlock
Rockford, Danville, and Peoria are also in the bottom 25 percent. Congratulations (of sorts) to Illinois for Bloomington’s 100% bottom ranking. No other metro area in the nation is worse. Rockford is also notable for negative GDP since 2019. Only 4.4 percent of the nation’s metro areas were worse. Danville, my home town, is in the bottom quartile along with Peoria, and Carbondale.
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1 week ago |
mishtalk.com | Mike Shedlock
Companies stockpiled massive inventories ahead of reciprocal tariffs. What now? The above amusing chart shows the increasing amplitude, in both directions, of Change in Private Inventories (CIPI) over time. Real means inflation-adjusted. This is the second largest inventory build in history. Only pandemic rebuild was larger. Real GDP, Real Final Sales, Real GDIReal GDP grew at -0.2 percent in the first quarter of 2025. Real Final Sales declined 2.9 percentage points in the first quarter.
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The One Big, Irresponsible, Deficit-Increasing Bill Passes the House h/t @nick_bomia @ChrisRossini @AlfredENewman5 @RodDMartin @CounterApologis @tedfrank Did anyone really think Republicans would be fiscally responsible? https://t.co/KHFaPplzUL
Hello @TheMorningSpew2 Let me correct the image for you. 215 Republicans irresponsibly voted to raise the deficit. National debt will rise tens of trillions of dollars. Happy with that honest correction?
Liar.
Existing-Homes Sales Drop 0.5 Percent in May But Supply Soars @tyillc @jlounsbury59 @USRoute41 @FM_NoAlgos @mtmalinen @jimiuorio @JonFraserTF @GratkeWealth @dgsommersmkts The number of homes on the market relative to sales is soaring. https://t.co/DV6hUgdGSL
