World Economic Fuck'em

Core US Factory Orders Better Than Expected In December While sentiment is sagging to multi-year lows, 'hard' data is helping support growth forecasts (GDPNOW) and holding stocks at record highs. This morning we get a fresh glimpse at America's manufacturing segment - hard data - with Orders data (which is expected to drop MoM in December). After surging higher in November (+2.7% MoM), analysts expected US Factory Orders to drop 0.6% MoM in December but the actual print disappointed, dropping 0.7% MoM Source: Bloomberg Interestingly, Core Factory Orders rose 0.4% MoM - better than...

Why Are They So Obsessed With This? Authored by Steve Watson via Modernity.news, As NASA’s Artemis II mission — the first crewed flight around the Moon in over half a century — gets underway, some in the media couldn’t resist injecting race into humanity’s greatest technical achievement. Instead of celebrating the engineering triumph and the daring crew pushing the boundaries of exploration, certain outlets fixated on skin colour and “representation.” This is the same crowd that claims to champion science, yet they reduce every milestone to identity politics. A Sky News reporter declared that the...

It appears the main topic of discussion at Wednesday’s meeting between Donald Trump and Bibi Netanyahu was Iran’s ballistic missile program. It really was not a discussion… Instead it was Bibi, with his advisers, trying to sell Trump and his team on the necessity of ending Iran’s ballistic missile capability. Why the emphasis on those […]