Recession Signal As Consumers Struggle To Pay Bills

Bahrain is in revolution. Since February 28 — the day US and Israeli strikes ignited the region — Saudi armour is said to be rolling in to crush it. You will not see this on CNN. For three decades Washington told you the missiles are for the people (we have to commit mass murder to […]

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...