"Doom Loop" Engaged: US Debt Hits $40 Trillion As Treasury Enters The Endgame

US Industrial Production Disappoints (Again) In June US Industrial Production rose just 0.1% MoM in June (less than the 0.2% MoM rise expected), after also disappointing in May. That slowed the annual growth in production from 1.6% YoY to +1.1% YoY... The recent blip higher in Capacity Utilization faded last month (76.1% vs 76.2% exp) with the down-trend seemingly still in tact... If 'soft' survey data is in any way predictive of reality, then we should be seeing a sizable trend higher in industrial production... ...or maybe it's just another useless sentiment signal. ...

The Market's Biggest Buyer May Be Disappearing Submitted by QTR's Fringe Finance Yesterday, as part of laying out the two paths I can see the economy taking, I wrote that beneath the surface, the American consumer is tapped out. The average consumer - AKA the "retail investor" - has been a key in driving the stock market higher the past half decade. This morning, I noticed two reports that came out yesterday that add to the conclusion that this "retail investor" looks increasingly broke.  Yesterday The Wall Street Journal highlighted how rising prices and the highest...

Max'd Out Again: FAA Proposes Inspections For Hundreds Of Boeing 737 Planes Over Seat Installations Authored by Naveen Athrappully via The Epoch Times, The Federal Aviation Administration (FAA) is proposing an inspection of hundreds of seats installed in Boeing 737 Max aircraft due to safety concerns. The FAA proposed adopting a new airworthiness directive for three 737 Max models—737-8, 737-9, and 737-8200, the agency said in a notice published in the Federal Register on July 27. An airworthiness directive is a legally enforceable regulation issued by the FAA to correct what it deems...