WarMachines.com

Industrial War Machine Complex – Buy Bitcoin Defeat Corrupt Governments Everywhere!!


WarMachines.com

Archives by tag

Final Q3 GDP Revised To 3.2%, Highest Since Q1 2015

In the third and final estimate of Q3 GDP, the US economy eased back fractionally from last month’s “hot” 3.3% print, and as a result of a modest decline in Personal Consumption from 1.60% to 1.49% (in the GDP calculation) as well as net trade, the final GDP print came in at 3.2%, down slightly […]


Michael Hudson: America’s Monetary Imperialism

Authored by Michael Hudson via Counterpunch.org, In theory, the global financial system is supposed to help every country gain. Mainstream teaching of international finance, trade and “foreign aid” (defined simply as any government credit) depicts an almost utopian system uplifting all countries, not stripping their assets and imposing austerity. The reality since World War I […]


Q3 GDP Revised Up To 3.3%, Highest In 3 Years

After the BEA estimated that US GDP rose an already impressive 3.0% in Q3, moments ago the Department of Commerce revised its estimate for third quarter growth to 3.3% annualized, higher than the 3.2% print expected, the highest since the third quarter of 2014. On a Y/Y basis, GDP rose by 2.3%, the highest since […]


How Economics Failed The Economy

Authored by Umair Haque via Eudaimonia blog, When, in the 1930s, the great economist Simon Kuznets created GDP, he deliberately left two industries out of this then novel, revolutionary idea of a “national income”: finance and advertising. Don’t worry, this essay isn’t going to be a jeremiad against them, that would be too easy, and […]


“If You Want To Get Rich…Climb Into A Time Machine”

Authored by Charles Hugh Smith via OfTwoMinds blog, There's a profound difference between assets that produce no income and those that produce net income. To those of us nutty enough to pore over dozens of pages of data on wealth and income in the U.S., the Federal Reserve's quarterly Z.1 reports and annual Survey of […]


Q3 GDP In Question As Inventories Stumble In September

While excuses will fly  – "it was the storms" – which apparently did not interfere with massive beats in housing data, the wholesale and retail inventory data stumbled hard in September. The prints were considerably worse than expected and throw more shade on Q3 GDP growth expectations.   Retail Inventories tumbled 1% MoM in September […]


America is in Worse Financial Shape than Russia or China

Kotlikoff: America in Worse Financial Shape than Russia or China Written by Peter Diekmeyer, Sprott Money News    America’s 2017 fiscal gap will come in near $6 trillion, nine times higher than the $666 billion deficit announced by the US Department of the Treasury last week, says Laurence Kotlikoff, an economics professor at Boston University. […]


We Are Already In Depression (If Borrowing Money Is Not Income)

Via Baker & Company Advisory Group, The U.S. economy is not as solid as it appears. Statistical anomalies hide profound weakness. I will examine actual GDP and actual employment. Warning: not for the faint of heart. Do you consider debt as income? Before you answer that, let’s perform a thought experiment. Imagine that you had taken […]


Final Q2 GDP Comes In At 3.1%, Higher Than Expected

With just two days left until the end of the third quarter, what happened in Q2 will hardly provoke a market reaction, which is why when the BEA announced that the final Q2 GDP print was revised from 3.0% to 3.1%, (or specifically from 3.049% to 3.06%) it hardly inspired a move in risk assets, […]


Wholesale Inventories Surge As Plant-Shuttering-Automakers ‘Stock Up’

Wholesale Inventories jumped 1.0% MoM in August, the fourth consecutive build in inventories in a row and the fastest monthly build since Nov 2016. This is the fastest annual growth rate for inventories since June 2015 as it appears producers embrace the idea that ‘if they build it, they will come’. Perhaps most notably, motor […]


Yellen “Does Not Fully Understand Inflation” So Here It Is Explained In Just One Chart

In what has been the most stunning admission by Janet Yellen so far during her press conference, the Fed Chair said that “we don’t fully understand inflation” and added that the “shortfall of inflation this year is more of a mystery.” With all due respect, it’s not. But since the Fed is often confused, we […]


How Harvey And Irma Will Slam The US Economy: A Complete Walk Thru From BofA

Last week, before the full devastation from Hurricane Harvey was unveiled, Goldman and JPM were the first banks to suggest that the storm’s impact on US GDP would be modest: a slight decline in Q3 growth,  offset by a similary modest rebound in Q4 and further as emergency funds “trickled down” through the economy. Now, […]


Wholesale Inventory Ratio Jumps To Highest Since November As Sales Slide

Wholesale Sales has fallen for 4 of the last 5 months with July sales dropping 0.1% MoM from June. While sales dropped, inventories surged 0.6% MoM, pushing the inventory-to-sales ratio to 1.30x – the highest since before the election (Nov 2016). Year-over-year inventories growth is the highest since September 2015 as Sales growth slows…   […]


Crashing Dollar Sends European Stocks, US Futures Reeling; Yuan Has Best Week On Record

European stocks dropped, Asian and EM market rose, and S&P were lower by 0.3% as investors assessed the latest overnight carnage in the USD which plunged to the lowest level since the start of 2015, sending the USDJPY tumbling to 107, the euro extending gains to just shy of $1.21 and a slowdown in China’s […]


Why We’re Doomed…

Authored by Charles Hugh Smith via OfTwoMinds blog, The point is the present system cannot endure. Despite all the happy talk about "recovery" and higher growth, wages have gone nowhere since 2000–and for the bottom 20% of workers, they've gone nowhere since the 1970s. Gross domestic product (GDP) has risen smartly since 2000, but the […]