Author: bitcointalk

By Bas van Geffen, senior macro strategist at Rabobank

In the land of the blind, they say, the one-eyed man is king. We have often accused Europe of being blissfully unaware of the shifting tectonic plates on the geopolitical sphere, but the eye patch that German Chancellor Scholz has to wear following an unfortunate accident while jogging has so far failed to give him the clarity that many of his European counterparts still seem to lack as well. While the Chancellor was busy soliciting (more…)

The Fed's latest beige book released this afternoon was a rather boring affair, one signaling US economic growth was "modest" during July and August.

What was most interesting within this drab big picture, was the divergence within consumer spending, where according to the Beige Book, "consumer spending on tourism was stronger than expected, surging during what most contacts considered the last stage of pent-up demand for leisure travel from the pandemic era." (more…)

By Carolina Worrell of Railway Age

“August was the third straight month in which total year-over-year U.S. rail carloads have fallen,” Association of American Railroads (AAR) Senior Vice President John T. Gray reported on Sept. 6. Total combined U.S. traffic for the first 35 weeks of 2023 was 16,173,208 carloads and intermodal units, a decrease of 4.9% compared to last year.

Gray said that a major reason why is that “other than automotive manufacturing, the industrial (more…)