ECONOMICS

The first quarter Fed's Senior Loan Officer Opinion Survey (SLOOS) – the one place where every three months investors go to find information on changes to both loan demand and bank lending tightness – was released and revealed more of the same: despite daily propaganda of economic improvement, the SLOOS found that more US banks reported stricter credit standards in the first quarter, while loan demand declined. As a reminder, without ease credit and without rising loan demand, it is (more…)

Ten years ago this week, we posted one of out most viral stories, highlighting the over-capacity in the auto industry:  "Where the World's Unsold Cars Go To Die," which highlighted the 'endgame' of automakers' 'channel stuffing' efforts to disguise the sudden lack of demand for all the exciting new models that they had forecast would boom to the moon…

And now, as MishTalk's Mike Shedlock reports,  we are seeing similar pictures across Europe…

"Some are parked here for a year, sometimes more."

Le (more…)

Authored by Tom Ozimek via The Epoch Times (emphasis ours),Tesla CEO Elon Musk has sounded the alarm on the Biden administration’s massive deficit spending, warning that unless steps are taken…