ECONOMICS

Authored by Mike Shedlock via mishtalk.com,

The great escape from Blue states to Red states continues in 2023.

California, New York, (more…)

Javier Milei's honeymoon is over.

Two months after libertarian firebrand Javier Milei was elected president of Latam basket case Argentina, pledging to overhaul the economy and openly warning a period of brutal austerity and pain is coming, the initial euphoria is fading fast and is being replace with the shock and horror of what comes next. And sure enough, in the biggest show of resistance to date against Milei, Argentinian workers on Wednesday took to the streets for a general (more…)

Regional factory activity in the Tenth District of the Kansas City Fed declined sharply in January, with production and new orders plunging but prices paid soaring.

The headline index tumbled from -1 to -9 – a contraction was driven more by durable goods manufacturing, particularly nonmetallic mineral and primary metal manufacturers.

That was the 16th straight month without a positive (expansionary) print.

Under the hood it was a bloodbath…

With prices (more…)