ECONOMICS

September was an ugly month for Texas with both Manufacturing and Services surveys chock-full of disappointment and stagflationary signals.

The goods news – growth in Texas factory activity resumed in September, according to the Dallas Fed Manufacturing survey, with the production index rebounding a somewhat shocking 20 points to +7.9 – its highest reading of the year.

The bad news – everything else…

As one respondent put it: "The summer funk has not (more…)

By J.M.Phelps of The Epoch Times

A leaked U.S. Office of Naval Intelligence (ONI) slide is garnering concern about the Chinese regime’s continued capability to produce naval vessels at an alarmingly faster rate than the United (more…)

Authored by Daniel Lacalle,

If we search the news from 2007, we can find plenty of headlines with the IMF and the Federal Reserve predicting a soft landing. No one seemed to worry about rising imbalances. The main reason is that market participants and economists like to believe that the central bank will manage the economy as if it were a car. The current optimism about the U.S. economy reminds us of the same sentiment in 2007.

Many readers will argue that this (more…)