ECONOMICS

By John Gallagher of FreightWaves

Deaths resulting from large-truck crashes where newly licensed drivers are involved continue to rise, according to recent government data, but a proposed safety requirement that could help reduce those deaths will likely be delayed again.

The percentage of fatal large-truck and bus crashes involving new-entrant carriers climbed from 4.6% to 7.4% from 2017 to 2022, according to a snapshot of Federal Motor Carrier Safety Administration data taken (more…)

Authored by Mike Shedlock via MishTalk.com,

Stanley Druckenmiller says the Fed should get rid of forward guidance and just do their job.

I totally endorse a view by Stan Druckenmiller, the Fed Should Stop Forward Guidance.

Partial Video Transcript

Squawk Box:

Druckenmiller:

Squawk Box:

Druckenmiller:

The Fed is Uncertain About Uncertainty, So Why the Forward Guidance?

On September 22, 2023, shortly before the Fed’s pivot, I asked The Fed is (more…)

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…)