ECONOMICS

And to cap a day of serially ugly US macro data, factory orders unexpectedly plunged (-0.5% MoM) in May (against expectations of a 0.2% rise and worse still April was revised lower)…

Source: Bloomberg

The YoY rise in factory orders is just 0.9%… and remember that is nominal… So in reality factory orders are tumbling on a YoY real basis.

After three strong months, Core Factory Orders also dropped (tumbling 0.7% MoM)…

Source: Bloomberg

Is this (more…)

Authored by Mike Maharrey via Money Metals,

A colleague recently discovered a website called "WTF Happened in 1971?"

The entire main page is filled with charts and graphs. All of them show some kind of significant shift beginning in 1971. There are over 75 of them!

Here are just a few examples:

Here is some more data from graphs on the website:

• African-American incomes virtually stopped catching up to (more…)

By Noi Mahoney of FreightWaves

A cross-border trucker-led convoy will be rolling through parts of West Texas on Monday to spotlight everything from violence against drivers, low wages to poor working conditions in both Mexico and the U.S., organizers said.

“Truck drivers from Mexico are routinely used to push down the wages and working conditions of American truck drivers,” said Jesus Chuy, a Mexico-based trucker. (Photo: Jim Allen/FreightWaves)

The convoy — a joint action (more…)