Following the Boeing-driven spike, July is landing with a thud back to reality as final data today confirms a 3.3% MoM tumble in factory orders and 6.8% plunge in durable goods orders.
In fact, it gets worse as aggregate factory orders are now back at their lowest level since February...
As goes Boeing... so goes America? (or to put it another way, we're gonna need moar war, baby).
Authored by Adam Andrzejewski via Forbes.com,
Last week, Attorney General Jeff Sessions announced President Donald Trump's plan to distribute military gear to state and local law enforcement agencies.
The rule change means weapons typically reserved for war-time use – tracked armored (tank-like) vehicles, weaponized aircraft and vessels, grenade launchers, bayonets, and firearms with ammunition of .50-caliber or higher – will start flowing to local law enforcement agencies through the Department of Defense’s 1033 Program.
Authored by Michael Snyder via The American Dream blog,
Yesterday morning, with the US closed for holiday but with S&P futures trading modestly lower on the latest set of North Korean geopolitical fears, we asked "is this time different", referencing last week's similar setup, when futures gapped lower on Monday after the Kim regime shot a missile over Japan, only to surge into the end of the week.
Against the constant tirade of US politicians calling Putin and his pals "thugs," a Russian official on Monday called the United States’ shuttering of Russian facilities "state hooliganism."
Reuters reports thAT Russian Deputy Foreign Minister Sergei Ryabkov exclaimed,
"I am inclined to call what is happening state hooliganism."