Submitted by Mish Shedlock of Mish Talk
Class 8 Truck Orders Plunge 39%; Large Truck Sales vs. Recessions
Class 8, “heavy duty” truck orders are down 39% from a year ago.
First, let’s take a look at the reports, then we will take a look at what this may mean for the economy.
Class 8 Truck Orders Plunge 39%
The Wall Street Journal reports Truck Orders Fall in April.
Ahead of the most important macroeconomic event of the week, US nonfarm payrolls (Exp. +200,000, down from 215,000 and following a very poor ADP report two days ago), the markets have that sinking feeling again.
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
I simply cannot stress enough how important Greece is to freedom, liberty and civilization across the globe. Greece is not a one-off, or merely a small nation in big trouble that holds little relevance for the rest of us. Greece is everything.
Today the IRS published the latest figures on renunciation, showing that yet another 1,158 Americans have renounced their citizenship in the first quarter of 2016.
While this may not be setting a record for a single quarter, the trend is quite clear.
Source: SovereignMan.com
The frenzied trading that smashed Chinese commodity markets through the roof in the last month has begun to unfurl rapidly as authorities crackdown on the speculative fever and force exchanges to curve excess 'churn'. Of course, there are still some who cling to the belief that any of this was 'real' demand, real buying, and real economic growth (just don't look at The Baltic Dry in the last few days) but, as Bloomberg reports, it was nothing but "churn baby churn" as trading volume exploded but open-interest remained flat.