Labor

After Ford scrapped plans for a new facility in Mexico and continues to flood the White House with press releases detailing normal course capital expenditures to be made on domestic plants, investments that would have been made irrespective of their outsourcing ambitions, it seems as though economics are making a comeback in  guiding the capital allocations of other companies as 'outsourcing' is once again picking up steam among American companies.

Chicago's pension funds, along with several other large public pensions around the country, are in serious trouble (we recently discussed the destruction awaiting our financial markets here: "Are Collapsing Pensions "About To Bring Hell To America"?"). 

The problem is that the pending doom surrounding these massive public pension obligations often get clouded over by complicated actuarial math with a plan's funded status heavily influenced by discount rates applied to future liability streams. 

Authored by Michael Snyder via The Economic Collapse blog,

Things are going from bad to worse in Brazil where, contrary to what the stock market suggests, the economy continues to disintegrate.

The good news - another 'soft' survey data item inches to a new post-Trump high as Chicago PMI rises to 57.7 - highest since Jan 2015. However, the bad news is that exuberant hope is not translating into hard reality as the employment sub-index collapsed into contraction.

The 57.7 print beat expectations of a modest decline to 56.9, but the employment component crashed from 57.7 to 49.9 - into contraction.

Business barometer rose at a faster pace, signaling expansion