North America

Authored by Mike Shedlock via MishTalk.com,

Corporate CEOs, French and German leaders, and the general crowd of Al Gore brainwashed global warming fearmongers are up in arms over Trump pulling out of the Paris Global Warming Accord.

The Financial Times reports G7 Allies Lead Anger at Trump’s Exit from Paris Climate Agreement.

French President Emmanuel Macron issued a video statement in English urging US scientists to relocate to France.

Heads of Germany, France, Italy Issue Joint Statement

One month ago, we first presented several striking charts and observations from Credit Suisse's retail analyst, Christian Buss, who showed the extent of the devastation sweeping through the US retail sector.

To be sure, while the mass shuttering of retail stores - just today Michael Kors announced the company would close up to 125 full-price retail stores - has been a recurrent topic on this website as shown in the chart below...

One week ago, when looking at the latest Fitch forecast of retailers most likely to file for bankruptcy next, we listed the hundreds of store closures already announced in 2017 between various bankrupt and still solvent retail chains.

Submitted by Jeff Thomas via SWPCayman.com,

"If your gold is outside the US, it gives you another degree of insulation should the United States decide that you shouldn’t own it — it's not a reportable asset." - Doug Casey, May 2017

Having admitted in March that "used car prices will drop for years" and amid near-record inventories,  a so-called 'plateau' in car sales, and soaring auto-loan losses, WSJ is reporting that Ford is planning substantial cuts to its global workforce amid CEO Mark Fields’s drive to boost profits and address the auto maker’s sliding stock price, according to people briefed on the plan.

With near record high inventories of 3.9 million vehicles...

Demand tumbling...