Submitted by Michael Shedlock via MishTalk.com,
Protectionists are on the cusp of a “Pyrrhic victory” over China.
No one will like the results when it happens.
A huge global trade war is on the horizon, regardless of whether Hillary or Trump wins the election.
The die is cast: US Steel Given Green Light to Seek China Import Ban.
A reader sends in this Sarah Carr article from Slate, talking about how schools are changing and will have to change to accommodate the fact that whites will be a minority in the US. It’s already the case that whites are a minority among the school-age population, she says. Excerpts:
Gold prices surged nearly 3% after the very poor jobs number on Friday, have maintained those gains and appear to be consolidating as concerns about the U.S. economy and BREXIT deepen.
Gold Prices in USD – 1 Week (GoldCore)
Gold was marginally higher yesterday and 2.7% higher last week breaking a run of recent weekly losses and a 5% loss in May.
For the second quarter in a row, US worker productivity fell in Q1 (down 0.6% QoQ). Outside of 2015's weather-driven debacle, this is the weakest two quarter tumble in productivity since Q4 2012. Unit labor costs rose 4.5% QoQ in Q1 (revised up from 4.1%) as output actually fell 0.6% (implying a 3.9% rise in compensation). This is the 3rd quarterly drop in output in a row.
Must be the weather...
Forget BTFD... BTFATH is back.
A relentless stream of selling by Bank of America's "smart money" clients stretching for over 4 straight months, or 18 consecutive weeks, is finally over. As BofA's Jill Carey Hall reports, last week, during which the S&P 500 was flat from the prior week, BofAML clients were net buyers of US stocks for the first time in 19 weeks, breaking a record-long selling streak that began in mid-January.