Image: The Real Supermassive Black Hole
Via the great cartoonist Michael P. Rameriz
Paul Hodges: Chemical Industry Showing Global Slowdown Hasn’t Abated
“You will have deflation across the western world”
The Ten Most Populous US Cities Every Decade Since 1790
By the time of the first official US census in 1790, New York City had become the largest city in the country with a population of just 33,131 people
China Passenger Car Sales Still Falling
Sales from manufacturers to dealers have been down for three months in a row and eight months year-on-year
Jim Grant: Fed’s Low Interest Rates Are Causing Low Inflation
“It was the very interest rates that the Fed imposed that helped to bring on this so called problem”
Brexit Delayed to October: Realistically Speaking, Article 50 Has Been Revoked
The conservative party is committing total political suicide
El-Erian: It’s All About Europe’s Slowdown
“I really worry about Europe and I’ll stress again, the market should pay greater attention to the weakness in Europe”
Markets Have Become Little More than a Flawed Transmission Mechanism for Monetary Policy
The unwillingness of central banks to ‘permit’ markets to accurately reflect slowdowns in the real economy defines this period of abnormal monetary policy
Map: Whether Every Country Imports More from China, the EU, or the US
Replacing Germany with the entire EU makes a huge difference compared to the previous map
In Brief: US Life Expectancy Peaked in 2014
The explosive rise in drug overdose deaths in the US is the primary cause