Jim Bianco: Real Earnings Growth Down to Around 1.5%
“So far in the first half of 2019, we are going to have rather lackluster growth”
Jeffrey Gundlach: US Construction Sector Layoffs Highest in Roughly 18 Years
“Mortgage applications are down to a level not seen since before the global financial crisis”
Map of the Day: Every Year and Ruler in the History of Egypt
The changing borders and rulers of Egypt from Narner to Abdel Fattah el-Sisi
Image of the Day: House in the Haverwerf
Samuel Prout circa 1823–1851
Taps Coogan: What if China Is Actually Growing Slower and Borrowing More than the US?
Whether China is outgrowing the US, and whether it is more indebted than the US, is a debate that reasonable people can have for the first time in decades
The Busiest Ports in the World
70% of the busiest ports in the world are now in East Asia
US Aid to Afghanistan Could Have Paid Every Afghan Household an Average Salary for 14 Years
The largest recipients of US foreign aid are among the most corrupt countries in the world
Jeffrey Gundlach: The Real Federal Deficit Is 50% Higher than Reported
“In Europe, they have a big kerfuffle because Italy posted a budget deficit of 2.4% of GDP. Here we are running 6%.”
Daniel Lacalle: It’s Not About Rates. It’s About Liquidity
“You’re not going to see increasing money supply and increasing private credit coming just because rate hikes are going to be delayed”
Map of the Day: 4,500 Years of Battles in One Time-Lapse Map
Every one of the nearly 12,000 battles referenced on Wikipedia since 2,500 BC