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This Is Where The Next Recession Will Start: An Epidemiological Study
Submitted by Nicholas Colas of DataTrek US recessions are like epidemics: they all begin somewhere, and the “tell” is state-level unemployment data. For example, the end of the 2000 dot com bubble hit Connecticut and Massachusetts first – two hubs for the financials services industry with lots of affluent investors to boot. The end of… Read More
Iran Offers Nuclear Deal If US Lifts Sanctions; Oil Tumbles
Who knew Rand Paul could be such an effective negotator. One day after the Republican senator and son of Ron Paul was reported to be Trump’s liaison to negotiate with Iran in hopes of easing tensions, sending the price of oil tumbling, the Guardian report that Iran has offered a deal with the US in which… Read More
UPDATE 4-Golf-Holmes sets pace as McIlroy cards nightmare 79 at Open
* McIlroy starts with quadruple bogey * Holmes clubhouse leader on five-under 66 * Relentless Koepka two shots behind (Adds quotes, details) By Simon Evans PORTRUSH, Northern Ireland, July 18 (Reuters) – Rory McIlroy’s British Open hopes were in tatters after a first-round horror show at Royal Portrush on Thursday ended with the home favourite… Read More