It is the 22nd of October 2019

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In Call With Saudi King, Trump Condemns Iran For Houthi Missile Attack

After the latest ballistic missile attack on Saudi Arabia by Yemeni Houthi rebel forces on Tuesday, President Trump and Saudi Arabia's King Salman agreed in a Wednesday phone call to take concrete action toward holding Iran accountable, which both countries have blamed for the attack. 

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Inflation is no longer in stealth mode

  • IHS Markit index shows UK households pessimistic about finances for 2017-208
  • UK household finances remain under intense pressure from rising living costs
  • 58 percent of respondents expected higher interest rates in 12 months time
  • Inflation in the United Kingdom currently at near four-year high
  • Prices up prices by 2.9pc year-on-year, biggest annual increase since June 2013
  • In May consumer spending in the UK fell for the first time in almost four years

By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. John Maynard Keynes, The Economic Consequences of the Peace (1919)

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Here Are The "Costanza Trades" Of 2017

In what, for the past seven years, has been an upside-down investing world where the opposite of what financial and economic theory - and certainly consensus - suggests should happens with centrally-planned regularity, what better trading recommendation list than one focusing on the "Costanza Trades" for the year ahead.

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Peak Autos? - Increasing Light Vehicle Useful Life Is Disastrous For Auto OEMs

IHS Markit today released their annual study on the average age of light vehicles registered in the U.S..  As expected, the average fleet age continues to tick up and currently stands at 11.6 years.  While this may be great news for consumers, higher quality and longer useful lives can have a detrimental impact on annual auto sales.

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