Bank CEOs Says Robots Can Replace Half of Citigroup and Deutsche Bank Employees
Investment bank CEOs believe machines will take over ‘lower-value tasks’. 50% of employees are at risk.
Chinese Tariff List Translated, 545 Items: US Farmers and Automakers Clobbered
I ran China's 14-page, 545 item tariff list through a translator.
Google Ad Revenue Increases, Competitors Drop, After EU's New Privacy Rules
The EU is targeting Google. Preliminary results show one part of the plan has backfired already.
Debt-to-GDP Ratios Dramatically Understate the Debt Problem
Reader Lars writes Debt-to-GDP ratios understate the true nature of the problem. He uses Greece as an example.
Housing Peak? Existing Home Sales Drop 2.5%, Down Year-Over-Year Second Month
It's looking increasingly likely that housing has peaked this cycle. Year-over-year sales are down the second month.
Visualizing Trump's Trade Flip-Flops On Actual Shipping Routes
The bulk carrier RB Eden changed course twice thanks to Trump's trade reversals. A third time may be in the works.
Germany Accuses Italy of "Debt Blackmail": Hello EU, Time for Reform Expired
For 10 years, the EU and EMU promised reform. None was delivered. Time is Up. Populists have taken control of Italy.
Economic Recovery in Italy: NY Times vs. Alhambra Investments' Zombification
There's an illusion underway that Italy is in an economic recovery. Close inspection reveals something else.