By Robert Romano The global economy took a major hit on Aug. 31 when the seventh-largest shipping company in the world, South Korea-based Hanjin Shipping, filed for bankruptcy protection in the U.S. Hanjin represents about 8 percent of the volume of all trans-Pacific trade , meaning its loss threatens to severely interrupt global supply chains. Billions of dollars […]

By Robert Romano Everybody knows that interest rates are low, and have been in decline for over three decades. For example, in 1981 the 30-year fixed rate mortgage peaked at 16.63 percent. In 2015, it was down to 3.85 percent. On Sept. 9, according to Bankrate.com , the […]

By Rick Manning September of 2008 is the month that marked the freezing of the nation’s capital markets and the politically disastrous bank bailouts that helped sweep Barack Obama into the White House a few short weeks later. The nation’s workforce has changed since the banking system […]

By Robert Romano “[T]he idea is the lower the interest rate the better it is for investors.” That was Federal Reserve Vice Chairman Stanley Fischer on Bloomberg TV attempting to put a happy face on negative interest rates, promising based on a very narrow historical dataset — negative interest rates have only been attempted on a large scale […]

By Robert Romano As originally published at https://www.investors.com/politics/commentary/economic-growth-stalls-at-wrong-time-for-hillary/ “The truth is, those looking overseas for growth opportunities are the smart ones, because if we have another four years like President Barack Obama’s past eight, you’d have to be an idiot to invest in America with this assault on […]

By Rick Manning As originally published at http://www.investors.com/politics/commentary/macys-leads-parade-of-bad-economic-news-for-hillary/ Macy’s just announced that they are closing 14% of their stores next year in an attempt to turn their company around. What is stunning is that the Thanksgiving Day Parade-sponsoring retailer only made $11 million off of $5.87 billion in revenues . This means that in the second […]

By Rick Manning As originally published at http://thehill.com/blogs/pundits-blog/economy-budget/291189-obama-lied-real-wages-died Negative 4.6 percent ! That is the difference between the 4.2 percent real hourly wage increase that the Obama administration’s Bureau of Labor Statistics (BLS) claimed American workers enjoyed at the end of the first quarter of 2016, and the revised reality of […]

By Rick Manning As originally published at http://www.breitbart.com/2016-presidential-race/2016/08/09/trump-detroit-speech-separates-gop-wheat-chaff/ Donald Trump’s speech before the Detroit Economic Club was an economic conservative tour de force and there is no longer any excuse for anyone who claims to be a believer in free enterprise and limited government to not support the […]

By Robert Romano In the U.S., we used to take economic growth for granted. From 1947 to 2004, it averaged an inflation-adjusted 3.45 percent growth a year , according to the Bureau of Economic Analysis. But that was then. Now growth is almost impossible to find. The economy has not grown above 4 percent since 2000 […]

By Rick Manning U.S. Rep. Candace Miller (R-Mich.) released a letter on August 1 signed by five other GOP supporters of the fast track trade authority urging President Obama to not submit the enabling legislation to Congress during a lame duck session. Calling a “lame duck” consideration of […]