Economic Outlook

Business Investment is Down With Unexpected Drop in Durable Goods Orders

New orders for durable goods, designed to last more than three years, fell -1.1% in September, indicating softening business investment. This represents a big miss in orders which were forecast at a -0.2% drop. Thursday’s report from the Commerce Department indicates an ongoing trend in business spending, with the decline is likely a result of the ongoing trade war between China and the United States.

The latest Commerce Department report indicates that business investment continues to soften due to uncertainty around the trade war. Businesses are planning to spend less on equipment, indicated by a -0.5% drop in non-defense capital goods excluding aircraft (core capital goods orders).  Demand for transportation equipment, motor vehicle parts, and computer and electronic products fell last month…CLICK for complete article

Who Doesn’t See the China Threat at This Point?

Daryl Morey had no idea the tweet he published on Oct. 4 would ignite a firestorm that continues to rage.

But that’s exactly what happened.

Morey is the general manager of the Houston Rockets, in one of the world’s most popular sports leagues: the National Basketball Association (NBA).

The tweet that Morey sent out into the social media world was simple. It contained none of his own typed words; it merely displayed an image.

That simple image, with the words “Fight For Freedom, Stand With Hong Kong,” ignited a firestorm and called attention to a dynamic that had been working quietly beneath the surface.

And that dynamic is how China has been positioning itself for economic and cultural dominance.

China presents a vast market that has many U.S. companies wishing for unrestricted access. The NBA is hardly alone in this regard. But few Western corporations have so solidly joined themselves at the hip with China the way the NBA has.

This is why the American people were treated to the startling sight of prominent NBA players and coaches stuttering and mumbling their way through interviews when asked to comment on China’s atrocious human rights record—something that has taken center stage again recently because of the Hong Kong democracy protests, as well as a video of hundreds of blindfolded Uyghurs being shipped off to a detention facility….CLICK for complete article

They Don’t Want You To See This Film

Vivian Krause is Canada’s best investigative journalist (Robert Fife and Terry Glavin honourable mentions).  Her tireless efforts churning through thousands of pages of US tax returns revealed the extent of US involvement in the opposition to Alberta oil and every proposed pipeline. Her new documentary Over A Barrel is a must see and you can do that for free until the end of the month.

Is The Pot Stock Boom Over Already?

With Mexico on the brink of legalizing recreational marijuana, you would think it would be great news for the cannabis industry, but stocks are getting crushed, and some of the biggest industry darlings are even flirting with penny stock status at this point.

This industry is forecast for growth that could generate some $200 billion in annual sales by 2030. So what gives?

The general consensus is that cannabis–at large–is a great long-term bet, but….CLICK for complete article

Climate Change That Ignores History

Climate has ALWAYS changed from decade to decade.  There were major swings (volatility) during the 1930s. You had the dust bowl during the summer and in 1936 you had record cold. The 1936 North American cold wave, which also hit Japan and China, still rank among the most intense cold waves in the recorded history of North America. You cannot blame this on soccer moms driving the kids around town burning fossil fuels. Cars were a luxury in the 1930s still.

There is just no evidence of human-induced climate change. There is nobody willing to call them out on this nonsense with just showing the dramatic swings in temperature over the centuries.

Here is a piece that appeared in the Weekend Australian on the covert issues behind the curtain….CLICK for complete article

How Technology is Disrupting the Construction Industry

This fascinating infographic from Visual Capitalist perfectly illustrates how early adopters in the construction sector are benefiting from emerging technologies ~ed.

The rate of digital disruption is escalating in almost every industry. However, despite being one of the fastest-growing industries globally—construction has been one of the last to get hit.

Today’s infographic from Raconteur ranks the adoption of emerging technologies that will have a major impact on the industry’s processes and bottom line. The technologies help solve four major challenge areas that the construction industry struggles with: productivity, safety and training, labor shortages, and collaboration.

Which technologies could improve the lives of industry workers, and which technologies may pose a threat to their…Click here for full article.