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The Mexican Peso is plunging once again this morning – very close to all-time record lows – as fears spread that Ford’s decision yesterday may become the norm…     As Bloomberg details, the economic outlook for Mexico remains challenging after disappointing results in 2016....

Dow futures exploded vertically at the cash open – perfectly tagging yesterday’s highs, running stops – before the algos ran out of ammo....

On the last day of calendar 2016, total US public debt jumped by $98 billion, mostly as a result of end of quarter Social Security debt allocation, which...

Submitted by Mike Shedlock via MishTalk.com, Manufacturing jobs have already been decimated by robots. White collar workers are next in line. Fukoku Mutual Life Insurance in Japan is about to replace claim adjusters with a software robot from IBM.  Most of the attention around automation focuses on how factory robots and self-driving cars may fundamentally...

There was some confusion for those trading yesterday’s first session of the year, which started off in euphoric fashion with the Dow Jones printing once again just shy of 20,000, then slumped after crude inexplicably tumbled, prompting even JPMorgan to chime in with the following snyde commentary: “the question isn’t why stocks have come in from their highs...

In an effort to front-run any plans to suggest further problems in US healthcare are due to Republican/Trump meddling, the president-elect tweeted the narrative that should be well understood when it comes to President Obama’s legacy… Republicans must be careful in that the Dems own the failed ObamaCare disaster, with its poor coverage and massive premium...

A LIRR train has derailed in the Atlantic and Flatbush Avenue area of Brooklyn, with initial reports suggesting 32 people were being treated for injuries. The derailment happened at the Atlantic Terminal according to NBC and WPIX11. Pictures on twitter showed the derailment took place on track 6, and that the train was tipped slightly at an angle. My #LIRR train crashed...

Submitted by Charles Hugh-Smith via OfTwoMinds blog, An economy that only serves the prosperity of the protected top 5% is an economy doomed to rising...

WikiLeaks is offering a $20,000 reward to anyone who exposes the destruction of “significant records” by a member of the Obama administration. In a tweet on Tuesday evening, Wikileaks said “We are issuing a US$20,000 reward for information leading to the arrest or exposure of any Obama admin agent destroying significant records,” however, it has not explicitly...

While Yuan rallied following last night’s trial balloon by the PBOC – when as reported overnight the PBOC was studying possible scenarios of...