Month: July 2018

The Economy Just Went Into Overdrive Or Did It

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Durable goods disappoints, the people were not purchasing the big ticket items. Spending on homes dropped, existing, new home purchases declined at a time in the summer when they are suppose to be doing well. The bubble is popping, traffic is drying up. Trump wins trade war with the EU, the reshaping of the central … Read more

Is Facebook Really in Trouble?

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by Daniel Carter Yesterday, Facebook’s stock plummeted nearly 20% after the company missed earnings. It was the biggest one-day loss in market value of any US-listed company ever. This was truly a frantic and radical repricing. But I can’t say that I’m surprised. The storm clouds have been on the horizon for quite some time. Economist … Read more

Three economics lessons I learned from my dad

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Image by iStock.com/annestahl By Ryan McMaken via Mises Wire: As long as I’ve known him, my father has always been the entrepreneurial type. Even now, in his seventies, he picks up side jobs both to keep busy and to have a little extra spending money. Throughout my childhood and youth, he had always been an independent … Read more

Bears Starting To Throw Some Weight Around

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by Dana Lyons On a equal-weight basis, the recent stock rally looks less impressive. Stock bulls have had a nice run of it over the past 4 months. Despite the normal protestations by perma-bears, there was not a whole lot to complain about during the recent rally, until perhaps this week. As we’ve looked at the … Read more

UNION BLUES: New UAW Corruption Scandal Details Implicate Union at Highest Level.

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via thetruthaboutcars: Remember the multi-million dollar corruption scandal involving UAW officials? Apparently, it was even more corrupt than previously reported. While the UAW-Chrysler National Training Center is suing both Fiat Chrysler and the union members involved, recent developments point to the money scheme being greenlit by former UAW President Dennis Williams. As part of a plea agreement filed this week, … Read more