A.I., Jobless Slaves: Dockworkers Protest Driverless Cargo Trucks at Port of L.A. California

https://www.youtube.com/watch?v=VGtMR0d5Mjo Mary Greeley News – A fierce struggle over automation has erupted at the Port of Los Angeles, as local union officials representing some 12,000 dockworkers demand that one of the world’s largest shipping firms abandon a plan to introduce driverless electric cargo trucks. https://marygreeley.com/?p=83204    

How Lumber Lost Its Mojo as Economic Indicator

by Tom McClellan For years the price of lumber futures has been a pretty good leading indicator for a variety of economic data, especially the series related to the housing market.  But recent events have caused lumber to not be a good leading indicator.  It is likely just temporary, and hopefully lumber will get back to … Read more

Worsening Inventory Pileup Rattles Goods-Based Economy

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter And how it compares to what happened during the Financial Crisis. The goods-based segment of the economy is heading for rough waters, and it is further diverging from the path of the services-based segment of the economy that is still growing at a solid rate: that’s what the current inventory pileup … Read more

BREXIT: May’s Magnificent Seven

by John Ward Just when you thought Brussels had petulantly shot itself in the foot, details began to emerge this evening of a Seven Card Trick designed to convert the soft (and struggling) Withdrawal Agreement into pure BRINO – Brexit in Name Only. The Slog examines the slow poisoning of Sovereign Brexit.  ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ Wishfully Unthinking Theresa … Read more

Eric Swalwell MELTDOWN on CNN over BARR/ NO RUSSIAN COLLUSION

Swalwell just had a total meltdown on CNN. 😂😂😂 — Ryan Van Sickle (@Ryan_VanSickle) March 22, 2019 Here’s the CNN livestream. Watch them melt in real-time. You can rewind the livestream 35 minutes and see Swallwell. It might not work on mobile though. HERE IS THE REPORT! https://twitter.com/JackPosobiec/status/1109217619213717504/photo/1 Office of Special Counsel Mueller shutting down. … Read more

Why Socialism ALWAYS Fails: Political Iatrogenics & Causal Opacity

by Spencer P Morrison, NEE From Political Iatrogenics: Socialism is a political philosophy predicated upon interventionism.  It’s all about taking action.  Doing.  Unemployment?  Create jobs.  Poverty?  Provide welfare.  High rents?  Impose rent controls.  Socialism is popular because it appeals to one of mankind’s most powerful psychological biases.  Sadly, socialism is also often little more than an exercise … Read more

Fed Rate Hike Forecast and Trade Tariff Talks Increasing Market Uncertainty

From Birch Gold Group Only two and a half months ago, the Fed signaled two rate hikes for 2019. But the Powell-led Fed appears confused because they’ve just adjusted that forecast to zero. They also forecasted the end of its “QT” (quantitative tightening) balance-sheet runoff by September 2019. According to a CNBC article, the Fed is giving the market … Read more

NYSE Index Suggesting The Top Is In

by Kimble Charting Is a very broad stock index suggesting that a top is in play? What this index does to close this week should go a long way to answering that question! This chart looks at the NYSE Index on a weekly basis over the past 4-years. Over the past 15-months, it has created a series of … Read more

Kittitas deputy killed by illegal alien in sanctuary Washington state

by DCG The deputy is permanently separated from his wife, three childrenand family and friends. Washington state governor Jay Inslee made Washington state a sanctuary haven for illegal aliens in 2017. As reported by MyNorthwest.com: A deputy with the Kittitas County Sheriff’s Office was killed in the line of duty Tuesday evening in the City of Kittitas.Immigration and … Read more