Crunching the numbers on today’s inflation

By Rodney Johnson I recently had dinner with my extended family. Afterwards, my parents mentioned they were surprised at how expensive the meal had been. It was a nice restaurant, but nothing fancy. It worked out to roughly $50 apiece, before tip. As we left, we separately climbed into our newish cars, which all cost … Read more

Presidential candidate Cory Booker proposes national gun license for all gun owners

by DCG How is Spartacus going to ensure that criminals comply with this fantasy? From Yahoo: Democratic presidential candidate Cory Booker is proposing that all gun owners be licensed by the federal government, a process that would include an interview and safety training. National licensing is one of more than a dozen specific proposals in a sweeping … Read more

CHANGE: Data Show Poorest Americans Are Benefiting Most from Strong Economy: The powers of good policy are increasing employment and wages and decreasing wage inequality.

via fee.org: It’s hard to escape the good economic news these days. New reports show that in the first quarter of 2019, the U.S. economy grewby 3.2 percent, outpacing expectations by almost a full percentage point. In the month of April, unemployment fell to a 50-year low of 3.6 percent. Businesses continue to add hundreds of thousands of jobs month after … Read more

The Deadline Passes And Trump Brings Down The Tariff Hammer – China Immediately Promises To Retaliate

by Michael Snyder At 12:01 AM eastern time on Friday, President Trump followed through on his threats and hit China with a massive tariff increase.  As you will see below, China immediately pledged to retaliate.  U.S. and Chinese officials will continue to negotiate throughout the day on Friday, but if U.S. officials were optimistic that … Read more

Timber Bear – The Decline in Lumber Prices and Stocks to Watch

by TraderStef via CrushTheStreet (connect with TraderStef via Twitter or at TraderStef’s website) The price of lumber experienced a steep rise since the depths of the Great Recession and was particularly strong through most of 2017 and 2018. Framing Lumber Prices Down 30% Year-over-year… “Random Lengths prices are down 27% from a year ago, and CME futures are down 34% year-over-year.” – CalculatedRisk, Apr. … Read more

Food Prices Are Going To Soar Thanks To The Trade War’s Tariffs

by Mac Slavo of SHTFplan The perhaps unintended consequences of the Trump Administration’s trade war on China and other countries will be rising food prices for the American consumer. Food could also become scarcer as it becomes more expensive to move it around globally. For example, fresh tomatoes imported from Mexico are about to become scarcer and pricier … Read more

Democrats’ Double Standards on Contempt Charges

As Democrats rush to condemn Attorney General William Barr, they appear to have forgotten their attitude when their own attorney general was in the hot seat. One America’s Pearson Sharp explains how Democrats’ double standards mean Eric Holder’s contempt charges were thrown right out the window.