It’s Always Dangerous In Philadelphia

by Jim Quinn 20 year old Penn State student’s life snuffed out for no reason at all. Celebrating a Phillies victory with some friends and he is shot and killed randomly by some scumbag. My dad would take me to FDR park when I was a little boy, with bambo fishing poles, to catch sunnies. … Read more

Best airline safety video, ever

From New Zealand Air: H/t Maziel How sad that New Zealand, once known as Tolkien’s Middle Earth, is now associated with the obviously-fake mosque shooting video. See “How we know New Zealand mosque shooting video is a CGI fake “. ~Eowyn

Does the recession have to mean a bear market on the stock exchange?

by independenttrader When in 2017, we have begun to mention the upcoming US-China trade war, the largest media have not yet been interested in this topic. The situation has changed a year later, when the tariffs imposed by Washington has dominated the headlines. Trade war and its negotiations have become a convenient subject explaining all changes … Read more

CNBC: Weak retail sales underscore slowing economy… MarketWatch: Corporate profits set to drop

via CNBC: The weak report from the Commerce Department on Monday joined a raft of other soft data, including housing starts and manufacturing production that have left economists anticipating a sharp slowdown in growth in the first quarter. Retail sales dropped 0.2 percent as households cut back on purchases of furniture, clothing, food and electronics … Read more

JOHN MERLINE: The government is now a check-writing, wealth-redistribution machine that costs trillions.

via usatoday: Who would object to the government shifting money from the wealthy to the less fortunate? Except that’s not what happens: Few funds really go to them What is the government’s primary function? If you look at the debates that rage each year when the president’s budget comes out, you’d think it was defense … Read more

The Hunt for Taxes Altering the Economy

by Martin Armstrong We are beginning to witness the impact of state taxes on decision making. California’s high taxes led to the San Francisco Giants losing Bryce Harper to the Philadelphia Phillies. The 26-year-old professional baseball star agreed to a 13-year, $330 million deal with the Philadelphia Phillies because the bottom line net of what California would take was … Read more

Your Economy May Be Fine, But It’s Not Just You

By Patrick Watson Looking at the official unemployment rate, American workers should be pretty happy. Almost everyone who wants a job has one. Yet many aren’t happy at all. We see it in consumer sentiment, retail sales, and other indicators. We all hear it anecdotally from friends and family. Some employers are unhappy too. They complain they … Read more

Chinese J-11s breach Taiwanese airspace for first time in 20 years

At 11 a.m. Sunday morning, Taiwan time, two Chinese PLAAF J-11’s deliberately breached the median line–the official maritime border separating China and Taiwan–for the first time in 20 years. Taiwan scrambled its own fighters and sent the J-11s packing. Huang Chung-yen, a spokesman for Taiwan’s Presidential Office, said China “should stop behavior of this sort, … Read more