Governments Default On Debt More Than You Think

Authored by Daniel Lacalle via The Mises Institute, In this era of monetary fiction, one tends to read all types of undocumented and misguided views on monetary policy. However, if there is one that really is infuriating: MMT science fiction. One of its main principles is based on a fallacy: “A country with monetary sovereignty can issue … Read more

Tesla Tumbles After Chief Accounting Officer Quits After Just One Month

Via ZeroHedge Update: it’s just getting ugly in Freemont. TESLA’S CHIEF PEOPLE OFFICER GABY TOLEDANO TO LEAVE CO – CNBC, CITING REPORT * * * Easy come, easy go. Just hours after Elon Musk appeared on a comedy podcast, where he smoked pot, demonstrated his flamethrower and mused philosophically, Tesla’s chief accounting officer unexpectedly gave notice … Read more

August Job Creation Rebounds — “Fueled By Tax Cuts,” Notes AP, Bloomberg…. Record Low African-American Unemployment

WINNING: August Job Creation Rebounds — “Fueled By Tax Cuts,” Notes AP, Bloomberg. Do Democrats really want to run on reversing December’s tax cut? The August job report beat expectations, as the US economy added 201,000 jobs last month and the U-3 unemployment rate held steady at 3.9%. Labor force measurements fell back, however, as the Household survey demonstrated even more … Read more

CA GOV Race is close. (R) Cox is only 5% behind (D) Newsom in latest poll!

SACRAMENTO — A newly released research poll from Opinion Research on Elections and Public Policy shows Republican John Cox is closing the gap between himself and Democrat Gavin Newsom in the race for California’s next Governor. Nine-hundred voters participated in the survey between August 29 and September 2. The results show Newsom at 44 percent, … Read more

Bayer beware: US lawyers claim to have ‘explosive’ documents about Monsanto’s activity in Europe

Bayer-owned agrochemical giant Monsanto, which has recently been ordered to pay a groundskeeper $289 million in damages over Roundup’s alleged cancer link, may be facing many more legal fights soon. Lawyers involved in the California lawsuit against the firm claim they have revealing documents about Monsanto and its affairs in Europe. “What we have is … Read more

Nancy Pelosi EXPLODES When Reporter Asks About Her Slumping Support from Democrats

https://www.youtube.com/watch?v=HdFA8TPVn0k Randy DeSoto for the Western Journal reports, House Minority Leader Nancy Pelosi expressed little patience with a reporter who questioned whether the former speaker of the house would have the support needed to take up her old post should the Democrats prevail in November. Read More/Source/Credit/FairUse: https://www.westernjournal.com/nancy-…

Sour Mood Into The Weekend For Global Equity Futures

sour mood into the weekend for global equity futs pic.twitter.com/F9q5sQxv4F — Alastair (@StockBoardAsset) September 7, 2018 “Quiet cooling” in services/housing/autos h/t @LizAnnSonders pic.twitter.com/vnBcqARd8l — Alastair (@StockBoardAsset) September 6, 2018 https://twitter.com/FerroTV/status/1037994065009274880 Happy Trade War Friday! After midday HKT, we expect decision on next tranche of US tariffs on $200B of Chinese goods. Hard to see EM … Read more

The 11th Hour: 8 Examples Of Mainstream Media Sources Warning Us Of Imminent Economic Disaster

by Michael Snyder Are we on the verge of another great financial crisis, a devastating recession and a horrific implosion of the global debt bubble?  On my website I have been relentlessly warning my readers about the inevitable consequences of our very foolish actions, but now the mainstream media is beginning to sound just like The Economic … Read more