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

Why this commodity is recession proof

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From Kitco: Energy consumption, particularly natural gas, is more of a consumer staple than discretionary item, and is thus less likely to be affected by an economic downturn, said Richard Cottee, CEO of Central Petroleum. Continue reading at Kitco…

TO DO GOOD IS NOBLE. TO TELL OTHERS TO DO GOOD IS NOBLER, AND BETTER-PAYING: ‘That’s … ridiculous.’ Florida domestic violence chief is paid $761,000 a year.

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via miamiherald:   Tiffany Carr runs the state’s top domestic violence organization, a nonprofit that uses public money — state and federal — to finance shelters and other essential services. And she makes a good living. How good? In a June 30, 2017 report, the Florida Coalition Against Domestic Violence disclosed she is paid $761,560 annually, a … Read more

Judge Jeanine Pirro: ‘The Left Thinks They Have a Right to Shut You Down’

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Fox News host Judge Jeanine Pirro spoke about the left’s aim to silence opposition, the Russian collusion investigation, and herbook, Liars, Leakers, and Liberals: The Case Against the Anti-Trump Conspiracy with Breitbart News in Washington, DC, this week. Asked about her run-in with Whoopi Goldberg on ABC’s The View, Pirro says that while she’s past the incident, she believes … Read more

Russia Dumps Massive Amount of U.S. Treasury Holdings—Becomes World’s Largest Holder of Gold

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via thefreethoughtproject: Moscow, Russia – The Russian government has drastically reduced their holdings of United States Treasury bonds, with Russian ownership of U.S. bonds declining from $96.1 billion in March to $48.7 billion in April—and then further reducing their holdings to just $14.9 billion in May; an 11-year low. A gradual Russian sell-off of U.S. sovereign debt began in 2011 and has intensified over … Read more