America

Credit-reporting company Equifax shocked investors, and more than a third of America, when it announced on Thursday afternoon that hackers had breached its data systems, compromising the personal information of approximately 143 million U.S. consumers. The information accessed "primarily includes names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers." In other words, pretty much everything that should have been hidden behind an n-number of firewalls, is now available to the dark net's highest bidder. 

Authored by Tho Bishop via The Mises Institute,

And then there were three.

Authored by Ben Isaac via Free Market Shooter blog,

Authored by Lance Roberts via RealInvestmentAdvice.com,

Despite all the hope for higher incomes spewing from within the various soft-surveys of individuals and businesses across America, Q2 saw unit labor costs decline 0.2% year-over-year - the second YoY drop in the last 3 quarters.

Despite all the great news about lowe eunemployment rates and solid payrolls prints, aggregate unit labor costs for America are unchanged since Dec 2015.

Don't stop believin'...

Worse still Real Compensation tumbled 0.8% YoY - the 3rd quarterly decline in American wages in a row...