America

The following article by David Haggith is from The Great Recession Blog:

One reason I started my own economics blog was because of how tired I was of reading government-regurgitated half truths about the economy. Nothing has changed. As Newsmax and other publications report this week that July was a bumper month for lower-wage earners, I continue to have to sift for myself through all the glitter to find the globs of buried truth. First, the dayglo report:

The United States is preparing for all options to counter the growing threat from North Korea, including launching a “preventive war,” national security adviser H.R. McMaster said in an interview that aired Saturday on MSNBC. The comments come after North Korea carried out two tests of intercontinental ballistic missiles in the past month and after the president said he has been clear he will not tolerate North Korea's threats to attack the U.S. with nuclear weapons.

The key excerpts (full transcript):

Via The Daily Bell

For the egregious crime of being in the right lane at the wrong time, a driver was pulled over in Lowndes County, Georgia. Thanks to the heroic efforts of one Georgia State Police dog, and his faithful officer, a major threat to the people of Georgia is off the streets.

Authored by James George Jatras via The Strategic Culture Foundation,

President Donald Trump has signed the sanctions bill against Russia, North Korea, and Iran. With the near-unanimous, veto-proof margin by which the so-called «Countering America’s Adversaries Through Sanctions Act» was passed by both the House and the Senate, Trump was in a lose-lose position.

We've frequently warned about the myriad of potential risks arising from the massive capital flows from active to passively managed accounts which will eventually, and inevitably, wreak havoc upon the markets.  It is, in fact, this transition which is inextricably linked to the market's apparent disregard for traditional valuation metrics as it surges to all new highs with each passing day.