America

Morgan Stanley's auto team, led by analyst Adam Jonas, seems to be convinced that the auto trade is officially over prompting him to slash over 11 million units from his North American SAAR forecast over the next 4 years.  Jonas attributes his controversial call to the fact that OEMs have been so aggressive in implementing policies designed to pull forward sales (e.g. longer loan terms, higher loan mix to subprime borrowers, etc.) that they've actually started to pressure used car prices to the point that they're cannibalizing new sales.

Authored by Duane Norman via Free Market Shooter blog,

Back in March, the NRA detailed how WaPo‘s very own “fact check” had to rebut the claims from Senator Kirsten Gillibrand (D-NY) that a firearm “silencer” makes a weapon “quiet”:

Authored by Mike Krieger via Liberty Blitzkrieg blog,

The unanimous very smart person take on Trump’s firing of James Comey is that it’s a political disaster which will lead to total ruin and possibly his impeachment. I disagree.

 

Whatever one thinks of Edward Snowden, the actions of the original NSA leaker - right or wrong - were dictated not by spite, but an ideology: his desire to expose the pervasive domestic spying apparatus of the NSA, even if meant a lifelong exile in Russia, was - in his view - for the greater good. His infamous successor, NSA contractor Reality Winner, who was recently arrested for providing The Intercept with a top secret document allegedly revealing Russian hacking of the US election, however had a far less lofty goal: to burn Donald Trump down to the ground.

Authored by Charles Hugh Smith via OfTwoMinds blog,

The entire status quo is based on the delusion that rapidly rising debt will never generate any negative consequences.