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"No Contrarians Left": A Very Bearish Bill Blain Is Worried That Everyone Agrees With Him

From "Blain's Morning Porridge" by Bill Blain of Mint Partners

“You are about to embark on the great crusade toward which we have striven these many months.”

 

I find myself in something of a quandary this soggy morning. Wracked with nagging doubt. Why? Nothing to do with Theresa May effectively throwing the UK Election, that auto-loans are in serious trouble, or worries Qatar might escalate into something quite unpleasant (and I don't just mean for Barclays..).. These things are all noise, the daily fun and games.

Americans Are Taking More Time Off Work

Americans Are Taking More Time Off Work

The United States, unlike many other industrialized countries, has no statuary agreement on taking paid vacation. Meaning: There is no law telling employers the minimum number of days they need to give their employees off work - that are also paid for.

However, as Statista's Dyfed Loesche notes, Project:Time Off, which is sponsored by the U.S. Travel Association, has good news: After two decades of almost steady decline the average days of vacation have risen by 0.6 days year-over-year to 16.8 days in 2016.

Paul Craig Roberts Warns "Washington's Empire Is Not Unraveling"

Authored by Paul Craig Roberts,

The military/security complex spent seven decades building its empire. The complex assassinated one American president (JFK) who threatened the empire and drove another (Richard Nixon) out of office. The complex does not tolerate the election of politicians in Europe who might not follow Washington’s line on foreign and economic policy.

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