Hardly ever been better...
Continuing Jobless Claims data printed 1.898 million last week. America has not seen a lower level of claims since 1973...
So stop whining America, you never had it so good. Unless of course, this data is entirely useless.
Back in February we reported that as America's deflationary wave spread through the grocery store supply chain, the scramble for America's bottom dollar was on, and it prompted America's largest low-cost retailer Wal-Mart to not only cut prices, but to squeeze suppliers in a stealthy war for market share and maximizing profits, a scramble for market share which is oddly reminiscent of the OPEC 2014 price fiasco and is certain to unleash a deflationary shock across wide portions of the US economy.
Authored by Eric Zuesse via The Strategic Culture Foundation,
The first stage of U.S. President Donald Trump’s plan to restore America’s former dominance as a manufacturing country will be announced this coming weekend in Riyadh Saudi Arabia and Washington DC, but its outlines are now already more than clear.
Authored by Ryuan McMaken via The Mises Institute,
With James Comey's firing, we're told the FBI is in turmoil, and Washington DC cocktail parties are all atwitter over the excitement of the scandal. But don't worry about the FBI. If history has proved anything, the Bureau, no matter how much chaos it may endure, can always rely on a fat check from Congress — funded by the American taxpayers.
Authored by Darrell Delamaide via MarketWatch.com,
Dystopia is here. It’s not just the “imagined place” of the dictionary definition or a future state of dystopian novels. It is very real and right now, at least for those of us trying to follow national politics.
And it’s not just Donald Trump. It’s Barack Obama, it’s Ted Cruz, it’s the New York Times, it’s Breitbart News. It is an alternate universe detached from the world we live in but intruding into it in painful and dangerous ways.