Two weeks ago, Goldman analysts were stunned when they noted that in recent weeks gasoline demand in the US has collapsed to levels that suggest not all is well with the economy. In fact, as the bank's oil expert Damien Courvalin said "to achieve the 5.9% decline suggested by the weekly data, our model requires PCE to contract 6%, in other words, a recession."
Submitted by Jeff Deist via The Mises Institute,
Submitted by Raul Ilargi Meijer via The Automatic Earth blog,
After escalating the 'war on fake news' overnight (and having The New York Times fight back) and facing more neocon revolution from John McCain, we can only wonder at what President Trump has in store for the thousands expected to attend a rally in Melbourne, Florida this afternoon...
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Deciding not the see the 9th Circuit court of appeals "in [Supreme] court" after all, last week the White House announced it would unveil a revised immigration order banning travel t the US over the next few days. On Saturday, Homeland Security Secretary John Kelly previewed what it would look like, when he told a Munich Security Conference gathering that the travel ban will no longer stop green card holders or travelers already on planes from entering the United States, in hopes of avoiding another round of legal challenges.