Business

Authored by Charles Hugh Smith via OfTwoMinds blog,

Can we finally admit that eight years of following the Keynesian coloring-book have not just failed, but failed spectacularly?

Via The Daily Bell

I like mom and pop family owned restaurants, and local craft breweries, two businesses that are currently doing great in America.

Giant corporations, on the other hand, are legally bound to the government, which causes most of the corruption in the corporate and government world. They end up taking advantage of people and bludgeoning their competitors using the government.

Last week, when looking at the the distortion and absurdity unleashed by the ECB's asset purchase program upon European capital markets, we showed the unprecedented collapse in European junk bond yields as captured by the effective yield of the BofA/ML Euro High Yield Index, which is now trading just shy of all time lows, having dropped below 3% at the end of April, and printed at 2.79% on May 23, within bps of record lows...

It has gotten to the point where traders, like most reflex-based creatures, have become accustomed to the seemingly daily Trump "bombshell" news to emerge just after 5pm from either the WaPo or NYT. So much so, in fact, that when there is none - as was the case overnight  - they to complain.

Gold and Silver Bullion Now Treated As Money In Arizona

by Ron Paul Liberty Report staff

Undermining the Federal Reserve received a major boost yesterday.

Arizona Governor Doug Ducey signed into law a bill that eliminates capital gains taxes on gold and silver, thus allowing Arizona residents to use precious metals as currency instead of Federal Reserve notes.