Business

Submitted by Thad Beversdorf via FirstRebuttal.com,

It's no secret that the United States Spends more on its military than any other country in the world by far. To help understand the context of just how massive the the US spending is, the following video from howmuch.net shows each country's share of of total military spending for the last 25 years (1990-2015).

Authored by StraightLineLogic's Robert Gore via The Burning Platform blog,

A funny thing happened as every central bank around the world rushed to stimulate their economy by devaluing their currency in a global FX war that is now 7 years old and getting more violent by the day: with bond yields plunging, and over $10 trillion in global debt now having a negative yield, every fixed income investor starved for yield was pushed into the long end of the bond curve where whatever yield is left in the world of "safe" bonds is to be found. As long as interest rates never go up, this strategy is relatively safe.

Submitted by Simon Black via SovereignMan.com,

On July 1, 2005, the Chairman of then President George W. Bush’s Council of Economic Advisors told a reporter from CNBC that,

“We’ve never had a decline in house prices on a nationwide basis. So, what I think is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though.”