Business

The most important aspect of the US economy - consumption - appears to face a headwind as despite "awesome" jobs data, exuberant Manufacturing surveys, and talking heads fighting each other to come up with the most superlative superlatives for the US economy, UMIch exposes the fact that income growth expectations for Americans (the ones that are throwing their support behind Trump and Sanders) continues to slide.

All that post-QE3 "hope" is gone...

And Year-over-year shows no rebound here...

h/t @DougTee

It is our mission to rebut any mainstream article that spreads misinformation about gold and/or shows a gross misunderstanding of monetary history. In Matt O’Brien’s “Wonkblog” in the Washington Post on February 23, 2016, titled “This might be Ted Cruz’s worst idea“, he does both. The ‘worst idea’ in this case refers to the Texas Senator’s view that it would be to the benefit of the US economy to return to a gold standard.

Submitted by Irina Slav via OilPrice.com,

Eminent domain is a tough pill to swallow for Americans who take their property rights very seriously, and the aggressive moves by Sabal Trail to seize property for a natural gas pipeline running through three southern states is turning into a drama of immense proportions.

Thanks to the just released February diary of Fed chief Yellen, we now know exactly when she called Bank of England Governor (and former Goldman Sachs employee) Marc Carney and ECB President (and former Goldman Sachs employee) Mario Draghi.

Can you guess when?

The answer:

Earlier today, we brought you the latest from 1MDB, the development bank-turned slush fund at the center of multiple international investigations.

For those who might still be unfamiliar with the story, Malaysian prime minister Najib Razak set up the fund more than five years ago with the help of Goldman and one of the firm’s rising stars named Tim Leissner.