Business

After waking up on Sunday, Trump didn't waste much time before taking to his favorite social network, where in a series of tweets, he first took credit for the latest Dow Jones record high, while praising the record "business and economic enthusiasm", slamming "obstructionist" Democrats who "have no message,  not on economics, not on taxes,  not on jobs, not on failing #Obamacare", and lashing out at "cowardly" Comey’s “leaks” will be “far more prevalent than anyone ever thought possible.”

After the Fed failed to spark any notable increase in aggregate demand despite keeping interest rates at zero for seven years, a group of economists is pressuring the central bank to rethink one of its most closely held-policy parameters.

As President Trump's "Infrastructure Week" comes to an ignominious end, NIRP Umbrella's Alex Deluce reminds us that spending money on bridges to nowhere and cities of the future is anything but the stimulating panacea it is talked up to be...

Authored by Nick Giambruno via The Mises Institute,

France’s new president can’t keep the European Union together.

In early May, France elected globalist darling Emmanuel Macron. His victory gave the EU a short-term boost. However, it did not change the fundamental problems with Europe’s artificial mega-state.

Doug Casey agrees:

The winning bidder in legendary investor Warren Buffett’s annual charity auction has pledged $2.68 million for the privilege of eating lunch with the billionaire investor, according to Bloomberg.

While the sum is far greater than the $25,000 paid in 2000 - the first year Buffett held the fundraiser - it’s about $800,000 shy of the record sum of $3,456,789 paid in 2012 and 2016.