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.
While many "conventional" indicators of US economic vibrancy and strength have lost their informational and predictive value over the past decade (GDP fluctuates erratically especially in Q1, employment is the lowest this century yet real wage growth is non-existent, inflation remains under the Fed's target despite its $4.5 trillion balance sheet and so on), one indicator has remained a stubbornly fail-safe marker of economic contraction: since the 1960, every time Commercial & Industrial loan balances have declined (or simply stopped growing), whether due to tighter loan supply or decl
Authored by Chris Martenson via PeakProsperity.com,
Let me begin with a caveat: confirmation bias is an ever-present risk for an analyst such as myself.
If you're not familiar with the term, 'confirmation bias' suggests that once we've invested time and emotional energy into developing a worldview, we'll then seek information to confirm that view.