Authored by Patrick Buchanan via Buchanan.org,
“An act of pure evil,” said President Trump of the atrocity in Las Vegas, invoking our ancient faith: “Scripture teaches us the Lord is close to the brokenhearted and saves those who are crushed in spirit.”
Authored by Ryan McMaken via The Mises Institute,
With December rate-hike odds hovering around 70% now, despite the continuing collapse in 'hard' economic data, all eyes will once again be focused on this Friday's jobs data (as the 'single arbiter of truth' for the economy). However, as former fund manager Richard Breslow notes, “Your guess is as good as mine,” is probably the best description of the set of forecasts for this week’s release of the non-farm payroll report.
Authored by Wolf Richter via WolfStreet.com,
US Treasury Yield v. Euro “Junk Bond” Yield. A new record in central-bank engineered absurdity.
Just relax...
As Bloomberg noted, stocks and bonds managed gains despite talk that tax reform may face insurmountable hurdles in the U.S. Senate.