Federal Government

   "We're gonna need a bigger Bullard"

    - overheard on a trading desk this morning.

Submitted by Ryan McMaken via The Mises Institute,

Government owned and subsidized lands in the American West have been a source of conflict among competing interest groups since the 19th century. Since the very beginning of white settlement, lands have been used by the federal government as part of a political scheme to subsidize and reward certain groups while punishing others. 

When it comes to Texas' relationship with the Federal government, the word "rocky" comes to mind. And nobody embodies said rockiness better than Texas governor Greg Abbott, who recently made headlines after announcing that irrelevant of D.C.'s demands, Texas would refuse to accept any Syrian refugees.

In the latest development in the ongoing saga of Ammon Bundy's seizure of a Federal wildlife reuge office in Oregon, the members of the militia said they're ready to fight, but they won't say what they would actually do if federal authorities try to remove them by force as reported in the clip below.

When it comes to explaining why the post-crisis world has been defined by lackluster aggregate demand and a deceleration in global trade, all roads lead to China. 

Indeed, the country’s attempt to mark a difficult transition from an investment-led, smokestack economy to a consumption and services-led model has contributed mightily to an epic downturn in commodities which has in turn conspired with an expected Fed tightening cycle and a laundry list of country-specific political risk factors to push EM to the brink of disaster.