Following another day of upbeat economic data, with growing signs that inflation on both sides of the Atlantic is accelerating, investors rediscovered their faith in the Trumpflation rally, pushing global stocks and US equity futures higher, fuelling a second day of 2017 equity gains ahead of today's release of the Fed's December minutes.
Consumer spending makes up a large percentage of the United States economy. We all have bills to pay and mouths to feed, but where do Americans spend their money? Here is a breakdown of how Americans spent their money in the last 75 years...
Submitted by Mac Slavo via SHTFPlan.com,
Map Shows Us Where We Don’t Want To Be When It All Turns Ugly h/t All News Pipeline
OK, this is actually pretty obvious – but it is worth pointing out that the “archipelago” of islands across the vast expanse of the United States that carried the vote for Hillary Clinton during the election – also happens to be a ring of the liberal cities that:
Today is Bill of Rights Day in America.
Happy Bill of Rights Day!
This post explains the liberties guaranteed in the Bill of Rights – the first 10 amendments to the United States Constitution – and provides a scorecard on the extent of the loss of each right.
Painting by Anthony Freda: www.AnthonyFreda.com
First Amendment
The 1st Amendment protects speech, religion, assembly and the press:
Submitted by Gail Tverberg via Our Finite World blog,
Our economy is a mystery to almost everyone, including economists. Let me explain the way I see the situation:
(1) The big thing that pulls the economy forward is the time-shifting nature of debt and debt-like instruments.