Now that the subprime-funded "growth dynamo" that kept the US economy chugging along over the past year has finally choked, as we saw yesterday when auto sales posted the weakest print in half a year, there is just one industry that is keeping US factory orders, which have already declined for 13 consecutive months, from an all out implosion.
War.
Oregon Ranchers Resist Washington’s Imperialism
http://original.antiwar.com/justin/2016/01/03/the-war-against-the-cowboys/
The post Oregon Ranchers Resist Washington’s Imperialism appeared first on PaulCraigRoberts.org.
While the recent dramatic revision in construction spending - a direct input into GDP - which as we noted earlier this week, was a huge revision in the series by the US government which admitted to "processing errors" would lead to substantial downward revisions to recent GDP prints, moments ago the US November Trade deficit printed at $42.4 billion, down from $44.6 billion in October and better than the $44.0 billion consensus expectation.
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
U.S. President Barack Obama is not just the world’s best gun salesman, he’s also the world’s worst gun control spokesperson.
Despite immediately politicizing every single shooting event in recent years by using his bully pulpit to lecture the American public on why citizens must give up their rights to feel safe, his message has fallen on deaf ears. Why?
Government corruption has become rampant: