Submitted by John Mauldin of Mauldin Economics
Today we’ll continue to size up the bull market in governmental promises. As we do so, keep an old trader’s slogan in mind: “That which cannot go on forever, won’t.” Or we could say it differently: An unsustainable trend must eventually stop.
Authored by Alex Thomas via SHTFplan.com,
A group of mostly liberal mental health experts has penned an anti-Trump hit piece that declares the president and his tens of millions of supporters responsible for a new mental health crisis that the so-called “experts” claim is hurting anyone who disagrees with Trump policies in general.
Authored by Jim Quinn via The Burning Platform blog,
“The best way to teach your kids about taxes is by eating 30% of their ice cream.” – Bill Murray
We've frequently warned that Obamacare is locked in an inescapable death spiral that will result in its inevitable failure. The problem is that the folks who make too much to qualify for subsidies (currently defined as roughly $80,000 for a family of 3) are increasingly being priced out of the market for individual insurance by Obamacare's 30%+ price hikes that consistently come year after year. Meanwhile, those "rich" families making $80,000 a year are the ones expected to overpay for their health insurance so that a portion of their premiums can be "spread around a little bit" (as Obama
While 'hope'-strewn survey data (see today's Chicago PMI) are staging a self-reinforcing resurgence in the last week or two, 'hard' economic data (that doesn't rely on the emotional responses of humans) has collapsed to its weakest since Feb 2009.
This is the 6th monthly drop in 'hard' economic data in a row, something that has never happened before, pushing the spread between 'hope' and 'reality' to a record high.