Authored by Simon Black via SovereignMan.com,
Late yesterday afternoon the federal government of the United States announced that the national debt had finally breached the inevitable $20 trillion mark.
This was a long time coming. It should have happened back in March, except that a new debt ceiling was put in place, freezing the national debt.
For the last six months it was essentially illegal for the government to increase the debt.
Authored by Lance Roberts via RealInvestmentAdvice.com,
In this past weekend’s newsletter. I discussed the potential for the market to hit new highs. To wit:
You've probably heard this one before.
World stocks hit new record highs on Tuesday amid a continuation of Monday's risk-on theme which unleashed a dramatic relief rally on easing North Korea tensions and signs that Hurricane Irma caused less damage than feared (which according to Keynesians should be GDP negative). The MSCI All-Country World Index gained 0.2%, hitting the highest on record with a fifth consecutive advance.
Authored by Antonius Aquinas,
If anyone should have any questions about whether the United States of America is not the most aggressive, warlike, and terroristic nation on the face of the earth, its latest proposed action against the supposed rogue state of North Korea should allay any such doubts.