Authored by Ryuan McMaken via The Mises Institute,
With James Comey's firing, we're told the FBI is in turmoil, and Washington DC cocktail parties are all atwitter over the excitement of the scandal. But don't worry about the FBI. If history has proved anything, the Bureau, no matter how much chaos it may endure, can always rely on a fat check from Congress — funded by the American taxpayers.
From Nick Colas of Convergex
Loose Lips Sink, Well Everything
In the same quarter in which the US teetered on the verge of contraction (supposedly due to inclement weather despite not one but two seasonal adjustments meant to eliminate "residual seasonality"), Japan grew at the fastest pace in a year and nearly triple that of the US.
Authored by Irina Slav via OilPrice.com,
When President Trump came into office, he openly resented the major trade deficit with Asia’s number-two economy and vowed to remedy the situation. While his words smacked of economic protectionism to many, the latest news about China-U.S. economic relations reveal a different picture.
Authored by Ted Bauman via BanyanHill.com,
How do I despise thee, O Congress? Let me count the ways.
Don’t take my word for it: 75% of Americans disapprove of the job our representatives are doing. It’s things like this that explain why:
Whilst only about 13% of U.S. employees nationwide enjoy a retirement fund that assures stable, lifelong income, all 535 members of Congress do … courtesy of Uncle Sam.