United States

When Albert Edwards predicted in late 2016 that a surge in wage inflation was imminent, we were confused by this prediction from the world's preeminent deflationist: after all, not only had not a single economic indicator validated a tighter labor market despite unemployment just above 4%, but as we have have repeatedly demonstrated what little wage inflation existed, was attributable to managerial-level, supervisory positions while the bulk of job creation remained with minimum-wage jobs, which have continued to see virtually no wage growth.

More Hard Conclusive Evidence That The US Government Is In A Conspiracy Against The American People

https://normsaysno.wordpress.com/2017/05/27/trump-administration-proposal-would-increase-university-dependence-on-foreign-students/

The post More Hard Conclusive Evidence That The US Government Is In A Conspiracy Against The American People appeared first on PaulCraigRoberts.org.

Authored by Simon Black via SovereignMan.com,

In the late 1760s and early 1770s, the government of France was in a deep panic.

They had recently suffered a disastrous and costly defeat in the Seven Years War, and the national budget was a complete mess.

France had spent most of the previous century as the world’s dominant superpower, and the government budget reflected that status.

One week ago, when looking at the latest Fitch forecast of retailers most likely to file for bankruptcy next, we listed the hundreds of store closures already announced in 2017 between various bankrupt and still solvent retail chains.

One month ago, when we first discussed that in addition to the CVN-70 Carl Vinson aircraft carrier group, the US was deploying two more carriers toward the Korean peninsula, some took the Yonhap-sourced report skeptically: after all, what's the incremental symbolic impact of having three, or even two aircraft carriers next to North Korea when just one would more than suffice.