United States

Update: Having mobilized hundreds of soldiers to protect key landmarks across London, the British police launced a huge manhunt for “a network” of accomplices who may have helped Salman Abedi build the suicide bomb and "who could be ready to kill again."  Part of yesterday's hike in the UK risk threat assessment is the fear that Abedi could have been working as part of a group of accomplices with possible links to militant groups who have the competence to plot and execute suicide bombings.

ConvergEx's Nicholas Colas asks "Can the US economy get back to the 3% GDP growth it enjoyed in the 1980s – mid 2000s?"

White House economic policy makers say “Yes”.

 

Most professional economists say “No”.

 

History says, “Worker productivity drives economic growth, not politicians or economists.  Fix productivity and you can get to 3%.”

History may not be laconic, but it has a point.

JFK at 100

Paul Craig Roberts

This Memorial Day, Monday, May 29, 2017, is the 100th birthday of John Fitzgerald Kennedy, the 35th President of the United States.

JFK was assassinated on November 22, 1963, as he approached the end of his third year in office. Researchers who spent years studying the evidence have concluded that President Kennedy was assassinated by a conspiracy between the CIA, Joint Chiefs of Staff, and Secret Service.

By the SRSrocco Report,

Something changed in the silver market in May as U.S. Silver Eagle sales have surged compared to the previous month.  This is quite interesting as precious metals sales and sentiment have declined in the West, especially in the United States, ever since Donald Trump was elected President.

Last week, when looking at the the distortion and absurdity unleashed by the ECB's asset purchase program upon European capital markets, we showed the unprecedented collapse in European junk bond yields as captured by the effective yield of the BofA/ML Euro High Yield Index, which is now trading just shy of all time lows, having dropped below 3% at the end of April, and printed at 2.79% on May 23, within bps of record lows...