United States

What tentative hope had emerged for a rebound for the U.S. restaurant industry at the start of the year, was doused last month when in its February Restaurant Industry Snapshot, TDn2K found that "Restaurant Sales and Traffic Tumble in February" and reported that same-store sales fell -3.7% in February, with traffic declining -5.0% . It did however leave a possibility that things may turn around as a result of the prompt disbursement of withheld tax refunds in the month, which it suggested may have adversely affected sales and traffic.

Authored by Mike Krieger via Liberty Blitzkrieg blog,

When you want to see what U.S. deep state propagandists are up to, all you have to do is take a glance at what meme corporate media happens to be pushing any given week. It’s been almost a decade since I started observing and analyzing the corporate press on a daily basis, and I can now say unequivocally that the quality of American imperial propaganda has gone completely down the crapper.

The Destruction of Inlet Beach

Paul Craig Roberts

Inlet Beach is an old Florida community in Walton County on the Gulf Coast of the panhandle of Florida. The community circa 1950 originated in federal land dispensed via a lottery to WW II veterans. Winners of the lottery received 1.25 acres in exchange for a $50 filing fee and agreement to construct an 800 square foot block house.

Authored by John Mauldin via MauldinEconomics.com,

“Companies are doing everything they can to get rid of pension plans, and they will succeed.”

 

– Ben Stein

 

“Lady Madonna, children at your feetWonder how you manage to make ends meetWho finds the money when you pay the rent?Did you think that money was heaven sent?”

 

– “Lady Madonna,” The Beatles

Authored by Economic Prism's MN Gordon, via Acting-Man.com,

Behind the Curve

Economic nonsense comes a dime a dozen.  For example, Federal Reserve Chair Janet Yellen “think(s) we have a healthy economy now.”  She even told the University of Michigan’s Ford School of Public Policy so earlier this week.  Does she know what she’s talking about?

Somehow, this cartoon never gets old…