Economy

I’ve come to a conclusion: there is a segment of Trump supporters out there who are delusional. They are so blinded by the cult of personality that they can’t objectively look at reality. Last month, the Trump administration broke the one-month record for spending. In other words, Trump and his Republican colleagues in Congress are […]

The stock market unfriended Facebook yesterday. Investors vaporized $119 billion of Facebook’s value – 20% of the company’s market cap. It was the biggest 24 hour stock sale  in history.
Facebook Face Plant
Founder Mark Zuckerber……

The Koch brothers have jumped ship. They’ve given millions to Republicans in the past but they say they’re more interested ideas than party. Daniel Henninger in the WSJ reports, “In an interview, Charles Koch said trade wars and prosp…

Elon Musk tweeted that he wants to take Tesla private and has $70 billion in backing to do it. Tesla shares jumped 10% on the news. But now that the S.E.C. is on his case for possible fake news Tesla tweets the stock is back to ground zero.

The post…

On Thursday Apple became the first company ever to be valued over a trillion dollars.
Trillion Dollar Apple
That’s a number equal to one fourth of annual federal spending. Or one twentieth of the federal debt.

The post Trillion Dollar Apple appear…

Trump’s draining the swamp by cutting  taxes and regulations. And now the economy is booming.

But he’s slapping tariffs on friends and foes alike. Friends can get exemptions. But to do that they have to hire lobbyists to work the bureaucratic ma…

In this episode, I explain just one way the central bank has wrecked the economy as revealed by a couple of recent news items. It will help you understand why we really do need to end the Fed!

President Trump wants China to stop stealing technology and cheating on trade.
Trump Trade War
So he lowers the boom on allies with a 25% tariff on steel and aluminum?

But the only thing booming so far is the U.S. economy.

The post Trump Trade …

If you don’t understand what’s going on with the Federal Reserve, the national debt and rising interest rates, you don’t understand what going to happen to the economy. Hint – it isn’t good news. Another hint – Trump ain’t gonna fix it. Tom Woods and David Stockman break it down. Editors Note: This post was…

The unemployment rate fell below 4% for the first time in 18 years. Good news for Main Street. But Wall Street’s not so sure. Main Street Meets Wall Street The Fed hit its 2% inflation target. Will it raise interest rates more? Is Trump starting …

A woman walking her bicycle was hit and killed by a driverless Uber.  So Uber and Toyota stopped testing driverless cars. But GM still says it will have a fleet sans drivers on the road in 2019. Human Error Meanwhile The Atlantic estimates dr…

President Trump yesterday announced a 25% tariff on imported steel. Good news for American steelmakers but not so good for American Steel users. He also slapped aluminum with a 10% charge. The news came as a surprise to the stock market. The Dow displa…

Republicans pushed through a pro growth tax cut. But then they passed a budget full of deficit spending. On Face the Nation Rand Paul called his party hypocritical.
The End is Coming
Kevin Williamson at National Review calls Senator Paul “fantast…