Grand Central: A Letter to Stingy American Consumers
• http://blogs.wsj.comDear American Consumer, This is The Wall Street Journal. We're writing to ask if something is bothering you.
Contents Pages by Subject
Economy - Economics USA
The Financial Fragility of The New York Times Company
• LewRockwell.com - Eric EnglundFor the first quarter of 2015, The New York Times Company reported a net loss of $14.4 million. The Times would have been profitable, last quarter, had it not incurred a $40.3 million pension settlement charge.
Keynesian Medicines are Not the Cure for China's Ills
• The Daily BellKeynesians never seem to learn. Every time an economy slows down or reverses gears and "goes negative," in terms of growth and employment, their only answer is a call for "aggregate demand" stimulus and more government spending manipulation.
"The Fed Has Been Horribly Wrong" Deutsche Bank Admits,...
• http://www.prisonplanet.comDares To Ask If Yellen Is Planning A Housing Market Crash. The reason why Zero Hedge has been steadfast over the past 6 years in its accusation that the Fed is making a mockery of, and destroying not only the very fabric of capital markets (something
Chapter 9: Disbanding Troops and Bureaucrats
• https://www.lewrockwell.comAnd he shall judge among many people, and rebuke strong nations afar off; and they shall beat their swords into plowshares, and their spears into pruninghooks: nation shall not lift up a sword against nation, neither shall they learn war any more.
The hotel industry is sending a clear signal that the US economy is not grinding to a halt
• Business InsiderApril had the highest occupancy ever (66.8%) and the highest room demand (99.4 million rooms) ever.
Here's some great news for those who want the stock market to crash ...
• Business InsiderEven after adjusting for inflation, margin debt is now higher than it was at the peak of the great bull market in 2000 and the echo bull market in 2007. Read more: http://www.businessinsider.com/stock-market-margin-debt-2015-5#ixzz3bln9xti7
US economy shrinks 0.7% in first quarter as strong dollar eats into growth
• http://www.theguardian.comFalling oil prices and harsh winter also blamed for weak first quarter which had been expected by economists and is expected to be temporary
How Healthcare Is Dooming the U.S. Economy (In Just 3 Charts)
• http://www.zerohedge.com, Charles Hugh-SmithAs it stands now, U.S. healthcare will bankrupt the nation and doom it to permanent stagnation and recession.
McDonald's is Losing So Much Money it Stopped Telling Us How Much
• http://www.prisonplanet.comOver the past year, I've shared with you the continued decline of America's most popular fast food giant. We've talked about the mass closing of McDonald's locations, the attempts by the company to trick customers into thinking that it was
Julian Assange On The TPP: "Deal Isn't About Trade, It's About Corporate Control"
• www.zerohedge.com"It's mostly not about trade. Only 5 of the 29 chapters are about traditional trade." Julian Assange. The content of this unbelievably dangerous gift to multi-national corporations is being kept secret from the public...
Why I'm Looking Forward to the Next Big Crash
• LewRockwell.comOur beef with our own generation is not that it failed, but that it succeeded too well. It took control of government and used it like an ape uses a rock – to crack open a nut.
When Stock Buybacks Go Horribly Wrong
• Zero HedgeWhen companies have a burning need to boost their stock price and/or have no organic growth opportunities requiring fresh investment, they do one thing: engage in stock buybacks
QE4 Arrives: Mystery Drone Rains Money On People In Michigan, Cash-Grabbing Frenzy Ensues
• Zero HedgeWith the Fed's Stanley Fischer yesterday reminding everyone of what Jim "QE4" Bullard said a month ago when he hinted that the Fed may be hiking rates only to slam the economy into a recession thus leading to a prompt rate cut (also known as the top
The Bait-and-Switch Behind Economic Populism
• The Daily BellThe economic policy of populism is characterized by massive intervention, high consumption (and low investment), and government deficits. This is unsustainable and we can identify several stages as it moves toward its inevitable economic failure.
State-Run Lotteries: The Desperation Tax
• The Daily BellThis "voluntary" tax may be better than forcible confiscation, but it is not harmless. Government never is... no matter how we pay for it.
Dallas Fed Manufacturing Index Collapses:
• globaleconomicanalysis.blogspot.comLowest Production Reading in 6 Years, Orders Contract 7th Month, New Orders 5th Month
Dallas Fed Manufacturing Index Collapses...
• MIKE SHEDLOCKDallas Fed Manufacturing Index Collapses: Lowest Production Reading in 6 Years, Orders Contract 7th Month, New Orders 5th Month
"We're Living In A Make-Believe World" Biderman Warns
• zerohedge.comThe present value of all future liabilities is something like $70 Trillion. if you add up all the future payments to Medicare, Medicaid, Social security and government pensions. That's more than the net worth of the United States.
Dallas Fed Manufacturing Index Collapses...
• MIKE SHEDLOCKDallas Fed Manufacturing Index Collapses: Lowest Production Reading in 6 Years, Orders Contract 7th Month, New Orders 5th Month
Kiss your Pension Fund Good-Bye
• https://www.lewrockwell.com, By Martin ArmstrongI have been warning for some time that government was eyeing up pensions.
Warren: Trade Deal "Secret Because If Details Were Made Public Now, The Public Would Oppose It*
• http://popularliberty.com, By shraderHow can a trade deal be secret?
Dow Jones Industrial Average (INDEXDJX:.DJI)
• google.com18,041.54 -190.48 (-1.04%)
There Is No Longer A Market: Citigroup Confirms What Zero Hedge Has Said Since 2009
• zerohedge.com"Zero Hedge long ago gave up discussing corporate fundamentals due to our long-held tenet that currently the only relevant pieces of financial information are contained in the Fed's H.4.1, H.3 statements... macro economic data now is essentia
Fed vice chairman says an interest rate hike will be 'gradual'
• Business Insider.S. Federal Reserve Vice Chairman Stanley Fischer said it was "misleading" to give so much importance to the Fed's first interest rate hike since the process of returning to a more normal level will take a few years.
"It's A Coup D'Etat," David Stockman Warns "Central Banks Are Out Of Control*
• zerohedge.comWe're all about to be taken to the woodshed, warns David Stockman in this excellent interview.
Robert De Niro's art school graduation speech: 'Yeah you're f--ked'
• http://www.ew.comRobert De Niro didn't sugarcoat the truth when addressing the 2015 graduating class of New York University's Tisch School of the Arts on Friday. "You made it," said the Oscar-winning actor, "and you're f--ked."
Wall Street R.I.P----The Bubble Is Dying At The Zero Bound
• https://www.lewrockwell.com, By David StockmanIf any evidence was needed that the market is dying at the zero bound, it came in yesterday's violent 15-minute rip when the algos read the Fed's release to mean there will be no rate hike in June.
CNBC's Santelli and Mish Discuss Municipal Bonds; Egan-Jones on Chicago;
• MIKE SHEDLOCKCNBC's Santelli and Mish Discuss Municipal Bonds; Egan-Jones on Chicago; S&P Blames Moody's; Message to Bondholders
I've Read Obama's Secret Trade Deal. Elizabeth Warren Is Right to Be Concerned.
• http://www.politico.com, By MICHAEL WESSEL"You need to tell me what's wrong with this trade agreement, not one that was passed 25 years ago," a frustrated President Barack Obama recently complained about criticisms of the Trans Pacific Partnership (TPP)
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