Chinese Satellite Data Hint At Ominous Manufacturing Slowdown

Chinese factory activity contracted last month for the first time in nearly a year when the Caixin PMI dipped below 50, the threshold for growth. And now, early indicators for the month of June – including one satellite-based measure - suggest that there’s more pain ahead for the manufacturing sector in the world’s second-largest economy.

Jim Grant Explains The Gold Standard

Nixon’s move was, in short, the final and total politicization on money itself, and, as Grant notes, "The Ph.D. standard is ... a political institution. It is the financial counterpart to the philosophy of statism."

Two Top House Dems Accused Of Ethics Violations

John Conyers (D-Mich.), the ranking member of the Judiciary Committee, and Ben Ray Luján (D-N.M.), chairman of the Democratic Congressional Campaign Committee (DCCC) are facing possible ethics infractions and will appear before a panel at the recommendation of the Office of Congressional Ethics

The Ultimate Regulatory Reform: Abolish Fractional Reserve Banking!

"With his selection of crony capitalists and members of Goldman Sachs to his economic team, it is apparent that President Trump does not understand the true nature of the nation’s financial woes or what precipitated the last financial crisis... If he did, his next Executive Order would be to implement steps and procedures to eliminate the scourge of fractional reserve banking forever."

Ron Paul: Republican Healthcare Plan Fails The "Jimmy Kimmel Test"

Unfortunately, a Congress that so quickly abandons its promise to repeal and replace Obamacare will not restore free-market healthcare - or otherwise reduce the welfare-warfare state - unless forced to do so by an economic crisis or demands from a critical mass of pro-liberty Americans.

A Simple Method Of Risk Management

In hindsight, it is easy to see that investors should have been out of the market in 2001 and 2008. However, remember just prior to those two major market peaks the Wall Street mantra was the same then, as it is today: “This time is different.”

The Super Bubble Is In Trouble

Once the Super-Bubble pops, we will see for sure what people demand as the ultimate means of payment: gold or cyber units, or both.

Are Illinois & Puerto Rico Our Future?

The days of interstate highway systems and moon shots seem to be behind us. Are Puerto Rico and Illinois the harbingers of what is to come?

WTI/RBOB Tumble After Unexpected Inventory Builds

"There is still hope that inventories will draw and crude runs will remain high," noted one research director ahead of the API data as WTI rose for a 4th day (back above $44), the longest rally in over a month. With tropical storm Cindy likely impacting the data, API showed a surprise crude build (exp -2.25mm) and notable gasoline build which sent WTI/RBOB prices reeling.

Why The Fed Will Fail Once Again

"The Fed’s bungling should come as no surprise... The Federal Reserve has done almost nothing right for at least the past twenty years, if not longer."