"You haven’t given the readers enough credit. Something you PhD economists are going to be facing much more of in the coming years. There is a movement to educate and draw in the American public to such economic discussions. We will be better prepared to understand your theoretical, applicable and logical fallacies. You should take note, and be better prepared next time."
"The unavoidable conclusion is that the case for passing the largest economic development incentive program in the State’s history may have been based on the fear incited by a magazine’s typographical error."
The bill, known as the Concealed Carry Reciprocity Act of 2017, will allow a person with a concealed carry permit in one state to carry a handgun in any other state that permits residents to conceal carry, as long as the person is not banned from possessing or transporting a firearm under federal law.
A mysterious website hosted on the Dark Web claims to be asking for Bitcoin donations and "expert advice" to help fund the assassinations of President-elect Donald Trump and Vice President-elect Mike Pence.
The measure has not been passed by the Senate or signed into law yet, and the holiday recess may prevent that. But it is easy to see how it would empower the Deep State to shut down whichever websites they happened to not like.
Time will tell whether this Carrier deal was just a symbolic line in the sand, or whether it is a sign of future government interventionist policies which will ultimately backfire. In the long run, the less government, the better.
With the Italian referendum now in the rearview mirror, the market's attention focuses on this Thursday's second most important event, the ECB meeting on Thursday. Here are the key questions the market will want answered.
Will “Trumponomics” change the course of the U.S. economy? We certainly hope so. It will be better for us all. However, as investors, we must understand the difference between a “narrative-driven” advance and one driven by strengthening fundamentals. The first is short-term and leads to bad outcomes. The other isn’t, and doesn’t.
How would you describe the social mood of the nation and world? Would anti-Establishment, anti-status quo, and anti-globalization be a good start? These are all characteristics of the long-wave social-economic cycle that is entering the disintegrative (winter) phase.
December 5, 1996: “Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions?"
Matteo Renzi met with Italian president Sergio Mattarella to discuss the terms of his resignation. According to Ansa, Renzi's departure may not be as clear cut as some had expected, and as Ansa reports, Renzi may delay his resignation following a request by the president to hold the post until the Senate Budget Law is passed,
While investors are focused on Italy, Bloomberg's Mark Cudmore warns that another Mediterranean country is poised to grab their attention very soon. A currency crisis in Turkey is rapidly deteriorating, setting the stage for dramatic and unscheduled central bank action.
"I don’t think anybody in the administration is looking for quote-unquote tariffs, but I think they are a cudgel if you will to lay out there if we can’t get the trade deals to be right-sided to now benefit the American people.”