Politicians have always labored under the entirely mistaken impression that one can keep people from doing what they actually want to do, or that markets can be suppressed by outlawing them. It turns out that kids don’t like to be told how their food should be prepared either. In fact, they absolutely hate it. Congress just received an update on the “unintended consequences” of Michelle Obama’s school lunch rules. Apparently the stuff she wanted to push on children just tastes really crappy and now a black market in salt, pepper and sugar has developed...
High school students, even those who are borderline-failing their SATs, have a better understanding of economics and job growth than Washington bureaucrats.
The NAR Sees "No Housing Bubble", So Here Is A Look At NAR's History Of Absolutely Disastrous ForecastsSubmitted by Tyler Durden on 06/22/2015 18:54 -0400
Prepare to laugh. A lot.
Is something really big about to happen?
For those concerned if their city is among the top most frequented by this particular, and very unpleasant, breed of "zombies", here are the top 50 cities in the US in which zombie foreclosures represent the highest percentage of all properties in foreclosure. For those readers certainly located among the Top 10, now may be a great time to hit a bid, any bid and get out while the getting is good.
America The Obese: Is There A Multibillion Dollar Conspiracy To Make Sure Americans Stay Overweight?Submitted by Tyler Durden on 05/29/2015 18:55 -0400
According to Gallup, America is now fatter than it has ever been before. But how can this possibly be? After all, Americans spend an astounding 60 billion dollars a year on weight loss programs and products. After putting so much time, effort and energy into losing weight, shouldn’t we be some of the healthiest people on the entire planet?
Former Secretary of State Hillary Clinton is expected to officially announce her candidacy for the 2016 presidential election on Sunday, putting an end to months of speculation about her plans. Here are some key things to know about the first Democrat to declare her candidacy...
There is virtually nothing in the substance of the deal for the War Party to attack. To defeat the deal, the War Party will have to defend its three-decade long campaign of exaggerations, distortions and bellicose animosity toward the Iranian state. But that is impossible because the axis-of-evil narrative was never remotely true. What the framework deal actually does, therefore, is to open the door to an eventual US withdrawal from its bloody, failed history of intervention in the middle east. So doing, it would pave the way for a drastic shrinkage of an obsolete war machine that has had no purpose since 1991 except to spill American blood and treasure in a region of the world where it has no business meddling. No wonder the War Party is going hysterical.
In so many ways, Warren Buffett and modern America are the same thing. An idea packaged and marketed so brilliantly, most of humanity unquestionably believes the myth. However, when you look beneath the surface, it becomes increasingly clear that neither of them actually come close to what’s printed on the package.
The relative lack of political and internet freedom in China is well known, as is the egregious treatment of the Tibetan people. Despite having controlled Tibet since 1949, and the subsequent intentional migration of ethnic Han Chinese into the region in order to dilute the culture, Chinese authorities remain paranoid and filled with fear. So much so that the government is panicking at recent statements by the Dalai Lama that he may not be reincarnated. This screws up the government’s plan to name the next Dalai Lama and use him as a puppet stooge for the regime. Truly embarrassing.
Things on the West Coast Ports are going from bad to worse (for those who missed it read "Catastrophic Shutdown Of America's Supply Chain" Begins: Stunning Photos Of West Coast Port Congestion), and with no resolution in sight, it is now beginning to cripple the US economy. Here is not only a brief summary of how the near-strike is impacting various businesses across the US, but also a map to track the congestion at Long Beach harbor in real time.
The last time US weather was this bad, annualized US GDP crashed from 2.3% to -2.9%.
For some it may have been the hottest year on record (if only with the use of seasonally-adjusted, well, seasons). For Bostonians, the past 30 day stretch has just smashed all-time monthly snowfall records.
One of the bigger asset bubbles in recent US history has nothing to do with stock, bonds or commodities, We are talking about farmland. And yet, like all other bubbles - be they the result of retail euphoria or central bank rigging - this one too must come to a close, and as the WSJ reports, the first crack in the farmland bubble are appearing, after farmland values declined in parts of the Midwest for the first time in decades last year "reflecting a cooling in the market driven by two years of bumper crops and sharply lower grain prices, according to Federal Reserve reports on Thursday." the average price of farmland in the Federal Reserve Bank of Chicago’s district, which includes Illinois, Iowa and other big farm states, fell 3% in 2014, marking the first annual decline since 1986, which makes farmlands the only asset class that had not seen a down year in nearly three decades!