If the nationalists get their way, this November might be the last time Texans vote for a US president. On Wednesday, the Platform Committee of the Texas Republican Party voted to put a Texas independence resolution up for a vote at this week's GOP convention, according to a press release from the pro-secession Texas Nationalist Movement. The resolution calls for allowing voters to decide whether the Lone Star State should become an independent nation.
Fossil Stock Plummets 25% On Abysmal Results As US, Global Consumers Choose To Save Instead Of SpendSubmitted by Tyler Durden on 05/10/2016 16:28 -0400
This was the latest confirmation that something is very badly broken with not only the US but also international consumer, who as the WaPo "determined" earlier is actively seeking to sabotage the Obama recovery by not spending on such products as Skaggen watches, but instead selfishly is saving away all available funds. Expect even more weakness in the coming quarters, especially among comparable consumer companies, if this unpatriotic saving behavior does not revert back to what made the US consumer class the most beloved across the entire world.
Why central planning efforts will ultimately backfire - Anyone involved with managing projects, people or systems knows that the only thing that can be planned with absolute certainty is that things will never go 100% according to plan. History is full of examples where governments' best-laid plans failed in spectacular fashion, exacerbating the very problems they were intending to solve. Here are a few of our favorites...
In reality, it will not be a single factor but an unexpected concatenation of events, that result in a financial crisis, driving global contagion and an economic slowdown.
In the traditional post payrolls data lull, we’re kicking off what’s set to be a much quieter week for data this week with nothing of note due to be released in the US on Monday, however the week picks up with notable economic dataon NFIB small business cofidence, Import prices, PPI and culminates with Friday's retail sales report, UMichigan sentiment and business inventories.
In the United States truth-tellers are persecuted and imprisoned, or they are dismissed as “conspiracy theorists,” “anti-semites,” and “domestic extremists.” The entire Western World consists of a dystopia far worse than the one described by George Orwell in his famous book, 1984. That Russia and China permit Washington to operate in their media, in their universities, in their financial systems, and in “do-good” NGOs that infiltrate every aspect of their societies demonstrates that both governments have no interest in their survival as independent states. They are too scared of being called “authoritarian” by the Western presstitute media to protect their own independence. We predict that Russia and China will soon be confronted with an unwelcome decision: accept American hegemony or go to war.
With blue lights flashing and a SWAT team in front of the warehouse, a black sedan pulled up. A man got out, popped the trunk, grabbed a briefcase and headed for Natalie Jewelry. Once there, the man was heard to say "I just need to drop off this gold and get a receipt. I need a receipt..."
In what may be one of the least relevant payroll reports in a long time as the Fed already knows the labor market is doing better quantiatively (qualitatively it has been all about low-paying jobs gaining at the expense of higher paying manufacturing and info-tech positions) and as has further demonstrated it is no longer jobs data dependent, here is what Wall Street consensus expects: total payrolls +200,000, down from 215K in March; a 4.9% unemployment rate; average hourly earnings rising 0.3% (last 0.3%) M/M and 2.4% Y/Y (last 2.3%); on labor force participation of 63%.
Establishment Republicans have a plan to help workers because they hear you after all the clamor that has formed around Donald Trump. That is how they bill it anyway — a plan to help laborers. They have heard through their marble walls that some of you are not happy with wages that have been stagnant for decades. So, they have hatched a brave new plan that has only your best interest at heart.
How is Gundlach preparing and trading in advance "Trump presidency"? "Look at arms manufacturers, said Gundlach. He would avoid companies that are susceptible to global trade slowdowns, particularly those related to Mexico and China.... As he gets the nomination, the markets and investors are going to worry about it more. You will see a downgrading of global growth based on geopolitical risks. You must factor this into your risk-management."
First there were seventeen. At length, there was one. Donald Trump’s wildly improbable capture of the GOP nomination, therefore, is the most significant upheaval in American politics since Ronald Reagan. And the proximate cause is essentially the same. Like back then, an era of drastic bipartisan mis-governance has finally generated an electoral impulse to sweep out the stables.
The race for The White House appears to have taken a backseat for a news cycle as the Republican "veepstakes" gets underway. Donald Trump said this morning that he would prefer a running mate with government experience to "help with pushing legislation through," adding that he puts a 40% chance that a former rival in the Republican race would get the nod. As The Hill reports, picking a VP could be a difficult undertaking, as some potential candidates might be hesitant to hitch their political future to a polarizing figure like Trump, but there will be plenty willing to roll the dice and join his historic outsider campaign.
Ever wondered where the United States imports its oil from? Howmuch.net came out with some infographics to show that from 2000 to 2015. What we would highlight here is the notable shift from the U.S. depending heavily on Middle East countries and Mexico, to depending more on America's neighbor to the north, Canada.