Michigan

Dave Collum's 2016 Year In Review - "And Then Things Got Really Weird..."

"Markets don’t have a purpose any more - they just reflect whatever central planners want them to. Why wouldn’t it lead to the biggest collapse? My strategy doesn’t require that I’m right about the likelihood of that scenario. Logic dictates to me that it’s inevitable..."

Four More Government Officials Were Just Charged For Flint Water Failures

As a result of an April 2014 decision by one of the controversial unelected, state-appointed emergency managers, Flint residents were exposed to dangerously high levels of lead via the city water supply. If found guilty, the officials face prison terms of up to 20 years and/or fines.

'Mutiny' Or 'Acceptance'? Democrats Ask "Was Barack Obama Bad For Democrats?"

Is this a full-blown mutiny? Or did Democrats just reach the fifth stage of grief - "acceptance"? In a NYTimes op-ed, they begin by claiming that "President Obama will be remembered as a thoughtful and dignified president, but admit his legacy regrettably includes the more than 1,000 Democrats who lost their elections during his two terms. Republicans now have total control in half of America’s states...Why such political carnage?"

Home Affordability Drops To 8-Year Lows As Mortgage Rates Surge

"Rapid home price appreciation and tepid wage growth have combined to erode home affordability during this housing recovery, and the recent uptick in mortgage rates only accelerated that trend in the fourth quarter,” said RealtyTrac's Daren Blomquist: "The prospect of further interest rate hikes in 2017 will likely cause further deterioration of home affordability next year."

Illinois Is Losing 1 Resident Every 4.6 Minutes

Imagine the entire population of Peoria, Illinois’ seventh-largest city, all picking up and moving across state lines in one year, never to work, pay taxes or create jobs in Illinois again. That’s equivalent to what happened to Illinois over the past year...

Key Events In The Coming Pre-Holiday Week

The key economic releases this week are durable goods and GDP on Thursday. Chair Yellen’s speech on the labor market on Monday afternoon is also likely to garner considerable attention.

"This Is Stupid" - Pennsylvania Electors To Get Police Protection

Electors in Pennsylvania will have police protection as they cast their ballots on Monday, The Pittsburgh Post-Gazette reported. One Pennsylvania elector, Ash Khare, told the Pittsburgh Post-Gazette that he receives thousands of emails a day trying to sway his vote.