Reality

Italy Falls Out Of Love With The Euro: Beppe Grillo Resurgent In The Polls

Recent polls for Italian politicians supporting the eurozone and EU have collapsed. Pro-Europe polls are highly likely to get worse as a  further splintering of Matteo Renzi’s PD party takes place. It is not out of question for Beppe Grillo’s eurosceptic Five Star Movement (M5S) party to achieve an absolute majority in the next election...

Don't Confuse Immigration With Naturalization

As the immigration debate goes on, many commentators continue to sloppily ignore the difference between the concept of naturalization and the phenomenon of immigration. Immigration results naturally from allowing persons to exercise their property rights. Naturalization, on the other hand, is a political act.

5 Financial Myths You Should Ignore

The financial terrain is strewn with robust fables cleverly disguised as facts... The tenacious nature of outdated financial tenets is never questioned.

"Trump Trade 1.0" Is Over - Why It Will Take Some Time To Ship Version 2.0

Do not fear: there will be a “Trump Trade 2.0” at some point this year. Either valuations will retreat to the point where they reflect the reality of a legislatively-driven set of catalysts, or Washington will (in its own time) deliver on a pro-growth agenda as the market treads water. Just remember: Washington doesn’t work in New York minutes.

The Echo Chamber Of Elite Economists: Often Wrong, Never In Doubt

Despite what appears to be an inflection point of radical change, most of which remains unknown, the consensus opinion of professional economists and markets, in general, are well-aligned, optimistic and seemingly convinced about how the economy and markets will evolve throughout the year.  The consensus forecast based upon an assessment of economic projections from major financial institutions appears to be the result of a Ph.D. echo chamber, not rigorous independent analysis.

The Kagans Are Back; Wars To Follow

The Kagan family, America’s neoconservative aristocracy, has reemerged having recovered from the letdown over not gaining its expected influence from the election of Hillary Clinton. Back pontificating on prominent op-ed pages, the Family Kagan now is pushing for an expanded U.S. military invasion of Syria and baiting Republicans for not joining more enthusiastically in the anti-Russian witch hunt over Moscow’s alleged help in electing Donald Trump.

Perfect Example Of Why Job Losses From Minimum-Wage-Hikes Are Being Underestimated, 'Bigly'

Over the past several months, we've highlighted a number of economic studies analyzing the potential negative impact, in terms of job losses, that may be expected to result from the state-mandated minimum wage hikes that are currently being implemented around the country...that said, here are a couple of examples of why the issue may be much larger than anyone expects.

Are U.S.-Saudi Relations Turning Sour?

Time will tell, but cries of victory in Washington by Saudi Arabian Deputy Crown Prince and Defense Minister Mohammed bin Salman seemed hollow and perhaps even apocryphal.

America Is Hardly A Bastion Of Free Trade

Rhetoric has recently trumped reality. It has become a misconceived bit of common “knowledge” that the United States of America is a bastion of free trade. Little could be further from the truth.