North Korea

Frontrunning: March 16

  • Trump knocks Rubio out of race, Republicans in turmoil (Reuters)
  • Fed to Signal Worst Is Over, Hikes Coming: Decision-Day Guide (BBG)
  • Four Economists See a Surprise from the Fed This Week (BBG)
  • Global Stocks Muted Ahead of Fed Announcement (WSJ)
  • Stop-Trump Groups Make One Last Bet on Rubio, and Lose (BBG)
  • China's Li Seeks 'Win-Win' for Growth-Reform Plan Analysts Doubt (BBG)

North Korean Submarine "Goes Missing" During "Largest Ever" US, South Korea Assault Drill

A North Korean submarine is missing as the reclusive state issued a fresh threat of retaliation against US and South Korean forces involved in joint military drills. At the same time, U.S. and South Korean troops staged a massive amphibious landing exercise Saturday, storming simulated North Korean beach defenses amid and threats by Pyongyang to annihilate its enemies.

7 Harsh Realities Of Life Millennials Need To Understand

Millennials. They may not yet be the present, but they’re certainly the future. These young, uninitiated minds will someday soon become our politicians, doctors, scientists, chefs, television producers, fashion designers, manufacturers, and, one would hope, the new proponents of liberty. But are they ready for it? It’s time millennials understood these 7 harsh realities of life so we don’t end up with a generation of gutless adult babies running the show.

The 'Market State' Prediction Went Terribly Wrong

"In retrospect the idea that an increasingly internationalized political elite would automatically remain faithful agents of their own populations should have rang alarm bells." Who are the internationalized political elite faithful too?

Frontrunning: March 7

  • Trump or Cruz? Republicans face tough choices as primary race churns forward (Reuters)
  • The Week the Republican Party Melted Down (BBG)
  • Rust Belt Could Be Donald Trump’s Best Route to White House (WSJ)
  • China’s Leaders Put the Economy on Bubble Watch (WSJ)
  • Top Chinese Official Rebutts Soros Prediction for Hard Landing (BBG)

Guest Post: What Trumpism Means For Democracy

Whether or not Donald Trump ultimately succeeds in winning the White House, historians are likely to rank him as the most consequential presidential candidate of at least the past half-century.

Futures Flat Ahead Of Payrolls As Gold Continues Surge After Entering Bull Market

There is an odd feeling of Deja QEu this morning, when with two hours to go until the February payrolls, global stocks are modestly higher, US equity futures are likewise slightly higher on the back of a weaker dollar (or perhaps stronger Euro following a Market News report according to which the ECB may disappoint, more on that shortly), but it is gold that is breaking out, and after entering a bull market yesterday when it rallied 20% from its December lows gold has continued to surge, rising as high as @1,274 in early trading a price last seen in January 2015.

Kim Jong Un Orders Nuclear Weapons Made Ready For Use

Yonhap news agency reports North Korean leader Kim Jong Un has ordered the country's nuclear weapons be made ready for use. This action follows the firing of a volley of short-range projectiles into the sea to the south after the UN Security Council unanimously passed sanctions targeting North Korea’s banks, mineral exports and cargo vessels.

Guest Post: Will A "Socialist" Government Make Americans Freer?

Ultimately, electing someone significantly further left than Obama will not help matters in any sense at all, except maybe that it will show how little trust we should put in anyone who willingly wears the socialist label. The only good outcome of a Sanders administration may be that we’ll all say to ourselves afterward: “Well, we won’t be trying that again!”

Frontrunning: February 25

  • Europe shrugs off pre-G20 China stocks slump, sterling steadies (Reuters)
  • China Unveils Its Deliverables for G-20 -- And No Plaza Pact (BBG)
  • Foreign Money Could Be Slow to Enter China’s Bond Markets (WSJ)
  • China Urged to Stomach Much Higher Fiscal Deficit (WSJ)
  • Trump's Momentum Has Republicans in Congress Confused and Cowed (BBG)

Donald Trump Is Right: Here Are 100 Reasons Why We Need To Audit The Federal Reserve

When a leading nominee for President gets something exactly right, we should applaud them for it.  In this case, Donald Trump’s call to audit the Federal Reserve is dead on correct.  Most Americans don’t realize this, but the Federal Reserve has far more power over the economy than anyone else does – including Barack Obama.  The funny thing is that the Federal Reserve is not even part of the federal government.  It is an independent private central bank that was designed by very powerful Wall Street interests a little over 100 years ago.  It is at the heart of the debt-based financial system which is eating away at America like cancer, and it has no direct accountability to the American people whatsoever.

Guest Post: Great Power Realignment - To Russia?

The end result may be "peace," but of the Machiavellian sort. "Peace," Machiavelli wrote, is the set of conditions imposed by the winner on the loser of the last war. The Turks and the Russians understand him. The Americans? Perhaps not so much.

Keynesianism's Long March To The Dustbin Of History

The whole Keynesian regulatory structure is going to collapse. Why? Because we are reaching an inflection point. We are reaching the point at which the exponential curve turns sharply upward. This is good news for liberty, and it is bad news for the arrogant theorists of Keynesian central planning, the arrogant tenured bureaucrats of central banks, and the protected employees of virtually every other government-regulated industry or profession. They are presiding over the final stages of the illusion of central planning.