Sat, Jun 28, 2014

Mike Shedlock | June 28, 2014

Malinvestment in China proceeds at a staggering pace. Technically, this growth adds to GDP, but eventually it will be written off.

John Ransom | June 28, 2014

Usually they euthanize animals after such an incident. And I would suggest to the Democrats that at the least they should consider castration. I mean if Michelle will let them have the parts for a while.

Night Watch | June 28, 2014

Al-Maliki made clear, however, that he went to the Russians and Belarus for assistance because US aid takes so long to arrive.

Daniel J. Mitchell | June 28, 2014

The moral of the story is that poverty is, or at least was, the natural state of humanity. But then something remarkable happened. The power of government was constrained and the vitality of markets was unleashed. The rest, as they say, is history.

John Browne | June 28, 2014

The current situation in Iraq is a modern tragedy. But in more practical terms it is a very stark illustration of the folly of central planning and the limits of state power in the face of entrenched traditions and proven history.

Ransom Notes Radio | June 28, 2014

Can you imagine a world were the media didn’t go out of its way to protect Barack Obama? Yeah… Neither can we. The good news is that it’s getting a whole lot more difficult for the media to run cover for this administration.

Nick Sorrentino | June 28, 2014

It was already pretty dim for anyone who understands how insurance works. I used to be an insurance underwriter and I’ve been wondering since the beginning how anyone thought Obamacare was going to work.

Fri, Jun 27, 2014

Michael Schaus | June 27, 2014

The great whiskey drought of the 2010’s will soon be upon us. I know what you’re thinking: Is this how the apocalypse arrives?

Mike Shedlock | June 27, 2014

California Bill AB-129 Lawful Money passed the California Senate on June 19, and the Assembly on June 23. The bill now awaits signing by Governor Jerry Brown.

Charles Payne | June 27, 2014

There is no doubt that people are angry for good reasons. Median household income is lower than it was back in 1989. It is the perfect backdrop for the politics of envy and has been exploited masterfully.

Nicholas Vardy | June 27, 2014

Last week, an anonymous buyer, bidding by telephone at Sotheby’s on the Upper East Side in New York, paid a record $9.5 million for a British Guiana One-Cent Magenta postage stamp from 1856.

Doug Fabian | June 27, 2014

There are two perspectives that investors may use to assess emerging markets. In the first view, the easy-money policies of central banks are buoying the share prices of publicly traded companies and enhancing the returns for investors in emerging markets.

John Ransom | June 27, 2014

When the folks at the top grow so out of touch with the rest of us that they believe a vast majority of us will applaud any stupid thing they do because we are told to, well that’s not history, that’s an Aesop fable or a fairytale.

Night Watch | June 27, 2014

Without help from local tribes, ISIL would be fatally overextended. In any event, pockets of government forces remain active in Sunni Arab regions and they have slowed ISIL.

Daniel J. Mitchell | June 27, 2014

When I wrote recently that the IRS was corrupt, venal, and despicable, I didn’t realize that I was bending over backwards to be overly nice.

Bill Tatro | June 27, 2014

Willie Sutton was once asked why he robs banks. His response was simple “Because that’s where the money is!” Given the infinite wisdom of Senator Max Baucus, Representative Charlie Rangel, and Senator Harry Reid we are about to embark on a world wide search for money.

Peter Morici | June 27, 2014

The U.S. economy is set to take off. Scarred by the financial crisis but on their feet again, consumers will lead the economy to growth in the range of 3 percent through the end of 2015.

Thu, Jun 26, 2014

Harvey Mackay | June 26, 2014

Michael Schaus | June 26, 2014

I mean, it was no hurricane, or earthquake, or apocalyptic zombie virus outbreak, but it was still an excuse, right? Heck, I'm almost expecting Obama to blame Q1 GDP on a computer crash...

Mike Shedlock | June 26, 2014

The first quarter GDP initial projection was 0.1%. The second estimate came in at -1.0%. Today the third estimate came in at -2.9%.

Charles Payne | June 26, 2014

Tomorrow, state officials in California will review a petition to gain a vote in November that would reduce prison sentences for non-violent felonies. Backers claim that there are more than 800,000 signatures already, which exceeds the 504,000 signatures needed.

Night Watch | June 26, 2014

Now that Kyiv has agreed to hold talks with the eastern separatists, investing them with political standing, Putin can afford to be conciliatory.

Daniel J. Mitchell | June 26, 2014

Obamacare resulted in big increases in the fiscal burden of government (ironically, it would be even worse if Obama hadn’t unilaterally suspended parts of the law).

Peter Schiff | June 26, 2014

Recently Federal Reserve Governor Jeremy Stein commented on what has become obvious to many investors: the bond market has become too large and too illiquid, exposing the market to crisis and seizure if a large portion of investors decide to sell at the same time.

Bob Goldman | June 26, 2014

Instead of trying to accomplish 12 tasks at once -- and doing them all poorly -- reduce the number of tasks you tackle from 12 to one. You'll still do that one job poorly, but, at least, that leaves 11 jobs you haven't screwed up.

Ransom Notes Radio | June 26, 2014

GDP for the first quarter of the year actually contracted by almost 3 percent. In other words: Our economy is so bad we can’t weather a winter – and Obamacare isn’t costing workers enough to “save” our GDP numbers. Hooray Obamanomics, right?

Wed, Jun 25, 2014

John Ransom | June 25, 2014

There’s more proof that global warming is man-made than there is that the Obama version of economics has helped anyone*.

Michael Schaus | June 25, 2014

Apparently, in a “utopian” world, restaurants would ban tips and compensate their servers the same way that Chicago teacher unions compensate their rank and file: Without regard to performance, or competency.

Mike Shedlock | June 25, 2014

Here's the question of the day: Is there a climate bubble? In a New York Times op-ed, former treasury secretary Hank Paulson says there is.

Charles Payne | June 25, 2014

Obama is angling toward some kind of federal fund that would eventually be funded by "rich" workers with families, goals, dreams, and businesses where the nation would get out of its "outdated" ways of thinking.

Night Watch | June 25, 2014

Today, the Ministry of Defense said Iraqi forces have regained control of the al-Walid border crossing with Syria and the Turaibil border crossing with Jordan. The government's claim is not confirmed and appears doubtful.

Daniel J. Mitchell | June 25, 2014

I can’t resist noting that Hillary thinks giving speeches is “hard work.” Since I occasionally get paid to give speeches (though only a tiny, tiny fraction of the $200,000-plus that she receives), allow me to state for the record that it is the easiest money to earn.

Bill Tatro | June 25, 2014

In Vietnam we first sent in a few hundred military advisers. Then we followed with hundreds of thousands of troops. The outcome, of course, was Miss Saigon.

Dr. Ben Carson | June 25, 2014

The audacity of the U.S. Patent and Trademark Office in canceling the trademark of the Washington Redskins is frightening. When the government is in charge of deciding what is offensive and what is not, and has the power to punish the "offenders," we move further away from a free society and closer to a tyrannical nanny state.

Ransom Notes Radio | June 25, 2014

To put it simply, Obama doesn’t care about your job, your house, your education, or your income… He cares about politicking, with you as a prop. America is ready for an economic comeback – we just need a competent leader or two in DC to pull back the bureaucratic curtain.

Tue, Jun 24, 2014

Michael Schaus | June 24, 2014

I like a good cigarette and moules marinières as much as the next guy (unless, of course he’s French… then he might like it more) but, I’m not thrilled about living in the socialist-lite version of Europe’s paradise for workers.

Mike Shedlock | June 24, 2014

France is back in recession, with rising costs and falling output prices as well. Thank the socialist policies of Francois Hollande for this result.

Charles Payne | June 24, 2014

Two weeks ago, Eric Cantor turned the world of politics upside down with a crushing loss; it was the first time, ever, that a sitting majority leader lost a reelection attempt.

Night Watch | June 24, 2014

The Iraqi leadership apparently has decided to concentrate its resources for the defense of Baghdad. Thus, it is withdrawing forces from the periphery or cutting those forces off in order to find a defensive line it can hold.

Daniel J. Mitchell | June 24, 2014

With occasional exceptions such as Switzerland and Estonia, there’s rarely good news from Europe. At least with regards to fiscal policy.

Terry Savage | June 24, 2014

Ransom Notes Radio | June 24, 2014

There’s a reason the IRS believes they can get away with this fiasco… They’re the IRS. They’re pretty much the definition of “power”.

Ralph Benko | June 24, 2014

The devil, of course, is in the details. What rule should prevail? There is an almost superstitious truculence on the part of world monetary elites to consider the restoration of the gold standard.

Michael Schaus | June 23, 2014

I know that leftists like to portray Capitalism as a giant factory pumping radioactive sludge into some victimized river - but that’s just not the case.

Mike Shedlock | June 23, 2014

By executive order, president Obama has acted to cut greenhouse gas emissions in the US, allegedly to halt global warming. However, greenhouse gas production is a global thing so it's important to consider global ramifications of US policy decisions.

Political Calculations | June 23, 2014

Depending upon the household income of those who bought health insurance through the ACA exchanges, the amount of subsidies that they might need to repay when they file their 2014 income tax returns could be hundreds or thousands of dollars.

Daniel J. Mitchell | June 23, 2014

Since I’ve already created a Moocher Hall of Fame to acknowledge the strangest and most reprehensible examples of government dependency, it’s occurred to me that there also should be a Bureaucrat Hall of Fame...

Chris Edwards | June 23, 2014

A tragedy is unfolding in Texas as thousands of illegal immigrants are pouring over the southern border.

Mark Baisley | June 23, 2014

We are transitioning from the Information Age into the Applied Science Age. What this means above all is that assertions used to affect the behavior of others can be quickly confirmed or disproven.

Nick Sorrentino | June 23, 2014

As government has grown larger, as the cronies have amassed more power and money, the tools of law enforcement have become more powerful both on the street and in the courts.

Sun, Jun 22, 2014

Michael Schaus | June 22, 2014

Ok, I must be having a stroke: I think I agree with her words. Something tells me, however, that our solutions are probably a bit different.

Paul Dykewicz | June 22, 2014

The split, 2-1, decision by unelected trademark board members shows the increasingly heavy hand that politics is playing in the activities of the private sector.

John Ransom | June 22, 2014

This is what I say to union folks: You want to be involved in politics, then stop whining when politics don't go your way. You want to go back to bargaining for employees, rather than bargaining for politicians, then be my guest.

Political Calculations | June 22, 2014

It's often assumed that the kind of technology that automates the jobs that low income earners can do will come to replace the people who do those jobs. But is that really true?

Night Watch | June 22, 2014

Russian President Vladimir Putin spoke with Iraqi Prime Minister al-Maliki over the phone and expressed his support for Iraq.

Daniel J. Mitchell | June 22, 2014

One of the many challenges of being libertarian is that people sometimes think you’re naive about foreign policy.

Nick Sorrentino | June 22, 2014

The bureaucratic class is little understood by those outside of the DC metroplex. It is massive. It is well paid. It is powerful. And it is a danger to this country. That’s right a danger.


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