Saturday , 20 July 2019

Tag Archives: economy

Congress To Boost The Minimum Wage (And Teen Joblessness)

Authored by Richard Salsman via The American Institute for Economic Research, Economics 101 teaches us that whenever government policy mandates that a price be paid above the uncoerced, market-clearing (equilibrium) level, the result is a surplus. The labor market is no exception.  A mandatory minimum wage rate, to the extent it’s set above the market-clearing wage rate, causes unemployment. Studies show that ... Read More »

Allies Resist US Call For Anti-Iran Naval Force, Fearing It Would Worsen Tensions

Authored by Jason Ditz via AntiWar.com, As tensions have continued to rise between the US and Iran, American officials continue to try to court allies to join a naval force to safeguard key shipping lanes off the coast of Iran. So far, they don’t have any takers.  The Trump Administration has been keen to have other nations pay for the defense ... Read More »

An Unprecedented Market Divergence: Robots Are All In As Humans Flee

Last week, we observed that for stocks, it was once again a return to the most important question of 2019, namely “Why Do Stocks Keep Going Up”, at a time when tumbling bond yields continue to scream a recession is imminent… … when outflows from equity funds have never been greater… … and when inflow to bond funds are the ... Read More »

El Chapo Arrives At Supermax Prison After ‘Disappearing’ For Two Days

Joaquín “El Chapo” Guzmán, leader of the Sinaloa drug cartel, has arrived at the federal supermax prison in Florence, Colorado to serve out a sentence of life plus 30 years handed down on Wednesday. He was also ordered to pay $12.6 billion in restitution.  For two days, the 62-year-old Guzmán’s whereabouts remained unknown – even to his lawyers, after federal authorities removed him from ... Read More »

Hyperinflation Is Back: “Zimbabwe Burns While The Lights Are Out”

Submitted by Cathy Buckle, who writes in to describe the rapidly deteriorating economic situation in Zimbabwe, and the nation’s second encounter with hyperinflation in under two decades; to receive her letters from Zimbabwe by email contact [email protected] “Zimbabwe burns while the lights are out” Dear Family and Friends, A red light or high pitched alarm are the two most dreaded ... Read More »

Hundreds Of US Troops Begin Deployment To Saudi Arabia To Counter Iran

The deployment of hundreds of US troops to Saudi Arabia as part of a build-up to counter Iran in the region amid soaring tensions and a dangerously ratcheting “tanker war” has begun, The Wall Street Journal reported Friday night.  The Pentagon first revealed on Wednesday that 500 of the 1000 total troops announced by the White House last month to bolster US presence ... Read More »

Dave Collum Goes Deep On “Conspiracy Theories”: 9/11, Epstein, Pizzagate, JFK, & The Vegas Shooting

Cornell professor, and long-time Zero Hedge friend, David Collum recently appeared on an episode of the Quoth the Raven podcast to talk all things conspiracy. Collum is an economic commentator, chemist, Betty R. Miller Professor of Chemistry and Chemical Biology at Cornell University and is known for writing his “Year in Review”, which appears here on Zerohedge at the end ... Read More »

How A Leftist Echo Chamber Became The New Norm On Campus

Authored by Phillip Magness via The American Institute for Economic Research, A pronounced and growing hostility to free markets has turned the academic humanities into an ideological echo chamber. Over the past 20 years, faculty in English, history, foreign languages, and philosophy have shifted sharply to the political left, resulting in a nearly complete exclusion of dissenting perspectives from these fields. ... Read More »

“Run Away!”: Tesla Drops Restraining Order Against Short-Seller After Court Asks For Actual Evidence

Back in April, we reported on the story of Tesla being granted a temporary restraining order against one of its critics, Randeep Hothi, who posted on Twitter under the name @skabooshska. Since then, Hothi’s legal defense GoFundMe has raised more than $118,000, allowing him to retain capable counsel, which has paid off for him.  Yesterday, it was reported that Tesla dropped ... Read More »

“The Rich Are Building Bunkers” – Jim Rickards Warns “Nothing Is Fixed”

Via Greg Hunter’s USAWatchdog.com, Best-selling financial author James Rickards says “We are still in the aftermath of the 2008 – 2009 financial crisis.” In the up-coming book titled “Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos,” the crisis of the Great Recession may be over, but “nothing is fixed.” Rickards explains, “I understand the economy has been expanding for 10 years, ... Read More »