The financial markets are doing exactly the opposite of what was predicted if Donald Trump won

From Robert Stacey Stacy McCain: Amid Dow Boom, Liberal Media Gloom Posted on | December 5, 2016 | In the weeks leading up to the Nov. 8 election, Democrats and the media (but I repeat myself) warned of economic disaster if Donald Trump won. “Economists: A Trump win would tank the markets,” was the Oct. …

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The Italian referendum: a harbinger of things to come? In the end, the European Union is an unworkable idea

From The New York Times: Italy’s Premier, Matteo Renzi, Suffers Stark Defeat at Hands of Populism By Jason Horowitz | December 4, 2016 ROME — Italy plunged into political and economic uncertainty early Monday after voters rejected a constitutional reform upon which Prime Minister Matteo Renzi had staked his government. The result is certain to …

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The growth of bad jobs: a look at the official unemployment numbers Real unemployment is reflected in U-6, not the official U-3 numbers

From The Wall Street Journal: U.S. Nonfarm Payrolls Rose 178,000 in November; Unemployment Rate Falls to 4.6% Federal Reserve is likely on track to raise interest rates later in December By Jeffrey Sparshott | Updated Dec. 2, 2016 12:03 p.m. ET WASHINGTON—U.S. employers hired at a steady clip in November while the unemployment rate fell …

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€urosclerosis: What the Greek banks want, and what it would mean in the United States Just another proposal to take people's money

The Greek economic crisis hasn’t been talked about as much as it had been, but it still exists. From Greek Reporter: Greek Banks Propose Tax on Cash Withdrawals to Curb Tax Evasion By Philip Chrysopoulos | November 28, 2016 Greek banks have proposed taxation of cash withdrawals so that Greeks make more electronic transactions as …

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China blusters, but it exposes their weaknesses

From my favorite CNNMoney reporter: China warns Trump: Good luck bringing jobs back to U.S. China appears to be sending a message to President-elect Donald Trump: Good luck competing against us on manufacturing. by Heather Long | @byHeatherLong | November 30, 2016: 2:11 PM ET Mere hours after Trump, Vice President-elect Mike Pence and Carrier …

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How Donald Trump can help the American working class

From The Wall Street Journal: Small Businesses Lament There Are Too Few Mexicans in U.S., Not Too Many As the labor market tightens and the population of undocumented immigrants shrinks, employers in low-skill industries such as hospitality, construction and agriculture scramble to fill jobs By Miriam Jordan and Santiago Pérez | Updated Nov. 28, 2016 …

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#NationalDebt : It will be over $20 trillion when Barack Obama leaves office

In the left hand sidebar, The First Street Journal maintains a link to Treasury Department’s listing of the National Debt, to the penny. As of yesterday, the National Debt stood at $19,929,184,161,352.13. On November 29, 2015, a year previously, the National Debt stood at $18,782,451,267,806.04. That means that we’ve added $1.147 trillion to the debt …

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The Success of Socialism: Part 5 And here I thought that socialist governments were supposed to make things better for the common people!

We have written about Venezuela’s economic crisis previously, and things are only getting worse. From CNNMoney: Venezuela’s currency is in ‘free fall’ Venezuela’s currency continues to collapse. by Patrick Gillespie | @CNNMoneyInvest | November 29, 2016: 10:30 AM ET Just in November, the bolivar has lost 55% of its value. It’s the latest sign of …

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There is no good reason for the Federal Reserve to raise interest rates right now

From The Wall Street Journal: Fed Rate Rise Could Come ‘Relatively Soon’ as Data Point to Stronger Economy Fed Chairwoman Janet Yellen tells Congress the economy is making ‘very good progress’ amid some of the best government data in decades on housing, jobless claims and inflation By Kate Davidson | Updated Nov. 17, 2016 9:57 …

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The Wall Street Journal and a poor story on immigration

It was the last line that caught my eye: Grinning, (Yves Nzosaba) said he was about to purchase a Ford Mustang, the iconic American car. Ms. Caplice scrunched up her face. “That’s not good in the snow!” she said. Don’t I know it! My darling bride (of 37 years, 5 months and 28 days) used …

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