The Success of Socialism: Part 9 — #Venezuela is in default

From CNN Money: Venezuela just defaulted, moving deeper into crisis by Patrick Gillespie | November 14, 2017 | 8:10 AM ET Venezuela, a nation spiraling into a humanitarian crisis, has missed a debt payment. It could soon face grim consequences. The South American country defaulted on its debt, according to a statement issued Monday night …

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Worst proposal ever! President trump wants to "wipe out" Puerto Rico's debt

Worst proposal ever! From CNNMoney: Trump on Puerto Rico debt: ‘We will have to wipe that out’ by Jethro Mullen and Matt Egan | October 4, 2017: 6:35 AM ET President Trump on Tuesday raised the prospect of wiping out hurricane-ravaged Puerto Rico’s crushing debt load. “They owe a lot of money to your friends …

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Very little of substance has been different during the first nine months of the Trump Administration than it would have been had Hillary Clinton won the election

Heather Long tweeted: Investors sure aren't worried about much… they keep brushing off hurricanes, North Korea nukes, the Fed and DC politics https://t.co/j8qmInOzs6 — Heather Long (@byHeatherLong) September 20, 2017 The truth is that I’d brush off those things, too. North Korean nuclear weapons and ballistic missiles? It’s a really bad thing that they have …

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Utter insanity in the stock market

Today’s big headline: Tesla is worth more than Ford — and GM is in sight by Paul R. La Monica | April 3, 2017: 3:32 PM ET Move over, Ford. Tesla is now the second most valuable car company in America. Tesla’s stock surged nearly 6% on Monday to an all-time high after the maker …

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Will real growth improve under the Trump Administration? Not if the Fed and the left can prevent it!

The tweet caught my eye: Even if the economy grows at a modest 3% over the next few years, Trump will likely be able to take a victory lap. https://t.co/DWoHMJPa1S — CNNMoney (@CNNMoney) March 22, 2017 Modest? By long-term historical standards, certainly, but the professional economists, including the Federal Reserve, seem to think that roughly …

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Will the Federal Reserve openly fight President Trump’s economic policies?

The United States’ gross domestic product grew by a paltry 1.6% in 2016, the worst year since 2011, and that growth rate was lower than the Federal Reserve Board’s projection of a 1.9% growth rate, made when the year was already 11½ months over. The growth rate for just the fourth quarter of 2016 was …

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The #DefiantGirl statue

From CNNMoney: Fresh evidence women are better investors than men by Heather Long | @byHeatherLong | March 8, 2017: 3:45 PM ET Have you seen the statue of the “fearless girl” facing the Wall Street bull? State Street Global Advisors put up the statue to mark International Women’s Day and it’s getting a lot of …

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Republicans and Democrats on economics

We noted, last September, an article by Heather Long stating that, “The general public has ‘extremely little factual knowledge’ about the job market and labor force,” and: The U.S. unemployment rate is only 4.9%, but 57% of Americans believe it’s a lot higher than that, according to a new survey by the John J. Heldrich …

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The professionals keep telling us stocks will drop; the investors keep pushing stocks higher

From CNNMoney: Wall Street is getting worried about Trump by Chris Isidore and Heather Long | February 8, 2017: 7:04 PM ET Powerful voices on Wall Street are expressing concern that President Donald Trump isn’t going to be everything that investors had hoped for. In recent days, three of the nation’s largest banks have issued …

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How ’bout that? Hillary Clinton’s son-in-law shuts down hedge fund a month after she loses presidential election!

From Bloomberg: Chelsea Clinton’s Husband Closes His Hedge Fund by Saijel Kishan | February 8, 2017, 9:48 AM EST Eaglevale Partners, the hedge fund co-founded by Marc Mezvinsky, the son-in-law of Hillary and Bill Clinton, closed in December, according to a person with knowledge of the matter. Eaglevale, based in New York, is in the …

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