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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This is why Donald Trump is President: the economic isolation of the Federal Reserve

From CNNMoney: Fed official: U.S. economy finally back to normal by Heather Long | @byHeatherLong | March 29, 2017: 2:42 PM ET Congratulations, America. The economy is finally back to normal.That’s what John Williams, the head of the Federal Reserve Bank of San Francisco, declared Wednesday. “The data have spoken, and the message is clear: …

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The Fed and its economic biases

We have frequently noted how poorly the Federal Reserve has done on its economic prognostications. Now, The Wall Street Journal catches up with us: The Fed Is Stuck in the Past With Its Forecasts of the Future Recent economic forecasts that have missed the mark suggest a flaw in the central bank’s approach By James …

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The problem of remittances

From CNNMoney: I send money home to Mexico to support my family by Patrick Gillespie | March 20, 2017: 12:16 PM ET Dalia Maldonado is considered a life saver by her family and friends in Mexico. She paid for her father Francisco’s knee surgeries. She pitched in $400 for her friend Esmeralda’s leukemia treatment. And …

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Why the enforcement of immigration laws should please the left

From eater.com, a food and restaurant site: How Immigration Raids Destroy the Lives of Food Workers Comparing the tactics of Trump’s administration to the Bush era by Tove Danovich | March 16, 2017, 2:02pm EDT On February 22, 2017, exactly 55 unauthorized workers1 went missing from Mississippi restaurants after Immigration and Customs Enforcement agents (ICE) …

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The February unemployment figures

From The Wall Street Journal: In Office, Trump Changes His Tune on Job Growth Numbers He Once Denounced Democrat Party chief says ‘Thanks, Obama!’ By Daniel Nasaw | March 10, 2017 | 12:44 pm ET President Donald Trump and his allies on Friday cheered a report that the U.S. economy had created 235,000 jobs in …

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Most economists oppose President Trump’s immigration policies

Heather Long tweeted: Over 200 economists disagree with Trump on immigration, NAFTA and the debt, according to @business_econ survey https://t.co/AOgvIItBU2 — Heather Long (@byHeatherLong) March 6, 2017 To which I responded: Would those be the same economists who predicted a stock market decline if Trump won? https://t.co/be9JYutNZv https://t.co/E2Jaypbxi1 — Dana Pico (@Dana_TFSJ) March 6, 2017 …

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Things are looking up, but are things looking better than they really are?

I absotively, posilutely despise CNNMoney’s term “Trumponomics.” Nevertheless, this is a completely fair and unbiased article from them: Trump’s economic boom: 3 red flags by Heather Long | @byHeatherLong | March 2, 2017: 3:29 PM ET President Trump is already taking a victory lap on the economy. “Since November 8th, Election Day, the Stock Market …

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Three stories from the Lexington Herald-Leader

From the Lexington Herald-Leader: Eatery gains world attention hosting Beshear’s reply to Trump speech By Cheryl Truman | ctruman@herald-leader.com | March 1, 2017 3:06 PM EST The first Karin West knew of her diner’s impending worldwide exposure was when someone from Lexington Mayor Jim Gray’s office called to ask whether Lexington Diner could host a …

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A steel industry revival in Pennsylvania President Trump gets part of the credit

From The Philadelphia Inquirer: Energy boom, rail hopes, Trump order stoke Pa. steel revival by Joseph N. DiStefano, Staff Writer @PhillyJoeD | JoeD@phillynews.com | Updated: February 28, 2017 — 11:43 AM EST “It has been a brutal 20 years” for eastern Pennsylvania steelmakers, and now the industry’s growing again, says Wayne-based engineer James L. Barends, …

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