Someone said Taylor Swift?
We learn today that he's been charging the taxpayers rent for the accommodations used by the Secret Service as they provide security for him on his Delaware property.
Our neighbor to the North also suffered from an unexpectedly weak jobs report, the worst monthly job losses in more than four years.
Meet Rep. Kevin Brady (R-TX): the Six Trillion Dollar Man. Brady recently took the chair of Congress’s arguably most important inner think tank, the Joint Economic Committee. From this perch Brady is proposing to provide the combination to open the lock of a safe that holds $6 trillion in potential revenues for the federal government.
The ECB wants a cheaper euro, the Fed wants a cheaper dollar, China wants a cheaper yuan, and Japan wants a cheaper yen. Mathematical reality says that's impossible, yet that is what every country wants to achieve.
Before this column is done I’m going to make a point on federal spending that really should open your eyes. Actually, you will think that it’s so basic and simple that it’s a wonder nobody has presented it to you in this manner before!
To suggest that this is inflationary is a complete fantasy. It is aimed at stopping deflation. Over the past three years, nominal GDP in Japan has been roughly flat. In other words, total spending for the economy has been nil.
Surely, with all this drama, the death of the dollar was, or is, imminent.
We can expect recovery in the U.S. to remain slow and steady but equally uneven, which is why I’m scratching my head over why people seem so anxious to jump back into the real estate market.
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