ECONOMICS

Authored by Jeffrey Tucker via The Epoch Times,

Ever since I started writing about fishy government economic statistics, I’ve been flooded with a fun series of letters from current and retired bean counters. They are thrilled that I’ve taken up the topic and have added various insights. The most compelling point I’ve seen—one that had not occurred to me—comes down to the innumeracy of the employees themselves. They lack the basic intuition to see where their figures just (more…)

Authored by Mike Shedlock via MishTalk.com,

A modified McKelvey recession indicator with no false positives or false negatives since 1953 suggests we are in recession now.

100 percent of the time, with no false positives or negatives, under current conditions, the economy has been in recession.

What is the McKelvey Recession Indicator?

Take the current value of the 3-month unemployment rate average, subtract the 12-month low, and if the difference is 0.30 percentage (more…)

Two days ago when president Trump first floated the idea of a sovereign wealth (more…)