Basic Income Will Kill the Economy
In a world where machines can make perfect burgers, there’s no need for $15-an-hour burger flippers. But the solution, basic income, is more science fiction than fact.
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U.S. Economy
The Market’s Breaking Point
Price discovery. Never heard the term? Remember it, because it explains the logic defying melt-up the market is going through right now.
Obama’s Market Meltdown
Since 1920, only six presidents have served a full two terms, or eight years. Obama is about to make it seven, resulting in a rare market cycle with an ominous outlook.
Breaking the American Consumer
Every bit of economic data is dished up for consumption. A one-off snapshot that says nothing about the true state of the U.S. economy … that a consumer-driven downturn on the way.
Jobs Data You Can’t Afford to Ignore
Wall Street celebrated on Friday, roaring higher July’s jobs data. But it’s too early to give the all-clear, and it’s definitely far too early for the Fed to start raising rates.
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