It is the 21st of March 2018


Goldilocks Gone: Yields, Stocks, Dollar Down... Russia, China Tensions Up

Worst streak of declining retail sales since 2015, Russia-UK tensions, tumbling GDP expectations, and trade-war escalation and retaliation looming was apparently enough to kill goldilocks.

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Trump: Get Ready For The "Space Force"; Mission To Mars "Very Soon"

President Trump told a crowd of U.S. Marines at Miramar Air Station in San Diego of a proposal to expand the U.S. military's reach into space in order to engage in warfare, which would require a, drumroll.... "space force."

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New Jersey Prepares To Raise Taxes On "Almost Everything" As It Nears Financial Disaster

Last week we noted that in what was a radical U-turn to what other public pension funds have been doing in recent years - most notably Calpers  - the struggling New Jersey public pension system decided that instead of lowering its expected rate of return, it would raise it, from 7% to 7.5%.

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BofA Deposit Data Shows A Massive Jump In Wages And Salaries, But There's A Catch

When it comes to measuring Americans' income and wages, one can use the brute, seasonally-adjusted shotgun approach applied by the BLS which takes aggregate data and applies statistical analysis to infer monthly data, or one can actually go bottoms-up and look at credit and debit card spending data coupled with changes in bank deposits to determine net changes in household wealth with near Swiss-watch precision.

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