Say’s Law of markets is a particularly potent antidote to worries about automation, displaced workers, the so-called “economic singularity” as well as any fears about a re-distributive shift in income from the poor to the rich from machines.

Retail bankruptcies soared 110% in the first half from the year-ago period, accounting for $6 billion in debt. The list includes name brands such as Gymboree, Payless, rue 21 and the Limited, all of which cited the Amazon affect as a contributor to their downfall.

There is no way that this is going to end well. “…our highly levered financial system is like a truckload of nitro glycerin on a bumpy road…”

The many flaws of survey data makes it a rather questionable foundation for economic science.

The budget deficit for President Trump’s first two years in office will be nearly $250 billion higher than initially estimated, hitting $702 billion in fiscal 2017, due to what appears to have been a calculation mistake: a shortfall in tax collections and a mistake in projecting military healthcare costs, according to budget chief Mick Mulvaney.

Long walks on the beach, holding hands in a hot-tub overlooking the ocean, working on your golf game…in Hawaii, treating the kids and grand-kids to treats and trips – we have all seen the commercials of how great ‘retirement’ can be (or could have been), if you just put a little more money into the stock market via your friendly […]

There really is no true market for gold, just a rigged game consisting of physical gold and paper gold trading side by side as if they were one and the same. They’re not. And the result? More and more paper gold is poised on top of on an inverted pyramid with less and less physical gold at the base distorting the actual price of physical gold.

American auto OEMs are panicked about the coming wave of lease returns and they’re apparently colluding with auction houses to help keep used prices higher for longer.

The borrower is the servant of the lender, and through the mechanism of government debt virtually the entire planet has become the servants of the global money changers.  Politicians love to borrow money, but over time government debt slowly but surely impoverishes a nation.  As the elite get governments around the globe in increasing amounts of debt, those governments must raise taxes in order to keep servicing those debts.  In the end, it is all about taking money from us and transferring it into government pockets, and then taking money from government pockets and transferring it into the hands of the elite.  It is a game that has been going on for generations, and it is time for humanity to say that enough is enough.

The experimental and destructive monetary policies of central banks are driving many to flee to cryptocurrencies in hopes of finding some stability.

On Tuesday, in its attempt to corner the last elusive space of the retail market – clothing –  Amazon announced the launch of Prime Wardrobe, “A New Fashion Platform” which will be included in current and future Prime memberships, Amazon said on its website. Essentially Prime Wardrobe will allow users to try clothes on before they buy and receive discounts.

Trump’s victory lap back in January after Ford cancelled plans for a brand new $1.6 billion production facility in Mexico may have been premature. As it turns out, per a press release from earlier this morning, one of the first strategic actions taken by Ford’s new CEO, Jim Hackett, will be to relocate the company’s ‘Focus’ production to China rather than Mexico.

The steep increase in credit card defaults in 1Q’17 and 4Q’16 was the largest since 2009, according to a report by Moody’s, which suggests that the US consumer is getting progressively weaker and is unable to support the spending needed to keep the US economy afloat.

Three years after legalizing cannabis, Colorado has the lowest unemployment rate in the country. According to Governor John Hickenlooper, multiple factors have contributed to Colorado’s job growth, including the state’s business-friendly policies and the state’s very low business tax rate. One of the main factors in Colorado’s successful economy, however, is undeniably the cannabis industry.

If this China-Saudi deal happens – yuan for oil – it’s another step closer to the grave for the petrodollar, which has dominated global finance since 1974.

Headlines blast that the US has enjoyed 80 months of continuous jobs growth with unemployment hitting 4.3% – the lowest since 2001. However, there is more to this “strong” number than meets the untrained eye.

If working is the price we pay to obtain things we want, then economic progress has always consisted of decreasing this price thanks to perpetual productivity growth.

Recently, the price of a Bitcoin has skyrocketed. Two explanations suggest themselves…