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Misleading With Numbers: It’s Worse When The Government Does It

Authored by Gary Galles via The Mises Institute, Major international comparisons have long concluded that Americans’ ability to effectively utilize mathematics is inadequate. Such conclusions divide students, parents, teachers and administrators into camps that share little more than blaming others for the problems. However, it is unclear whether all the finger-pointing indicates a real desire […]

Trump Reportedly Asked Rosenstein “Are You On My Team?” Ahead Of Congressional Testimony

Ignoring objections from the FBI and Deputy Attorney General Rod Rosenstein, President Donald Trump is by all accounts preparing to release the controversial “FISA memo”, which was assembled by House Intel Chairman Devin Nunes. Top Democrats – who once echoed criticisms from inside the DOJ – now admit that the memo’s contents – once said […]

Facebook Tumbles After Daily Users Miss, Zuck Warns “Users Spending Less Time” On Site

Amid Capitol Hill hearings, shifts in the news strategy, promoting local content, kicking out Russian spies and banning bitcoin ads, Facebook managed to beat Q4 revenue expectations, with Revenue printing st $12.97BN, above the $12.55BN estimate, however EPS missed, coming in at $1.44, below the $1.95 expected as a result of the impact of tax […]

The Yield Curve Is Crashing

Since the hawkish Fed statement, things have escalated quickly… The dollar has rolled over from kneejerk gains. Stocks have tanked (not helped by Green’s “bubble” comments). And the yield curve has collapsed… 2s30s is down over 5bps now, back below the critical 80bps level and set for its flattest close since Oct 2007. As 30Y […]