Michael Shedlock's picture

The migrant worker agricultural jobs that few legal US citizens are willing to do for the price farmers are willing to pay will vanish within a decade as robots will soon be able to perform even those tasks cheaper.

John Mauldin's picture

It is pretty well established that a tax increase, especially an income tax increase, will have an immediate negative effect on the economy, with a multiplier of between 1 and 3 depending upon whose research you accept.

Chris Puplava's picture

The markets stalled this week and essentially traded sideways leading to a loss in short-term momentum; intermediate and long-term momentum still remain strong, however, along with the market's overall trend higher.

Bud Conrad's picture

The basic imbalance driving our economy is the government deficit, which spun out of control as a result of the Credit Crisis of 2008/9. But the sequester, improving tax base, lower interest rate, and elimination of stimulus spending have caused the big government deficit, while still extreme, to drop to half its previously nosebleed levels.

Tim W Wood CPA's picture

It seems to be human nature to hear what one wants to hear and most advisors, so-called “analysts”, newsletter writers and commentators seem to feed people the popular line. Why?

Michael Shedlock's picture

Proving that idiocy truly has no bounds, Spain issued a "royal decree" taxing sunlight gatherers. The state threatens fines as much as 30 million euros for those who illegally gather sunlight without paying a tax.

Marc Chandler's picture

Recent data suggests some moderation in the world's two biggest economies, the US and China, and some improvement in the weak sister of the major economies, the euro area.

Clif Droke's picture

How much longer can the Fed hold off the deflationary pressure from the 120-year Kress cycle? We discuss the answer in this commentary. Plus, current stock market condition in light of technical indicators, plus gold market update.

Gary Dorsch's picture

The value of gold has fluctuated wildly over the past few years. After rallying for 12-straight years, the yellow metal has tumbled as much as -38% from its all-time high of $1,923/ounce reached in August ‘11.

Charles Hugh Smith's picture

Purchasing power and exposure to real costs are more realistic measures of inflation than the consumer price index.