Financial Sense

March Consumer Confidence Highest Since 2000
Doug Short's picture

The latest Conference Board Consumer Confidence Index was released this morning based on data collected through March 16. The headline number of 125.6 was a sharp increase from the final reading of 116.1 for February, an upward revision...


Will Tax Reform Fare Any Better Than Obamacare Reform?
Michael Shedlock's picture

Now that Obamacare is dead and buried, at least for the near future, all eyes are on tax reform. Can House Speaker Paul Ryan herd enough House cats in a tax bill that’s also acceptable to the Senate?


A Change in the Wind
Matthew Kerkhoff's picture

Markets are reacting to Friday’s abandonment of the GOP health care plan, and so far the narrative is one of uncertainty regarding the high expectations that have been set over recent months. The new health care bill was seen as the...


Google’s DeepMind Wants to Enter the Grid
Monty Guild's picture

At the beginning of the year, we wrote about Alphabet’s [NASDAQ: GOOG] acquisition of a British artificial intelligence (AI) startup called DeepMind. DeepMind made headlines last year when its AlphaGo program defeated...


Forget ObamaCare, RyanCare, and any Future ReformCare—the Healthcare System Is Completely Broken
Charles Hugh Smith's picture

As with many other complexities, opaque systems in the US, only those toiling in the murky depths of the healthcare system know just how broken the entire system is. Only those dealing daily with the perverse incentives...


Stock Market Getting Ready for a BIG Move; Risk to the Downside
Jeffrey D Saut's picture

“Pull” is a term used in shooting sporting clays, which are supposed to represent real birds and sharpen the shooter’s ability to actually hunt live birds. The term is yelled by the shooter to tell the person operating the trap to launch...


What Obamacare’s Failure Means for America
Clif Droke's picture

The first legislative setback of the Trump Administration is being celebrated by many, but not by middle-class taxpayers and business owners. A Republican-led Congress last week failed to generate the consensus required to overturn...


Should We Pay Off $20 Trillion in National Debt by Selling Federal Assets?
FS Staff's picture

Total US debt is closing in on $20 trillion but it appears as if President Trump may be considering a fire sale of government assets to pay it off. Not only would this lower or completely wipe out the entire US national debt but it would also simultaneously shrink the size of...


Atlanta GDPNow Confirms “Hard” Data Still Disappointing
Patrick O'Hare's picture

Have you checked the forecast lately? It calls for a continuation of gray skies and cool temperatures across the country. What a bummer... and what a misdirection. We're not alluding to the weather forecast. Rather, we are alluding to...


The Difficulties in Making US Manufacturing Great Again
Global Risk Insights's picture

Donald Trump ran for president promising to return American manufacturing and jobs to Rust Belt states workers. He promised that jobs would come roaring back and that it was the fault of China, bad politicians, and crooked owners...


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