The Fiat Money Maestro

From DOJ To Ballot Box: The Rise Of Lawfare Candidates Authored by Julie Kelly via RealClearInvestigations, One of the beneficiaries of Virginia’s aggressive attempt to gerrymander the state for Democratic advantage could be a former federal prosecutor whose campaign for Congress hinges on his efforts to use the law to target President Trump and his supporters. When a slim majority of Virginia voters gave the legislature authority last month to create congressional districts that could give Democrats a 10-1 advantage, J.P. Cooney cheered the outcome in a message on social media, boasting that the...

Despite Record Low Sentiment, US Retail Sales See Strongest Annual Gain In 8 Months After a big jump in March, retail sales likely cooled in April, according to BofA's almost omniscient forecast as they see spending on gasoline providing a smaller boost and auto sales moderating, after an early Easter pulled forward some seasonal demand into March. The “holiday shift” dynamic also may have contributed to softer activity after Easter. However, the actual print was +0.5% MoM (as consensus expected - and hotter than BofA's forecast), lifting sales by 4.9% YoY...