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Angst in America, Part 5: The Crisis We Can't Muddle Through

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by John Mauldin, Thoughts from the Frontline

'The ship of democracy, which has weathered all storms, may sink through the mutiny of those on board.'- Grover Cleveland, the 22nd and 24th president of the United States

'It is your concern when your neighbor's wall is on fire.'- Horace

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What We Read Today 27 April 2017

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).

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Every day most of this column ("What We Read Today") is available only to GEI members.

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 more features, analysis, studies, and news published in the last week

Was Marx Right?

by Philip Pilkington

Well, it looks like The New York Times has opened a bit of a can of worms by asking Was Marx Right?. I generally find that this question to be a bit annoying. Was Marx right about what, specifically? That labour is the True and Only source of value? No, he was wrong on that. That communism was an inevitable outgrowth of capitalism? He's been wrong on that - so far, at least. That capitalism was prone to financial crises? Yes, he was quite right about that.

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Infographic Of The Day: These Are The Countries Most and Least Prepared For Cyber Attacks

From Russia's alleged role in the DNC hacks to this month's revealing Vault 7 leak of nearly 9,000 CIA documents, it should now be clear that keeping data safe is of paramount importance for any organization.

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Video of the Day:

5G looks to be the next big thing in mobile technology - but just how fast is it, really?


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Current Weather Outlook

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Typical Spring weather. There is a hint of El Nino gaining ground but there are other reasons for thinking that we may be setting up for an active Atlantic Tropical Storm Summer. Generally those two concepts do not coexist well but since Summer happens before Winter it might be possible.

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Trump's Tax Plan Is Brilliant Politics And Even Better Economics

by Jeffrey Tucker

Donald Trump's tax plan seems to mark a new chapter in his presidency, from floundering around with strange and sometimes scary policies (bombings, border closings, saber rattling) to focusing on what actually matters and what can actually make the difference for the American people and the American economy.

trump.triumphant

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 USA economy at a glance (boxed items are updates in last 7 days)

March 2017 Philly Fed Coincident Index Ticks Marginally Up

The year-over-year rate of growth of the US Coincident Index marginally increased relative to last month's downwardly revised level. A comparison of this US Coincident Index with the Aruoba-Diebold-Scotti business conditions index, Conference Board Coincident Index, ECRI's Coincident Index, and the Chicago Fed National Activity Index follows.

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