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f-22-05-16-2018

From Strategypage.com:  An F-22 Raptor piloted by Maj. Paul Lopez performs a single-ship demonstration at the 2018 Power in the Pines Open House and Air Show rehearsal held at Joint Base McGuire-Dix-Lakehurst, N.J., May 4, 2018. The F-22 Demo Team is based out of Joint Base Langley-Eustis, Va. (U.S. Air National Guard photo by Master Sgt. Matt Hecht)

Driving Season Is Just Around The Corner

And it’s going to be the most expensive in years.  US Gas Prices have moved up to $2.91 (national average), highest level since early 2015.

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How do domestic gas prices stack up?  Not so bad actually:

Venezuela: $0.03

Saudi Arabia: $2.06

Russia: $2.64

US: $2.91

Mexico: $3.82

Australia: $4.13

Brazil: $4.35

India: $4.37

Canada: $4.49

China: $4.50

Japan: $4.91

South Korea: $5.50

Spain: $5.83

UK: $6.41

Germany: $6.42

France: $6.89

Italy: $7.11

Hong Kong: $7.93

Hat tip Charlie Bilello

 

Breaking Down America’s Worst Long-Term Challenges: #2- The Looming Retirement Crisis

https://www.zerohedge.com/news/2018-05-17/breaking-down-americas-worst-long-term-challenges-2-looming-retirement-crisis

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Climate Change Sham Explained

Constants

The only constants in investing are generalities, probabilities, rules of thumb:

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Great check list from Charlie Bilello

 

Best Month Ever

The lede:   The federal government took in a record tax haul in April en route to its biggest-ever monthly budget surplus, the Congressional Budget Office said, as a surging economy left Americans with more money in their paychecks — and thus more to pay to Uncle Sam.

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More:   All told the government collected $515 billion and spent $297 billion, for a total monthly surplus of $218 billion. That swamped the previous monthly record of $190 billion, set in 2001.

CBO analysts were surprised by the surplus, which was some $40 billion more than they’d guessed at less than a month ago.

Analysts said they’ll have a better idea of what’s behind the surge as more information rolls in, but for now said it looks like individual taxpayers are paying more because they have higher incomes.

Read the whole thing:  www.washingtontimes.com

 

Bulls Are Abandoning The Ship

As measured by The Consensus Inc bulls are now at 57%, the lowest level since the November 2016 election:

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As contrarians, this is certainly good news. 

Hat tip Helene Meisler/RealMoneyPro.com

Super Turn

fa-18-04-27-2018

From strategypage.com:  PACIFIC OCEAN (April 25, 2018) An F/A-18F Super Hornet assigned to the Mighty Shrikes of Strike Fighter Attack Squadron (VFA) 94 flies above the aircraft carrier USS Theodore Roosevelt (CVN 71). Theodore Roosevelt is underway for a scheduled deployment in the western Pacific. (U.S. Navy photo by Mass Communication Specialist Seaman Michael Colemanberry)

The Great Exodus

Voting with their feet.  The middle class is fleeing America’s blue states and no state is losing people as fast as California is.  The lede:   The cost of popular moving truck services, like U-Haul, is largely created through the ironclad rules of supply and demand. Turns out, there is much higher demand for trucks leaving high-tax blue states heading to low-tax red states than vice versa.

These facts are not coincidences. In fact, in 2016 the Golden State lost almost 143,000 net residents to other states — that figure is an 11 percent increase from 2015. Between 2005 and 2015, Los Angeles and San Francisco alone lost 250,000 residents. The largest socioeconomic segment moving from California is the upper-middle class. The state is home to some of the most burdensome taxes and regulations in the nation. Meanwhile, its social engineering — from green energy to wealth redistribution — have made many working families poorer. As California begins its long decline, the influx outward is picking up in earnest.

Read the whole thing:  www.thehill.com

GDP Headed To 15-Year High

From the CNSNews.com:    The Congressional Budget Office’s budget and economic outlook released this month projects that real Gross Domestic Product will grow by 3.3 percent from the fourth quarter of 2017 to the fourth quarter of 2018.  That would mark a 15-year high.

“In CBO’s projections, real GDP expands by 3.3 percent this year and by 2.4 percent in 2019,” says the CBO report. “It grew by 2.6 percent last year.”

The last time real GDP grew by more than 3.3 percent from the fourth quarter of one year to the fourth quarter of the next was in 2003, when it grew by 4.4 percent, according to the historical data published by the Bureau of Economic Analysis.

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Rollbacks matter…

Read the whole thingwww.cnsnews.com

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