I did not have an initial number at the start of the quarter other than “I’ll take the under, way under” in response to initial estimates from GDPNow.

I expect I will be saying the same thing again.

The only things holding up the economy are housing and aircraft orders. I believe the latter has skewed many of the soft data regional Fed reports.

Hard data is starting to look ugly. Autos have rolled over, bank lending has rolled over, retail sales have been weak, and credit card defaults are up sharply.

This is also, as abolitionist Frederick Douglass noted, the definition of slavery: “I didn’t know I was a slave until I found out I couldn’t do the things I wanted.”

You want to know what it means to be a slave in the American police state?

It means being obedient, compliant and Sieg Heil!-ing every government agent armed with a weapon. If you believe otherwise, try standing up for your rights, being vocal about your freedoms, or just challenging a government dictate, and see how long you last before you’re staring down the barrel of a loaded government-issued gun.

According to former Israeli Defense Minister, Moshe Ya’alon, Tel Aviv remains so “neutral” in the Syrian conflict that even Islamic State terrorists have, on at least one occasion, “apologized” to Israel for mistakenly attacking IDF soldiers in the occupied Golan Heights.

...he warned Islamist extremists he could be “50 times” more brutal than those beheading people and go as far as to eat the terrorists’ internal organs.