News Story of the Day: Is a strong dollar helping inflated inflation pressures? Investors are viewing the greenback as a safe-haven asset during the trade war.
According to the Bureau of Labor Statistics (BLS), U.S. import prices fell 0.6 percent in August, the biggest decline since January 2016. This followed a downward revision of 0.1 percent in July.
In the 12 months through August, import prices increased 3.7 percent.
Chart of the Day: MarketWatch is out with another interesting chart about the current nine-year bull market. Here is a look at what has happened since December 2008:
Illustration of the Day: Can you believe that it has already been a year since the Counterfeit News Network blackmailed a kid for making a meme? The unidentified person had to post an apology and promise never to do it again, but this is what really happened:
Quote of the Day: The financial markets are still anticipating a bull market for another couple of years. But Peter Schiff, president and CEO of Euro Pacific Capital, expects something different, writing:
“The economy is basically running on fumes from the tax cuts right now. It will eventually roll over into recession. The Fed will end up cutting rates and launching another round of quantitative easing. Ultimately, the dollar is just going to implode.”
Tweet of the Day: Maxime Bernier has formed the People’s Party of Canada. Let’s hope it stands for free markets, capitalism, and other libertarian principles.
Maxime Bernier announcing the name, logo and website address of the new party this morning in Ottawa. pic.twitter.com/5yGZf9CY0V
— People’s Party of Canada (@peoplespca) September 14, 2018
Video of the Day: Grab the popcorn. Here is an interview between Tucker Carlson and porn lawyer Michael Avenatti:
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