Law vs Legislation

cropped-bob-shapiro.jpg   By Bob Shapiro

In our society, and every society, there are rules. Ideally, all the rules are applied equally, and nobody feels put out by having to abide by them.

Some rules evolved naturally, as a consequence of some activity which people engaged in. That’s why in the US, and in many countries, we drive on the right. We decided, when we still were using horses and buggies, that keeping to the right – even when walking on the sidewalk – facilitated movement.

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Rates Are Rising For All The Wrong Reasons

By Michael Pento – Re-Blogged From http://www.Silver-Phoenix500.com

Wall Street carnival barkers are relishing in the fantasy that the economy has finally achieved escape velocity. Therefore, they accept with alacrity that this is the primary reason why interest rates have started to rise. However, the fact still remains for the first half of 2015 GDP growth will probably be less than 1%.

GDP contracted by 0.7% in the first quarter of 2015.  The Atlanta Fed, whose GDP Now calculation has been on the money, now sees second quarter growth at 1.9%. Therefore, it is prudent to conclude the most optimistic case for growth in the first half of the year will be about 1%.  Of course, the perpetually upbeat economists on Wall Street are always convinced the economy will skyrocket in the second half of each year. But still, if the Atlanta Fed is correct—and it looks like it will be spot on given the anemic data already released for April and May—annualized GDP for the first two quarters of 2015 will be running at a pace that is less than half of the 2.2% growth averaged since 2010.

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