Postcards: American Grift, Negative Momentum, and a Shifting Fed Narrative

We're playing catchup from the weekend, so let's cover a few tales of Washington chaos and problems at the Federal Reserve

Dear Fellow Expat:

It’s been a long two days dealing with back spasms. My back tends to lock up when I fly, leading to a tough recovery cycle.

Today, I wanted to share a few stories with you that are very important. We’ll also return to many of them in the coming weeks.

They’re tales of grift, insolvency, and a market under severe pressure.

This American Grift

We know that Congress' fiscal policy and the Fed's monetary policy are the sources of all our problems.

We'll get to the central bank in a moment, but first, I wanted to expose the latest grift in the halls of Congress.

The American Water Works Association announced several recommendations for a “sustainable” water future.

When you hear the word "sustainable," just be aware that a handful of think tanks “reimagined” the future of water - as if we need people reimagining things that will only make life more expensive.

Well, here’s where I scratch my head.

Republican Senator Markwayne Mullin just announced the purchase of Badger Met…