This Wall Street Journal story about the gilded underworld of “site selectors,” the consultants who help corporations milk state and local governments for subsidies, is an excellent demonstration of why the entire practice should be illegal.

Today, for the first time since 2007, the yield curve inverted, which traditionally signals a looming recession. “Yield curve inversion.” Practice saying this as you stand on the unemployment line. Sounds smart.

A carbon tax—a radical socialist idea that would surely destroy the American economy—has been endorsed by yet another radical socialist group: four former chairs of the Federal Reserve. These “green” wackos simply don’t understand Economics 101.

Financial giant Blackstone, led by Trump-whisperer Steve Schwarzman, is raising a $20 billion real estate fund that will give it a buying power “more than the total value of all the commercial property purchased New York, Chicago and San Francisco in the first 11 months of 2018.” Oh... good.

In 2018—for the first time in ten years—hedge funds performed slightly better than a simple, low-cost index fund. “Being paid a zillion dollars for being barely worthwhile once a decade” is the American dream, and we applaud hedge funds for setting an example.

Every single Ivy League endowment—managed by some of the most “sophisticated” investors in the world—failed to beat the performance of a simple 60% stocks/ 40% bonds portfolio over the past ten years. The investment advice industry is a scam.