A few links, one graph and some music.
What Would Hunter Thompson Do? (not the actual title, Counterpunch, hilarious, must read).
A trucker explains why we Americans are totally fucked (Vox interviewer doesn't get it)
NPR celebrates the DNC (Hillary hagiography, fawning, suck up, brown-nose, ass-kissing, have a bucket handy)
The DNC was one big corporate bribe (The Intercept, lots of disgusting details, bucket again)
Our Next Secretary of the Treasury? (The Intercept again, "shadow banking" is such an ugly term)
Meanwhile, our phony economy is limping right along, but Vladimir Putin and Donald Trump are the only thing the media can talk about (Reuters spin below).
The U.S. economy grew far less than expected in the second quarter as inventories fell for the first time since 2011, but a surge in consumer spending pointed to underlying strength.
Gross domestic product increased at a 1.2 percent annual rate after rising by a downwardly revised 0.8 percent pace in the first quarter, the Commerce Department said on Friday. The economy was previously reported to have grown at a 1.1 percent pace in the first quarter.
Economists polled by Reuters had forecast GDP growth rising at a 2.6 percent rate in the last quarter.
Whoops! OK, ready?
While the drop in inventories weighed on GDP growth last quarter, that is likely to provide a boost to output for the rest of the year. The Federal Reserve said on Wednesday that near-term risks to the economic outlook had “diminished.”
The government also published revisions to data going back to 2013 through the first quarter of 2016 (graph below from the WSJ).
Have a nice weekend.