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1. At $50 a barrel, North Slope oil from Alaska is not at the break even point. Alaska’s economy will continue to tank. The state was paying the oil companies subsidies even when the price was over $100 a barrel. Now that the state has emptied their coffers providing welfare to their residents for the past few years waiting for the price to recover, a lot of folks are going to have a tough winter dealing with a dried up well.

   Meanwhile, if domestic logistics in the lower 48 can recover from the bad weather events, we had a pretty good bumper crop nationally on most commodities. With lower transport costs persisting, I would expect to see a little consumer deflation (financial matters will continue to flounder). I’d look for gold to drop price to perhaps <$1k/oz, assuming the gummit doesn't do something drastic, like drag us into a war or some such.

2. About the GDP

   The govment has been fudging the numbers on GDP and inflation for decades, and over the last 20 years its gotten far worse. For those that missed it or those that haven’t watched a short presentation on GDP and inflation, check this out from the crash course at Peak Prosperity

   https://www.peakprosperity.com/video/85854/playlist/92161/crash-course-chapter-18-fuzzy-numbers

3. Trump on Puerto Rico’s debt: ‘We’re going to have to wipe that out’
   Fox News
   http://www.foxnews.com/politics/2017/10/03/trump-on-puerto-ricos-debt-were-going-to-have-to-wipe-that-out.html

   From past years, I thought this was going to be a major issue, but now it is forgiven?

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