After its $10-Billion Loss in Q4, GE “Restates” Earnings for 2017 and 2016

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter A classic Friday night bad-news SEC-filing dump. It’s not like General Electric doesn’t already have enough existential problems, ranging from its $29-billion pension-fund “nightmare” to the $9.8 billion loss in Q4 that it reported in January. … Read more

Graph depicting reasons for decline of living standards in America. Price changes of Selected U.S Consumer Goods & Services & Wages from 1997 – 2017.

The ruling class made things cheaper that would pacify the increasingly impoverished US middle class, while gouging the price of everything important. As you can clearly see from this graph from the American Enterprise Institute, a conservative think tank, shows … Read more

US Treasury Posts Gigantic $1.16 Trillion Shortfall in Fiscal 2017, Hilariously Points out “Where We Are Headed”

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Just add tax cuts and ballooning expenditures. The media chose to silence the report to death.   “If a tree fell in a forest and nobody heard it, did it really make a sound?” asks our … Read more

The Numbers For Health Care Spending in 2017 Were Just Released and It’s Bad Folks!

The Numbers For Health Care Spending in 2017 Were Just Released and It’s Bad Folks! redstatewatcher.com/article.as… www.axios.com/health-care-spe… redstatewatcher.com/article.as… BIAS ALERT: ABC News blames the Florida high school shooting on the Rob Porter controversy. pic.twitter.com/tO6VXbm4wX — Wired Sources (@WiredSources) February 14, … Read more