by Umar Farooq Apple’s stock is driving upwards due to investors’ expectations that the new iPhones launch, due in September, on the 10th anniversary of the original iPhone’s introduction, will be dazzling enough to inspire existing iPhone users to upgrade and prompt others to switch from Android phones made by Samsung, Huawei and other … Read more
by Mark Angelides When a party loses an election, the first thing they traditionally do is reflect on why they lost and how better to ensure victory next time around. But it has taken the Democrats a while to get to this position. They first began the blame game: Racists and Misogynists etc… Then … Read more
by Mark Angelides The MSM spin endless stories of how young Western Muslims are being radicalized by tech-savvy Jihadis, and provided with funds and training through secret camps and clever banking trails. But it’s ludicrous. The people we are now bombing are nothing more than idiots, led by slightly less idiotic people with slightly better … Read more
Just like the previous financial crisis and the subsequent shadow banking crisis began in the US, storm clouds are brewing in Canada. First, it was Home Capital Group losing 70% of its deposits last week, then it was Equitable Group Inc. losses announced today. –read both stories for the bloomberg link https://www.bloomberg.com/news/articles/2017-05-01/home-capital-s-next-hitch-is-keeping-cash-crunch-under-control Now, a mysterious … Read more
By Michael Snyder Why do things never seem to change no matter who we send to Washington? It seems like for decades many of us have been trying to change the direction of this country by engaging in the political process. But no matter how hard we try, the downward spiral of our nation just … Read more
By Gabrielle Seunagal Vermont Senator and former Presidential candidate Bernie Sanders started the month of May by campaigning against economic inequality. In his 30-minute speech, Sanders proposed a $15 minimum wage, three months of guaranteed paid family leave, free college, and a single payer healthcare system. Sanders asserted that a “progressive agenda” would meet the … Read more
by polkadotgirl This post is not going to be necessarily deep or complex. It is just going to be about some thoughts that deeply trouble me as I start the work week. Sometimes I feel like I do not recognize the world I live in – of course, these are only generalizations. *People are … Read more
CNBC reports: President Donald Trump is considering breaking up the nation’s biggest banks, a vow he had made during the presidential campaign then seemed to put on the back burner. In an interview Monday with Bloomberg News, Trump said he is “looking at that right now.” Major averages slipped as the news broke, then … Read more
by AMY S. As time passes in the 21st century, things seemingly look to become worse throughout time, Time no longer plays the role of fine wine and becomes better over time, rather it seems to be worsening and rotting out. This consistent time of rotting, poor decision-making, and poor leadership leads to countries and … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The economy depends on them, but they’re cracking. American consumers are holding $1 trillion in revolving credit, mostly in credit card debt. So how well is this segment of consumer debt holding up? Synchrony Financial – GE’s spin-off that issues credit cards for Walmart and Amazon – disclosed on Friday that, … Read more