By Robert Carbery Before the bill was even passed through Congress, Trump’s tax cut already started signaling strong signs for the American worker, putting more money in his or her pockets. Corporate America has not only celebrated it, but has literally handed out more money to its employees with the passage of this ultimate Christmas … Read more
by Mark Angelides In a bizarre twist on geopolitical relations, it appears that the Ayatollah of Iran, Supreme Leader, Ali Khamenei not only thinks little of President Trump, but has a warm place in his heart for the activist group Black Lives Matter. President Trump is widely criticized for his commenting on the social media platform … Read more
https://www.youtube.com/watch?v=AbEzx75vo1c OVER 5 FEET OF SNOW IN 36HRS in Erie Pennsylvania. State Emergency Declared Snow continues to fall in Erie, Pennsylvania, and surrounding areas that already have seen a record amount of snow over the past few days, prompting a emergency declaration. A Christmas storm brought more than 60in of snow to a Pennsylvania city, … Read more
By Michael Snyder Demonization is the first step toward making something illegal. Over the past couple of months, Bitcoin and other cryptocurrencies have experienced a tremendous surge in popularity. Personally, I was completely floored the other day when my nephew wanted to ask me questions about investing in Bitcoin. It seems like the whole world is … Read more
By Chris Black The self described socialist and Vermont Senator Bernie Sanders, an actual communist (he spent his honeymoon in Soviet Russia by his own volition) who keeps blathering about “millionaires and billionaires”, a strange dude who never had a real job in his life until he was like 40 years old and then started … Read more
Total revolving #credit is nearing all-time highs made during the financial crisis. If times are so good, why pull out the charge cards? h/t @Lemieux_26 “The market is net short the most 5-year contracts ever,” H/T .@kevinmuir The “most important chart in the world” with yield curve added in… h/t @WhatILearnedTW
CNN’s Allyson Camerota expressed her concern about how the tax breaks for Americans will harm the Democrats chances of winning in the mid-term elections with Michigan’s Democrat Congresswoman Debbie Dingell. Camerota appeared somewhat panicked, as she started out her segment whining to Dingell about bonuses and pay raises that Americans will receive as a result of Trump’s GOP … Read more
by John Rubino One of the hallmarks of late-stage bubbles is a shift of power from lenders to borrowers. As asset prices soar and interest rates plunge it becomes harder to generate a decent yield on bonds and other fixed income securities, so people with money to lend (like pension funds and bond mutual funds) … Read more
“The FBI DISAPPOINTED all Americans” Trey Gowdy THRASHES FBI with Jason Chaffetz Over BIAS GOP REP CALLS FOR ‘PURGE’ OF ‘DEEP STATE’ CRONIES WITHIN THE FBI This is common sense. Most congressmen are too afraid of deep state retaliation to say it. Republican lawmaker Francis Rooney of Florida called for a “purge” of “deep … Read more
by howmuch Americans have racked up almost $13 trillion in personal debt for things like mortgages, car notes and student loans. $13 trillion is an enormous pile of money, but here’s the kicker. That’s significantly better than the run-up to the Great Recession. Still, it’s hard to imagine what that looks like across the country. So, we created a … Read more