Month: January 2019

National debt rose to $21.974T at the end of 2018. Public debt increased to 78% of GDP at the end of 2018 the highest percentage since 1950.

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via upi: Jan. 3 (UPI) — At the close of 2018, the U.S. national debt was more than $2 trillion higher than when President Donald Trump took office, data released Thursday by the Treasury Department indicates. The national debt reached $21.974 trillion as of Dec. 31. The increase in debt came a little more than a year after Trump signed a tax … Read more

SOMETHING THAT CAN’T GO ON FOREVER WON’T: “Netflix’s fundamental business model seems unsustainable. I don’t see how it is going to work out.”

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via pjmedia: Just yesterday, a friend and I were marveling at how we used to meet up with people at crowded events before we all had cell phones. We know we used to do it, but how? As a kid, I loved studying maps and planning routes for trips. Now, though, I can’t imagine attempting to … Read more

THAT’S DISGRACEFUL!: Attention Southern Californians

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On Friday, January 11th and Saturday, January 12th, the National Association of Scholars is sponsoring a conference entitled “Disgrace: Shame, Punishment and Redemption in American Higher Education” at Chapman University in Orange, California. The theme of the conference is as follows: At this conference, the National Association of Scholars intends to discuss “disgrace” in two ways: disgrace as … Read more

U.S. Senate’s First Bill, in Midst of Shutdown, is a Bipartisan Defense of the Israeli Government from Boycotts

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by CelineHagbard As the first bill introduced by the 2019 Senate session, S.1 is deals with a number of foreign policy issues, but one of them is a section designed to strengthen state laws that punish companies and individuals who engage in or support boycotts against Israel. 26 states have such laws on their books, and … Read more

TUCKER CARLSON: Mitt Romney supports the status quo. But for everyone else, it’s infuriating.

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via foxnews:  “Romney’s piece is fascinating on its own terms. It’s well-worth reading. It’s a window into how the people in charge, in both parties, see our country. . . . We are ruled by mercenaries who feel no long-term obligation to the people they rule. They’re day traders. Substitute teachers. They’re just passing through. They have … Read more

Three Ex-Credit Suisse Bankers, Ex-Minister Arrested Over $2 Billion Loan Fraud

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via sputniknews: The arrested conspirators are said to be involved in a large-scale credit fraud that ruined the economy of Mozambique in 2016. Three former Credit Suisse Group bankers have been arrested in London in connection with a loan fraud scheme that ruined the economy of Mozambique in 2016 according to UK authorities, cited by the South African Eyewitness News outlet. Andrew Pearse, … Read more

California Ordered to Remove 1.5 MILLION Likely Invalid Voters from Rolls

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Well that takes a tidy slice out of Hillary’s supposed lead in the popular vote now doesn’t it. Wonder how many other Democrat states have people listed that shouldn’t be there. https://www.judicialwatch.org/press-room/press-releases/california-and-los-angeles-county-to-remove-1-5-million-inactive-voters-from-voter-rolls-settle-judicial-watch-federal-lawsuit/   Great news, but won’t make much difference in the 2020 presidential election. In 2016, Hillary had 7.3 million California votes compared to … Read more

OPEC Is Losing Its Stranglehold On Oil Prices

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By Robert Rapier Many articles have been written this past year about the impending demise of OPEC. Shale oil, it has been argued, has ended the cartel’s stranglehold on oil prices. There’s some truth to that argument, but it also understates OPEC’s dominant position in the oil market. I often try to imagine the decisions … Read more

Boom-Bust Cycles, Easy Money, And The Gold Standard

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by Frank Shostak of Mises Wire Only a few months ago most economic commentators were sanguine about prospects for the US economy. Most of them did not expect an imminent downturn. Now all that has changed with most experts expecting the economy to enter a downward phase of the economic cycle by 2019. According to experts, the key … Read more

Democrats unveil bill requiring 10 years of presidential tax returns

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https://www.washingtonpost.com/powerpost/house-democrats-unveil-bill-targeting-trump-on-tax-returns-and-transparency/2019/01/04/43f429a8-102d-11e9-831f-3aa2c2be4cbd_story.html?utm_term=.ad08b0f82a8a As one of their first big-ticket legislative proposals of the new Congress, House Democrats on Friday unveiled a sweeping anti-corruption, campaign finance and ethics reform package that takes aim at long-simmering concerns about President Donald Trump’s possible conflicts of interest between his actions as president and his family business. The massive proposal, known as “The For the … Read more

The Rebellion Continues – Increased Yellow Vest Protests in France Following Arrest of Key Organizer – Government Spokesman Evacuated by Police…

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by sundance Last Wednesday night the arrest of a key political organizer of the Yellow Vest protests, a 33-year-old truck driver named Eric Drouet, spurred the movement to claim French President Macron was now arresting his political opponents. The arrest of Drouet has led to an increase in retaliation by the group against the French government. [Video from … Read more

The “New Year” Starts With A Rally

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by Lance Roberts New Year Starts With A Rally Sector & Market Analysis 401k Plan Manager New Year Starts With A Rally Last week, I discussed the potential for a rally as we head into the New Year based on both the more extreme levels of short-term oversold conditions coupled with the statistical tendencies going back to … Read more

More Information On the Communists

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by Hollywood Rob Many of us don’t have the time to dig deeply into the machinations of the globalist slime.  It is too hard.  It is too much work.  But some of us manage to focus for long enough to find out what is going on and at least for now, we can see what they … Read more

Trucking Boom Ends, Next Phase in Cycle Starts

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter This is a very cyclical business.  In December, orders for new Class-8 trucks — the heavy trucks that haul the products of the goods-based economy across the US — plunged by 43% from a year ago, to just 21,000 orders, the lowest since August 2017, and down by 60% from August … Read more

P2P Lending is a Scam – Change My Mind

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by nealosis I was reviewing all the defaults and charged-off loans in my Lending Club portfolio earlier today and it just makes my blood boil. ​ For Example consider this borrower, who stole $40K and faces zero consequences https://imgur.com/a/a02FQ9f ​ Seems like you can create a massive bump in your income by taking out huge … Read more

I can’t believe anyone trusts the ratings agencies at all.

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I can't believe anyone trusts the ratings agencies at all. pic.twitter.com/DwhNXVXBxX — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) January 5, 2019 The one chart government does not want you to see pic.twitter.com/MtAKt19iXA — Alastair (@StockBoardAsset) January 5, 2019 Average rating of US investment-grade debt market has deteriorated sharply in recent years, with triple B rated … Read more

first day of stock U.S. Stock trading of 2019 “Earnings season is coming, the buyback window is closing. I look for much more volatility going forward.” Danielle DiMartino Booth

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Re: first day of stock U.S. Stock trading of 2019 "Earnings season is coming, the buyback window is closing. I look for much more volatility going forward." Danielle DiMartino Booth on Fox Business — https://t.co/AxJIFgnvhx — Danielle DiMartino Booth (@DiMartinoBooth) January 4, 2019 It looks as if the rally in the S&P 500 could only continue … Read more

Either the data is about to rock back to growth or the stock market is about to have a pretty bad wake up call.

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https://twitter.com/LordPolemos/status/1081278777001369600 https://twitter.com/OccupyWisdom/status/1081594614442799104 if you are a bull – this is probably the hardest chart to look at pic.twitter.com/cPxPBe1C0I — Alastair (@StockBoardAsset) January 5, 2019 Once $VIX & CDX NA IG find meaningful unfair lows – that should mark the top of the bear market rally in the stock maket pic.twitter.com/mCHVUDUKSu — Alastair (@StockBoardAsset) January 5, … Read more