President Donald Trump pledged on Thursday to maintain tariffs on China until a trade deal is reached. “Until a deal is reached, we’ll be taxing the Hell out of China,” Trump told a rally of supporters in Cincinnati, Ohio. Trump announced earlier on Thursday that the U.S. would extend tariffs to around $300 billion of Chinese goods … Read more
WAIT! YOU MEAN GOVERNMENT DOESN’T CREATE THE MONEY IT GIVES AWAY! UN-POSSIBLE! IF THAT WERE TRUE, SOCIALISM WOULD NEVER WORK! via victorygirlsblog: Presidential candidate Andrew Yang cheerfully touted his “Freedom Dividend” during last night’s debate. We will save our economy and Americans by gifting them with $1,000 a month! WOOOO! According to Yang, robots (whom CNN just … Read more
President Trump cut off US funding for the United Nations Relief and Works Agency for Palestine Refugees last September because UNRWA is “irredeemably flawed.” In fact, it’s worse than he thought. An internal ethics report leaked to the press this week exposed a corrupt UNRWA “inner circle.” Notably, its married director, Pierre Krahenbuhl, allegedly created a position … Read more
by Doug Casey For some time, I’ve been saying that the economy is in the “eye of the storm” and that when it emerged, the weather would be far rougher than in 2008. The trillions of currency units created since 2007, combined with artificially suppressed interest rates, have papered over the situation. But only temporarily. When … Read more
from GATA Trump not alone in seeking lower dollar, as lawmakers unveil foreign investor tax By David J. Lynch Washington Post Federal Reserve Chair Jerome H. Powell has spent several months fending off President Trump’s demands to lower the value of the dollar to help American manufacturers sell their goods abroad. Under a bipartisan Senate bill … Read more
from Zero Hedge While it is common knowledge that the US budget deficit is soaring even though the US economy is allegedly growing at a brisk, mid-2% pace (and yet the Fed is about to cut rates), resulting in recurring bond trader nightmares about funding the growing twin US deficits (Budget and Current Account), what few … Read more
President Trump’s recent tweets about Baltimore, rats, and the city’s political leadership have roiled Washington and prompted another round of cries of “racism” from the usual race hustlers, who are seeking out every camera they can find. But rather than focus on whether or not Trump is a racist, how about we focus on the … Read more
via freebeacon: A redesign of the California Department of Corrections and Rehabilitation website will make it harder for voters to inspect Sen. Kamala Harris’s controversial record as the state’s top cop. The department removed public access to a number of reports on incarceration in the state, including when presidential candidate Kamala Harris (D.) was California’s attorney … Read more
via morningstar: The American middle class is falling deeper into debt to maintain a middle-class lifestyle. Cars, college, houses and medical care have become steadily more costly, but incomes have been largely stagnant for two decades, despite a recent uptick. Filling the gap between earning and spending is an explosion of finance into nearly every corner … Read more
via MarketWatch: After years of feverish remodeling activity, Americans are starting to cool on home improvement projects. The annual gain in homeowner spending on home improvements and repairs is expected to drop from 6.3% during the current quarter to less than 1% by the second quarter of next year, according to the Leading Indicator for Remodeling … Read more