Via The Daily Caller Former President Barack Obama and former first lady Michelle Obama have joined the community of Martha’s Vineyard with their $11.7 million purchase Wednesday of Edgartown Estate. The Obamas bought the 29-acre property in one of America’s most exclusive neighborhoods from Boston Celtics owner Wyc Grousbeck, the MV Times reported. The home had sat … Read more
On paper, this looked like a no-brainer. By MC01, a frequent commenter on WOLF STREET: At the 2007 Paris Air Show, Mitsubishi Heavy Industries announced to much fanfare a brand-new regional airliner. The fantastically named Mitsubishi Regional Jet (MRJ) was to be certified for commercial operations by 2012 and to set a number of firsts for the technologies employed … Read more
The Fed is pumping out tens of billions of dollars every month, and yet, the economy keeps sinking. What does this tell economist John Williams? “The system is not operating properly. These are stopgap measures, stopgap liquidity that the Fed is putting into the system. If they understood what was going on, they would not … Read more
by TFittonJW FBI has now lost TWICE in federal court in its scheming to hide FBI-Clinton gang conspiracy to try to destroy @realDonaldTrump. Why is Director Wray allowing the corrupt cover up the FBI’s Russiagate collusion with the Clinton gang? https://t.co/B9cqFXhu9J https://t.co/GEmdUecYE2 — Tom Fitton (@TomFitton) December 6, 2019 Heavy lifting gets results, again: https://www.judicialwatch.org/press-releases/judicial-watch-court-rejects-fbi-effort-to-keep-secret-records-about-fbi-clinton-lawyer-meeting-on-russia/ “The … Read more
Obama gave Pearson Publishing $350 million to create Commoncore text and Pearson gave Obama a $65 million dollar book deal in return. Quid Pro Quo. Media silent… https://twitter.com/lrihendry/status/1182381392564555776 The Obamas’ $60m book deal has broken all records. From James Patterson to JK Rowling and Pope John Paul II, here are some of their closest rivals … Read more
by Mihai Macovei via Mises Over the past two decades, fears about China’s rapid economic and technological advancement have grown exponentially and culminated in the recent trade war unleashed by President Trump. But only supporters of government intervention could think of China’s market socialism as a redoubtable challenger to a market-oriented economy. But that’s not how … Read more
A bunch of marines were just caught smuggling in illeagal aliens into California. They are suspected of smuggling in drugs as well. This is a Fedral crime. Their punishment? They won’t even get court marshaled, they just have to agree to leave the military. How many more are involved and why are they not actually … Read more
The largest and most infamous aggregated news website mysteriously changed hands. Matt Drudge no longer operates the website and Drudge twitter account, but did not let his readers know this. Who controls and operates Drudge now? Drudge Report’s twitter bio suggests the site is no longer a US-based site and no longer belongs to Matt … Read more
“If you’re starting to suspect that the Conservative Establishment doesn’t really represent your interests, there’s a reason for that. They’re every bit as corrupt as you think they are.” Tucker Carlson on the Opioid Crisis & Corrupt Conservative Think Tanks Defending Big Pharma "If you're starting to suspect that the Conservative Establishment doesn't really represent … Read more
Bill Gates spend millions to push common core in public education with full help and support of the establishment powers in Washington. Even Betsy Devos who claims to be against common core, never was and is now covering up the damage and very existence of the program. Freedom Project’s host breaks down the ongoing failure … Read more
by axolotl_peyotl Anyone who officially parrots the talking points of the legacy Mockingbird Media is now officially a stooge for the military industrial complex. The media abandoned its role to protect the truth when they allowed the Iraq war debacle. They’ve continued their agenda by allowing and encouraging this continued genocidal destruction on countries like … Read more
– Instagram raised at $500M the day before Zuck offered $1B – $1B was 25% of FB’s $4B cash on hand – It was weeks before the FB IPO – The board wasn’t consulted – Instagram had no revenue This was not an easy call! Let me warp you back to the distant era of … Read more
https://twitter.com/anilvohra69/status/1202960248249565190 We’d better be in for a December to remember. A world tour of manufacturers reveals 66% of PMIs were contracting in November v 54% in both October & September. Inventories have unquestionably been depleted. Will replenishment cycle sustain the reflation trade? @SoberLook pic.twitter.com/4FK8cuJniN — Danielle DiMartino Booth (@DiMartinoBooth) December 7, 2019 https://twitter.com/vixcontango/status/1203355580703891457 trump admitting … Read more
This might explain why. pic.twitter.com/kXEMlEN5Cc — SF Giants Fan (@brian95123) December 6, 2019
And a special word on apparel sales, as a sign of our times. By Wolf Richter for WOLF STREET. Services are growing at a decent pace, though more slowly than a year ago. The labor market is the strongest in years, so consumer spending is growing at a good pace, including retail sales, driven by red-hot ecommerce sales. Where … Read more
by FS Is the end of globalization near? On a recent edition of FS Insider Ben Breitholtz of Arbor Research and Trading discussed the trend toward deglobalization and the implications this may have on inflation, interest rates and stock prices. See Data Shows Globalization In Sharp Decline, Says Ben Breitholtz for audio. Globalization Breaking Down The trend … Read more
https://twitter.com/hks55/status/1203322732903108608 better hope the deceleration in the economy reverses or it's equities that have completely mispriced macro environment pic.twitter.com/vJzBTCyxip — Alastair (@StockBoardAsset) December 6, 2019 I liked this big picture historical perspective. pic.twitter.com/hB4DpIpO2g — Dan Tapiero (@DTAPCAP) December 6, 2019 TooBigToFail banks only getting bigger and more powerful "At the end of 1999…there were 10,220 … Read more
266,000 jobs added in November 7 million jobs since the election 16th consecutive month of wage growth at or above 3% Unemployment at a 50 year low. 21st consecutive month at or below 4%. Longest streak in nearly 5 decades Unimpeachably Incredible! 🇺🇸266,000 jobs added in November 🇺🇸7 million jobs since the election 🇺🇸16th consecutive … Read more
We are in the longest stock market bullrun in history – the next runner up? The 1920's before the great depression. pic.twitter.com/51Mn82zw2t — Yago (@EdanYago) December 5, 2019
It could become easier for some personal-loan applicants to secure a loan after federal regulators announced this week that they encourage the use of “alternative data” in credit underwriting standards — so long as it’s done responsibly. The Federal Reserve and four other agencies said certain information, like cash flow data, could broaden access to … Read more
via mises: A recent article in the Financial Times, “Abenomics provides a lesson for the rich world,” mentioned that the experiment started by Prime Minister Shinzo Abe in the early 2010s should serve as an important warning for rich countries. Unfortunately, the article’s “lessons” were rather disappointing. These were mainly that the central bank can do a lot more than … Read more
by Jay Taylor with Alasdair Macleod via Jay Taylor Media Alasdair Macleod explains that depression conditions and illusions of prosperity may continue to exist with unsound money and central banking determination to maintain prices.
Authored by Ryan McMaken via The Mises Institute, It’s becoming more and more apparent that the United States will not be going back to “business as usual” after Donald Trump leaves office, and it is easy to imagine that the anti-Trump parties will use their return to power as an opportunity to settle scores against the hated rubes … Read more
