Robin Hood in reverse? Democrats plan $12,500 tax credits for pricey electric car purchases

House Republicans are arguing against a Democratic proposal to increase the $7,500 taxpayer-funded credit for electric car purchases to as much as $12,500, arguing that it would disproportionately help wealthy Americans who can afford to buy pricey electric vehicles.Democrats on the House Ways and Means Committee have proposed increasing the credit as part of their … Read more

More Evidence Stagflation Not Getting Any Better?

by Jason Burack of Wall St For Main St While Wall St, PhD Economists and deflationistas talk about how the CPI shows inflation expectations came down this week, the producer price index (PPI) and whole price trackers in the US and Germany say the exact opposite with record highs or record increases not seen in decades. FULL SHOW … Read more

Democrats Are Trashing The American Work Ethic With Their Spending Bill

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com. The humongous bill that Democrats in Washington, D.C. are assembling this week is a slap in the face to Americans who work, pay taxes and support their families.The bill demeans work ethic and glorifies government handouts. It sends … Read more

Real estate agent uses creepy dolls to market ‘horrendous and horrifying’ home in Louisiana

(NEXSTAR) – It may not be anyone’s dream home, but it’s certainly the home of someone’s nightmares. A real estate agent in Louisiana has — successfully — marketed an abandoned house by playing up one of the eeriest aspects of the property: a pair of terrifying dolls left behind by a previous owner. “I did … Read more

Eurodollar Futures Volume Surge Anticipates Fed Taper Signal (Are You Ready For Feddy?)

by confoundedinterest17 The next Federal Reserve Open Market Committee (FOMC) meeting is next week with an announcement on Wednesday, September 22nd. (Bloomberg) — Volume in the December 2024 eurodollar futures contract has surged Friday, approaching 200k, highest in the strip. Weekly volume exceeds 800k ahead of next week’s FOMC meeting. The December 2024 contract is a proxy … Read more

Apple threatened to take Facebook off App Store amid human trafficking concerns

Following a 2019 BBC report that revealed how human traffickers were using Facebook to sell victims, Apple reportedly threatened to kick the social media giant off of its App Store, a new Wall Street Journal report reveals. A Facebook investigation team reportedly spent over a year documenting human trafficking trades occurring in the Middle East, … Read more

Biden has surrendered the US border…

Biden has surrendered the US border https://t.co/yxYsgsD8Qt — Jack Posobiec (@JackPosobiec) September 18, 2021 The Biden Administration does not want you to see this footage. That’s why they banned drones from documenting the true extent of Biden’s border crisis. pic.twitter.com/5tDE11Qcak — Sen. Marsha Blackburn (@MarshaBlackburn) September 18, 2021

In Depth: The Never-Ending Battle to Curb China’s Hidden Debt

In Depth: The Never-Ending Battle to Curb China’s Hidden Debthttps://t.co/QPXPRTNiws pic.twitter.com/N7ql2ne4uy — M/1_LP (@MI_Investments) September 18, 2021 Despite low rates, Japan spends more than 21% of its budget on interest expenses. High and rising debt means stagnation and weak real wages, despite low cost. pic.twitter.com/BlHWwkEpTR — Daniel Lacalle Official Account (@dlacalle_IA) September 18, 2021

Markets no longer see inflation as a transitory phenomenon…

Good Morning from #Germany where #inflation expectations keep rising as markets no longer see inflation as a transitory phenomenon, but as something more permanent. German 10y breakeven rate rose >1.60%, the highest level since 2013. pic.twitter.com/a0GEtCvhx5 — Holger Zschaepitz (@Schuldensuehner) September 18, 2021 All you need to know pic.twitter.com/JjL1HJslWE — zerohedge (@zerohedge) September 18, 2021 … Read more

This Evergrande Thing Is Serious

BY JOHN RUBINO  China’s Evergrande has been in the news lately, but not always in an understandable way. The real estate developer is just too big and its financial arrangements too obscure to be easily grasped by people with a lot of other things on their plates. Plus, China has had plenty of corporate implosions in … Read more

The Inflation Train Is Nowhere Near Top Speed

Public domain photo from National Park Service From Birch Gold Group Federal Reserve Chairman Powell and other members of the Fed have been using the term “transitory” to downplay the threat that the last 16 months of skyrocketing inflation would last. But inflation has been sharply on the rise since March 2020, with only a minor pause toward the … Read more

Hedge Fund Manager: ‘The US stock market is the most overvalued to fundamentals in its history. It’s poised to melt down quickly on the catalyst of China’s Ponzi credit implosion.’

Don't fight the Fed. The US stock market is the most overvalued to fundamentals in its history. It's poised to melt down quickly on the catalyst of China's Ponzi credit implosion. We are selling FAAMG and buying cheap gold stocks, especially the explorers. Stagflation ahead. https://t.co/DrVYAie5vM — Kevin C. Smith, CFA (@crescatkevin) September 18, 2021 … Read more

The Chinese tech massacre visualized…

The Chinese tech massacre visualized 👇ht @JamesEagle17 pic.twitter.com/kugI4JrBqe — Michael A. Arouet (@MichaelAArouet) September 18, 2021 In case you missed it! No Chinese stock left among global Top 10 as #Tencent slides. Firm’s value has shrunk $388bn amid tech crackdown. Chinese stocks drop off league table for first time since 2017. https://t.co/cNplYuloNJ pic.twitter.com/d9zKxWuzKE — Holger … Read more

Check out the Biden backlash to border censorship…

Democrat President Joe Biden faced intense backlash over his administration’s decision on Thursday to block drones that were flying near an overpass in Del Rio, Texas, where thousands upon thousands of migrants were being apprehended by the administration under an overpass. “We’ve learned that the FAA just implemented a two week TFR (Temporary Flight Restrictions) … Read more

France recalls Ambassadors from Australia and USA…

Paris has recalled its ambassadors from Washington and Canberra for consultations, citing the “unacceptable behavior” of the US, UK and Australia in striking a nuclear submarine deal that scuttled a French shipbuilding contract. “At the request of the President of the Republic [Emmanuel Macron], I decided to immediately recall to Paris for consultations our two … Read more