Hilarious, blame capitalism for giant property tax distortions and zoning regulations that artificially cap housing.

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SAN FRANCISCO GIVES GRAUNIAD A SAD: Abandoned stores, empty homes: why San Francisco’s economic boom looks like a crisis. As the city experiences a new wave of gentrification, businesses are shuttering – and nothing is replacing them At the beginning of this decade, one beloved block in San Franciscohad a taqueria, a flower shop and a bookstore. Sparky’s diner, … Read more

Bernie Sanders’ presidential campaign is funded by dark money

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by Dr. Eowyn According to some polls, Vermont Sen. (((Bernie Sanders))), the millionaire socialist (oxymoron and hypocrite alert!), has risen in popularity with Demonrats, now second only to Joe “pedo” Biden. Daily Caller investigative reporter Andrew Kerr writes, Jan. 9, 2020, that since announcing his presidential campaign nearly a year ago in February 2019, Bernie Sander’s … Read more

VIDEO: Tulsi Gabbard Posts Great Tucker Carlson Video Segment on How Obama/Hillary Destroyed Libya and Brought Back Slavery – Leftists Infuriated

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VIDEO: Tulsi Gabbard Posts Great Tucker Carlson Video Segment on How Obama/Hillary Destroyed Libya and Brought Back Slavery – Leftists Infuriated When we put our troops in harm’s way it’s critical there’s a clear objective that actually serves our country's national security interests. Our troops in Iraq and Syria are being put in unnecessary risk, … Read more

VIDEO: Nancy Pelosi: The President Does NOT Need Authorization from Congress to Take Military Action

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The internet is forever @SpeakerPelosi pic.twitter.com/TsotqABtZN — Mike_Poppin ☂️🕴🏼 (@oh_cue_m) January 9, 2020 Streamable Mirror: https://streamable.com/2ujzd UPDATE: New Mirror via the GOP two dozen articles on obama’s unauthorized use of force 470,000 died in syria because of it. https://www.washingtontimes.com/news/2015/apr/27/congress-still-not-specifically-authorizing-islami/ https://www.theguardian.com/world/2014/sep/11/obama-isis-syria-air-strikes-legal-argument View post on imgur.com   h/t dr0id

BREAKING: Active Shooter MacDill AFB

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https://twitter.com/kotkinjs1/status/1215607405830135808?s=21 Just got an alert while here at MacDill for an Active Shooter. We're in lock-down. Be safe. — Rep. Andrew Learned (@AndrewLearned) January 10, 2020 ALERT: Multiple alerts re: a lock dock at MacDill Air Force Base in Tampa, Fla. MacDill AFB is also home to the HQ for US Central Command (USCENTCOM) and … Read more

Average Mileage on “Rental Risk” Vehicles Sold to Used Car Market Spikes. But Prices Soar Too. What Gives?

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The Changing Supply of Used Vehicles. By Wolf Richter for WOLF STREET. If you have been renting cars periodically, you will have noticed that it’s not unusual now to get into a rental car that has 45,000 miles or even 50,000 miles on the odometer. But 10 years ago, a rental car with 30,000 miles on the odometer … Read more

How Much Money Have Folks Already Lost Who Bought that Negative-Yielding 30-Year German Government Bond last August?

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Something funny’s happening in NIRP land: long-term yields are rising, negative yields are turning positive, and investors are getting punished for having handed their brains to central banks. By Wolf Richter for WOLF STREET. So how much can you lose in a little over four months buying one of the most conservative investments, the German government 30-year bond, … Read more

The Fed Can’t Reverse the Decline of Financialization and Globalization

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by Charles Hugh-Smith The global economy and financial system are both running on the last toxic fumes of financialization and globalization. For two generations, globalization and financialization have been the two engines of global growth and soaring assets. Globalization can mean many things, but its beating heart is the arbitraging of the labor of the powerless, and … Read more

Fed Drains $45 Billion from Repo Market, back to Oct Level. T-Bill Purchases Continue. Assets Shrink by Most Since QT

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The week after the year-end Repo Chaos didn’t happen. By Wolf Richter for WOLF STREET. The feared chaos in the repo market over the year-end period didn’t materialize as the Fed had flooded the market with cash via repo operations and purchases of T-bills (Treasury securities with maturities of one year or less). This kept repo rates glued to the … Read more

Now The Iranians Are Promising More Military Action Against U.S. Forces, And That Would Definitely Start World War 3

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by Michael Snyder What in the world are the Iranians thinking?  After President Trump decided not to respond militarily to the rockets that the Iranians fired at U.S. bases in Iraq, it appeared that a major war had been averted.  People all over the world celebrated this unexpected turn of events, and global stock markets soared.  … Read more

Party like it’s 1999… On EV/Sales, the market is at 99th percentile in history

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Party like it's … pic.twitter.com/i7fTI4vyvl — Not Jim Cramer (@Not_Jim_Cramer) January 9, 2020 On EV/Sales, the market is at 99th percentile in history pic.twitter.com/T75NSNwSNo — zerohedge (@zerohedge) January 9, 2020 https://twitter.com/NorthmanTrader/status/1215353772815405059 97% of CFOs say an economic downtown has already begun or will occur by the end of 2020, according to Deloitte — ian bremmer … Read more

QE Madness: Is It Worse Now Than In 2008?

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by Dave Kranzler Unequivocally, the “repo” operations by the Fed is “QE.” Well, let’s just call it what it is because “QE” was coined in place of “money printing.”  The socially correct posture to assume on Wall Street and in DC at the Fed is to label the current bout of money printing “repo operations.”  In … Read more

Jason Burack: US Economic Data Showing Even More Warning Signs of Recession While DOW 29k Coming Soon Anyways?

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Wall St. For Main St., Released on 1/9/20 U.S. manufacturing closed out a tumultuous year with the weakest monthly performance since the end of the recession, with orders shrinking and factories continuing to dial back production. The Institute for Supply Management’s purchasing managers’ index fell to 47.2 in December from 48.1, the fifth straight month … Read more

SO YOU’RE SAYING THE ROYAL FAMILY WILL GO BROKE?

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Why is Meghan ditching her duchess role? Because she wants to be the global Queen of Woke. So Harry and Meghan are stepping back. They’re resigning from The Firm. They’re ducking out of the Sovereign Grant and royal duties and going it alone. They’re going to split their time between the UK and North America … Read more

Judicial Watch finds 2.5 million ineligible registered voters; threatens to sue 19 counties, all Democrat

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by Dr. Eowyn Judicial Watch (JW), the DC-based citizens’ watchdog group, is the national leader in enforcing the National Voters Registration Act, which requires states and counties to take reasonable steps to clean their voting rolls by removing ineligible registrations (voters who had died or moved). Below are some examples of JW’s success: In 2018, the … Read more

Is Iraq About To Become A Chinese Client State?

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By Simon Watkins Following the political and popular backlash in Iran over details of its plans to make the Islamic Republic effectively a client state through various multi-layered oil and gas deals, China has switched its attention for the moment to Iran’s close ally and neighbour, Iraq. Like Iran, Iraq has enormous and still relatively … Read more