Iran’s response to Soleimani’s killing is certain to be devastating and the intention will be to inflict heavy casualties on American personnel regionally. Trump’s gambit may have put his re-election bid in serious jeopardy. Iran’s choice is going to be to wage an asymmetrical war. Tehran will settle for nothing less than American withdrawal from … Read more
by Gor Mkrtchian via Mises Free marketeers have rightly written many refutations of the minimum wage. However, it’s difficult to beat something with nothing, and so this article will outline major ways in which wages actually rise: through capital accumulation and the honing of skills that others value. What Determines Wages? Before looking at how wages can increase, what … Read more
Last week, I reported that, despite record illegal immigration draining resources in the states, 15 GOP governors requested refugee resettlement, after the State Department required their consent in order for contractors to begin resettling in a given jurisdiction. Now, as conservatives remain complacent in this fight, 18 GOP governors have requested resettlement: Kim Reynolds of … Read more
Now there’s a report of an explosion to the west of Sinjar Iraq — Air & Sea Intel (@air_intel) January 3, 2020
from Zero Hedge Reuters reports Wednesday that bird flu, also called avian influenza, has been detected in Europe’s largest poultry producers, located in eastern Poland. Reuters, citing local media reports, said up to 40,000 turkeys could be culled in the coming days to prevent a further outbreak. This is the first outbreak of the bird flu since … Read more
via creditbubblebulletin It cannot be overstated: Bubbles are of paramount importance – for markets, finance more generally, economies, and social and geopolitical stability. Two U.S. bursting episodes over the past twenty years would seem to make this proposition indisputable. I would add that Bubble Dynamics have never been more pertinent than they became over the past … Read more
by Econimica 2019 was another “rung” in the ongoing bull market. The trifecta of a resumption of QE, interest rate cuts, and a flood of federal debt coupled with ongoing stock buybacks and corporate tax cuts all fueled an asset explosion. But the Census Bureau was kind enough to release their 2019 data (HERE), and it … Read more
via tomluongo When I wrote that the coup against President Trump had morphed into a Civil War, I wasn’t kidding. The sham impeachment created the perfect environment for the Democrats and Republicans to get something definitive from him by playing the House and the Senate off each other. With the Senate Neocon Occupied Territory the escalation of belligerence since … Read more
By David Stockman New Federal Reserve data shows commercial and industrial loan growth weakened in 2H19, an indication the industrial recession continues to plague the overall US economy. C&I loans rose 1.6% in Dec. to $2.4 trillion, with most of the growth seen in the first half of the year. As for 2H19, no “green shoots” have … Read more
A senior military official in Iran threatened an attack on some 35 “American targets,” including “destroyers and warships” near the Persian Gulf Friday night, promising to seek revenge for the killing of Gen. Qassem Soleimani, according to a report. The latest threat against the U.S. came late Friday night from senior Revolutionary Guards commander Gen. … Read more
by Bob Moriarty via Streetwise Reports While I happen to be a giant fan of the Daily Sentiment Index (DSI), I also use a bunch of other signals. The DSI is the single best indicator I’ve found but there are dozens of other measures of investor sentiment. If you are a contrarian, you search constantly for some way of figuring … Read more
https://www.youtube.com/watch?v=MxIHCCOvYJs For More Information See: https://www.wsj.com/articles/fed-adds…
A war with Iran will costs trillions of dollars and kill millions of Americans and Iranians. It will be worse than the Iraq War. But Israel, Saudi Arabia, and the Military Industrial Complex will make billions, if not trillions. FOLLOW THE MONEY! MIC Military Industrial Complex Monetary Industrial Complex Medical Industrial Complex Marketing Industrial … Read more
https://www.youtube.com/watch?v=x00W8U3kV_4 Worst flu season ever coming. https://t.co/V5UKFcYzbt — Fritz Harrod (@bignels2) January 4, 2020 U.S. on Track for One of Worst Flu Seasons in Decades, With Nearly 3,000 Deaths so Far https://t.co/yiscfKATvr via @ktla — Mary Sutton Greeley (@Lucky_finds) January 4, 2020 Flu activity is still on the rise in our state as we … Read more
John Tierney and Roy F. Baumeister want to defeat The Power of Bad. New video at Reason TV: Earlier: The Mother Of All Crises: The Power of Bad: How the Negativity Effect Rules Us and How We Can Rule It. h/t ED
Iran vows to retaliate for a U.S. airstrike near Baghdad's airport that killed a top general. The U.S. is sending nearly 3,000 more troops to the Mideast. Did President Trump have legal authority to order the killing? Follow @AP's complete Iran coverage. https://t.co/ADi9nTllsy — The Associated Press (@AP) January 3, 2020
Corporate banker Thomas Bowers, who ran the U.S. division of private wealth management for Deutsche Bank AG, reportedly committed suicide last month at the age of 55 by hanging himself with a rope in his California residence. https://truepundit.com/jeffrey-epsteins-private-banker-at-deutsche-executive-suicide-before-feds-questioned-him/ However, his extensive ties to deceased sex trafficker Jeffrey Epstein – who also died from a mysterious suicide … Read more
By David Stockman The total federal debt accumulated during the decade has equaled approximately $83,967 per household. (The Census Bureau estimates there are currently approximately 128,579,000 households in the country.) The federal debt increased by a record $10,796,419,662,320 in the decade that is coming to a close today, according to data published by the U.S. Treasury. https://www.cnsnews.com/article/washington/terence-p-jeffrey/decade-debt-feds-borrowed-more-10-trillion-2010s
