The Next Financial Crisis In Plain Sight: S&P 500 Debt Has More Than Tripled In Last 14 Years; Consumer Debt Is Approaching $4 Trillion, Up 50% Since 2008…

By David Stockman https://twitter.com/macrodidact/status/1098172413337051137 “Surveys show increased credit card debt and lower savings in 2019” @Bankrate @SoberLook H/T @LizAnnSonders @DiMartinoBooth pic.twitter.com/vYHUAhH4ep — The Long Game (@7LongGame) February 18, 2019 Deficit will be worse & debt will be higher than what CBO is forecasting if @GoldmanSachs’ estimates are right@SoberLook pic.twitter.com/hu16JMV8vX — Liz Ann Sonders (@LizAnnSonders) February … Read more

Forbes on the ‘Be Careful What You Wish For’ Dept.: “The Fed Owns This Stock Market”

On December 19, Jay Powell stepped to the microphone after the Federal Reserve had raised short-term interest rates and began his press conference. The market was concerned. The two-year rate on government bonds was at 2.65% and was higher than the 5-yr (2.62%) and inching perilously close to the 10-yr at 2.76%. The Fed typically … Read more

Worldwide Economic Melt Down Now Occurring

Don’t Get Run Over As The Meltdown Gets Worse https://www.youtube.com/watch?v=LfwMOyvIzgg   pic.twitter.com/WocS2vO0mH — Alastair (@StockBoardAsset) February 20, 2019 China imports from U.S. continue to plunge. I’m sure S&P500 earnings will be unaffected. #tradewar pic.twitter.com/GblOCqnODi — Greg (@GS_CapSF) February 20, 2019 https://twitter.com/DavidInglesTV/status/1098011547257921536

CNN Fake News Media Silent As Yet Another MAGA Hate Crime Hoax Perpetrated By Liberals Against President Donald Trump Is Exposed

by Geoffrey Grider   Jussie Smollett’s hoax is symptomatic of America’s illness. Because of the mainstreaming of academia’s victimhood culture, we are now in a place where we place more value on being a victim than on being heroic, charitable, or even kind. Victims or victim groups high on intersectionality points are supposed to be coveted, … Read more

MMT, Modern Monetary Theory, The Socialist New Deal

Socialists operate on “MMT”, Modern Monetary theory”. It basically says spend like there is no tomorrow. It’s OK, don’t worry about it. Germany in the 20’s, Zimbabwe, and Venezuela were ALL on MMT. While there has been much disagreement among the financial elite about the ultimate consequences of central bank activism and market manipulation, with … Read more

State’s Attorney recuses herself from Jussie Smollett investigation

According to a statement from Foxx’s office, the decision to recuse herself was made to address ‘potential questions of impartiality’ based upon ‘familiarity with potential witnesses’; Mike Tobin reports from Chicago.     Call From Jussie Smollett’s Lawyers Postponed Two Former Suspects’ Grand Jury Testimony https://chicago.cbslocal.com/2019/02/20/jussie-smollett-former-suspects-grand-jury-testimony-postponed/  

DISGUSTING Store Employee Curses At 14 Year-Old Trump Supporter, INSTANTLY Regrets It

Scott Morefield from The Daily Caller reports, A Vans store employee at the Oak Park Mall in Overland Park, Kansas was terminated after saying “f*ck you” to a 14-year-old customer who wore a red MAGA hat into the store. https://www.youtube.com/watch?v=glAaHRDLOYM Read More/Source/Credit/FairUse: https://dailycaller.com/2019/02/17/va…    

Jussie Smollett Offered Job At CNN After Fabricating News Story Out Of Thin Air

Via The Babylon Bee ATLANTA, GA—While Empire actor Jussie Smollett has been having a tough week so far, there appears to be a silver lining: cable news channel CNN has offered Smollett a job as an investigative reporter and on-air anchor after witnessing his skills at fabricating a story entirely out of thin air. CNN producers were … Read more

Elizabeth Hale – New Tax Law Effects Being Felt

from Financial Survival Network Elizabeth Hale is founder of eeCPA. 2018 is over and now the effects of the new tax law are starting to be take hold. Clearly the upper middle class and working rich have taken a major hit, especially those in high-tax states. While there were some benefits spread around, the loss of … Read more

Stocks To Face Headwinds In 2019 – Wells Fargo

The equities rally we’ve seen in 2019 so far won’t last forever, said Erik Norland, senior economist at the CME Group. “I think that the stock market rally that we’ve seen so far this year is going to run into some pretty substantial headwinds,” Norland told Kitco News. He noted that the rally was fueled … Read more

California has gotten 18 trillion gallons of rain in February!

via heraldmailmedia: LOS ANGELES — California has already received an 18 trillion-gallon soaking this month — enough water to fill 27 million Olympic-sized pools — and the state’s wild winter isn’t over yet. A series of storms, including a moisture-packed atmospheric river that slammed the state last week, has brought consistent rainfall in February that has … Read more