by Simon Black We are in the midst of the longest government shutdown in history. Don’t get me wrong, I like having the government shut down. As I’ve said before, I believe it is my moral duty to pay as little taxes as possible. The government does some really stupid things with your tax dollars. I’d … Read more
by WARREN MOSLER Trade issues taking their toll: This too has gone flat: Nice mentions for Stephanie and a also bit for me here, as MMT is now on a roll: https://ftalphaville.ft.com/2019/01/16/1547640616000/America-has-never-worried-about-financing-its-priorities/
by Martin Armstrong The British pound moved higher following the British Prime Minister Theresa May’s government narrowly surviving a no confidence vote brought by the opposition over the handling of BREXIT. The vote was narrow with May winning by just 19 votes. Our sources were correct that she would survive. However, while the 21st seems to be … Read more
YOUR DAILY TREACHER: Beto Fans Insist: This Is Not a Drill. Scott Rosenberg and David McCabe, Axios: No, Beto O’Rourke did not live-stream his teeth cleaning on Instagram — any more than Al Gore ever actually claimed to have invented the internet. But if you were under the impression that O’Rourke did precisely that, you’re … Read more
A Google executive sparked a fierce backlash from employees by using the word “family” in a weekly, company-wide presentation, according to internal documents obtained by The Daily Caller News Foundation. Many Google employees became angry that the term was used while discussing a product aimed at children, because it implied that families have children, the … Read more
by Jesse “In particular, over a protracted period of good times, capitalist economies tend to move from a financial structure dominated by hedge finance units to a structure in which there is large weight to units engaged in speculative and Ponzi finance.” Hyman Minsky, The Financial Instability Hypothesis “Twenty-five years ago, when most economists were extolling … Read more
On Thursday afternoon, President Trump informed Speaker Pelosi her “public relations” trip to Afghanistan, Egypt, and Brussels has been postponed so that she can stay in DC and negotiate with him. The President canceled Pelosi’s flight just one hour before she was scheduled to depart — Pelosi and other lawmakers were on the bus en … Read more
via Bloomberg: (Bloomberg Businessweek) — Alexandria Ocasio-Cortez might not have seen eye to eye with Joseph Overton, the late free-market advocate. But she has a firm grasp of the concept for which he is best known: the Overton Window. The term refers to the range of ideas that are at any given time considered worthy of … Read more
Pelosi Struggles to Keep Dems United During Government Shutdown. “Moderate, freshman Democrats open to deal.” House Speaker Nancy Pelosi (Calif.) and the rest of the Democratic leadership are struggling to present a unified front during the ongoing government shutdown, as moderate and freshmen members of the majority appear eager to cut a deal with President … Read more
Clever how he mentions “flying commercial” just to make clear that she wasn’t planning to. via Twitter: h/t GR
by TFittonJW Judicial Watch, the public interest group that investigates and prosecutes government corruption, announced today that it has obtained documents from the Department of Defense (DOD) detailing House Speaker Nancy Pelosi’s multiple requests for military air travel. The documents, obtained by Judicial Watch through the Freedom of Information Act (FOIA), include internal DOD email … Read more
https://www.youtube.com/watch?v=XQPrLMImfsA For More Information See: https://www.who.int/emergencies/ten-t…
https://www.youtube.com/watch?v=qkwcZqF_VGc http://archive.fo/YcIcu
by visualcapitalist Globalization has been a powerful force in shaping modern human history. The world economy has become increasingly connected and interdependent over recent decades, and conventional wisdom suggests that this will only continue in the years ahead. But while it’s tempting to extrapolate the past effects of globalization into the future, such a leap … Read more
by John Rubino It’s easy to forget, in light of subsequent events, how terrified the Democrats once were of Sarah Palin. As an attractive Christian woman with a bunch of kids, who apparently liked to hunt moose with her hunky husband, she was an arrow aimed at the heart of a long list of liberal … Read more
by John Rubino Since December gold (light blue line) has outperformed the average stock (dark blue) by a nice margin. So why does this feel like such a let-down? Because the stars were aligned for a much bigger move. The structure of the late 2018 futures market had speculators historically short – which normally portends a … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Number five in two years. Here’s the list. “This decision is a difficult, but necessary one,” ShopKo said in its announcement of the Chapter 11 bankruptcy filing. It blamed “excess debt and ongoing competitive pressures” and “a challenging retail environment.” It said it would try to sell its pharmacy business in an auction … Read more
Cristina Laila for the Gateway Pundit reports, Over 30,000 Los Angeles public school teachers walked out of classrooms and joined the picket line as contract negotiations stalled on Monday. The teachers wore rain coats and carried umbrellas to shield from the torrential downpour in Southern California. https://www.youtube.com/watch?v=3hPKXv-0prk Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019… ABC news reported: More than 30,000 … Read more
Jim Hoft for the Gateway Pundit reports, Since the government is on shutdown President Trump stayed at home in the White House over Christmas break. On Monday the NCAA Football Champions CLemson Tigers visited the White House after their championship win earlier this month. https://www.youtube.com/watch?v=9M4subWnF6w Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019… Clemson Players smiling and laughing as they … Read more
https://www.youtube.com/watch?v=Tk0yTGzdgCQ
by hyousef333 – Fourth Quarter Net Revenues of $8.5 Billion and Earnings per Diluted Share of $0.80 – Record Full Year Net Revenues of $40.1 Billion and Net Income of $8.7 Billion; Earnings per Diluted Share of $4.73 – Compensation expense of $3.8 billion decreased from $4.3 billion a year ago on lower net … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But freight rates remain red hot. Freight shipment volume across all modes of transportation – truck, rail, air, and barge – in December declined about 1% from a year earlier, according to the Cass Freight Index, the first year-over-year decline since the transportation recession of 2015 and 2016, and the latest mark … Read more
Katrina Taylor-Parks pleaded guilty to conspiring to accept bribes while she was former Atlanta mayor Kasim Reed’s deputy chief of staff Prosecutors said Taylor-Parks accepted $4,000 in bribes from a vendor Taylor-Parks was in court Monday afternoon for her sentencing A federal judge ordered her to serve 20 months in prison and pay $15,000 in … Read more
You probably didn’t hear about it on the mainstream financial media. Nobody was tweeting this piece of truth, this smack of reality. But a wakeup call is needed for people to understand exactly WHY something happens. We must acknowledge exactly why something happens, understand the origin, and piece together all the data. Without it, we … Read more
Cassandra Fairbanks for the Gateway Pundit reports, The Black Conservative Movement has launched a #CantBullyUs campaign to combat the hate directed at black Trump supporters from members of the Democratic Party. https://www.youtube.com/watch?v=XjhRVgsQEnw Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019… It's been 400 years since slavery started in the U.S. and the Democrats still think they own us. "We are … Read more