from Zero Hedge The IMF just broke its own record of incompetence: less than a year after its record, $57 billion bailout of Argentina was finalized, S&P just downgraded the country from B- to Selective Default – the equivalent to a default rating – following the government’s “reprofiling” of its debt on August 28, when it … Read more
By Tsvetana Paraskova All major stakeholders in the oil industry need oil prices to be higher than the current $60 a barrel Brent Crude to turn profits or balance government budgets. Yet, in the long term, oil prices at $60 wouldn’t be competitive in the transportation sector because they won’t be able to compete with electric vehicles … Read more
By Nick Cunningham Lower oil prices and ongoing financial stress in the U.S. shale industry are creating headwinds for drillers, and it appears increasingly likely that supply growth could undershoot forecasts. U.S. oil production fell in June to 12.082 million barrels per day (mb/d), according to new data released by the EIA on Friday. That is a … Read more
by TFittonJW Comey should have been arrested but his coup cabal cronies were running the show when it was first learned he stole President Trump’s FBI files, some of which were classified, and then lied about leaking and hiding them in his home.
Let’s combat cow farts! By eating veggie burgers made with beans! AC
Facebook may soon start hiding likes on News Feed posts. The company already tested a similar move on Instagram in August as a way to help break users’ fixation with getting likes on their pictures. Data miner Jane Manchun Wong discovered that Facebook is experimenting with the change in its Android app Monday. The company said Monday it’s considering … Read more
By Jared Dillian You have probably heard that $15 trillion of bonds are trading with negative yields. That’s 25% of all sovereign bonds outstanding. Lots of people are furious about this—but it’s no use getting mad at the market. Lots of people say it doesn’t make sense. It makes sense to me, and to a … Read more
by Michael Snyder Since the end of the last recession, the outlook for the U.S. economy has never been as dire as it is right now. Everywhere you look, economic red flags are popping up, and the mainstream media is suddenly full of stories about “the coming recession”. After several years of relative economic stability, … Read more
by Michael Snyder This is the worst natural disaster that the Bahamas have ever seen. For hour after hour, Hurricane Dorian has remained almost stationary over the islands, and the devastation is immense. Power poles are being snapped like twigs, vehicles are being tossed about like toys, and thousands upon thousands of homes have already … Read more
https://www.youtube.com/watch?v=hXF0Emh3Rw8
via taxprof: Wall Street Journal, Collapse of the Inequality Argument?: Leftist politicians have been saying for years that a dramatic rise in wealth and income inequality is the central economic problem of our time. It remains the go-to explanation among Democratic presidential candidates for their myriad schemes to increase federal taxation. But the claim of an inequality … Read more
https://www.youtube.com/watch?v=kubXVHhCmWc Hurricane Dorian AKA Big Bad Wolf – Bahamas Marsh Harbor interior is completely destroyed after Hurricane Dorian destructive 220 MPH plus winds turns everyday objects into projectiles and sustained tornado like winds strips buildings and vegetation from islands . The vast majority of media is now claiming its a category 4 storm and not … Read more
via lidblog: CNN has benched one of its own TV commentators Steve Cortes, because he is a Hispanic man who supports President Donald Trump and who also said that CNN is pushing a fake “racist narrative.” Now, just stop and think for a second what CNN has done here. They have kept their own guy off … Read more
Gov. Andrew Cuomo doubled down last week on his blame-the-messenger approach to New York’s growing shortage of natural-gas supplies by ordering the Department of Public Service to “broaden its investigation” of National Grid and threatening to “find another franchisee.” Anything, rather than admit that his own policies are at fault. The utility has stopped taking new … Read more
By Tsvetana Paraskova For the first time ever, ExxonMobil wasn’t among the top ten companies in the S&P 500 by index weight at the end of the month this August as energy stocks give way to technology as the biggest firms with the largest weight in the index. According to the month-end company weightings published by S&P Dow Jones … Read more
ELECTION PROGNOSTICATIONS: “Of course, we’re deprived of any painfully honest discussion of how much the Democrats need black voters in big cities to control the electoral votes of the swing states and why they’re having trouble getting these votes in the post-Obama era.” “The four are Pennsylvania, Michigan, Wisconsin and Florida. Many analysts point to Wisconsin … Read more
The Texas Legislature passed a slew of laws this year that will ease restrictions on guns, including allowing firearms in public places like schools and churches, on rented and leased property and during disasters. The laws take effect hours after at least 7 people were killed in a mass shooting in Midland/Odessa in West Texas and weeks after nearly … Read more
HSBC Argentina ousts CEO after Macri’s downfall in the primaries A close adviser to the President, Gabriel Martino was a minister in everything but the title. His old disputes with the Kirchner administration might also be behind his exit. The unexpected results of Argentina’s presidential primaries might take its first victim of the corporate world. … Read more
BORIS Johnson is planning a snap general election in five weeks’ time if he loses against rebel Remainers this week, The Sun can reveal. The dramatic move is a significant change of thinking in No10 as it would see a nationwide poll take place before Brexit is due on October 31… Continue reading: https://www.thesun.co.uk/news/brexit/… Tony … Read more
That’s right. The Democrats are so unscrupulous, so uncaring, and so power hungry they are literally rooting for China to destroy our economy in order to re-capture the rust belt states they need in order to win in 2020. The Left Sides With China, Since Orange Man Bad h/t Annie Oakley