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by Charles Hugh-Smith Insolvency isn’t restricted to private enterprise; governments go broke, too. One reason the economy is so much more precarious than advertised is inflation has pushed households and small businesses to the edge–and one engine of that inflation is local government. This is not to dump on local government, which is facing essentially unlimited … Read more
As Congress’s resident socialists tell it, the Americans who hold a collective $1.6 trillion in student loan debt are victims of an exploitative higher education system, robbed of their financial future through no fault of their own. That’s why Rep. Alexandria Ocasio-Cortez, D-N.Y., Sen. Bernie Sanders, I-Vt., and their cohorts introduced a bill this week to cancel all student … Read more
WATCH: President Trump rips @Twitter, @Google and @Facebook for trying to rig the 2020 election against conservatives. #BigTech #censorship pic.twitter.com/hIuUmcAYoV — Trump War Room (@TrumpWarRoom) June 26, 2019 President Trump Reacts to Veritas Google Investigation: “they’re trying to rig the election” .@realDonaldTrump on @Project_Veritas Google investigation: “We should be suing Google and Facebook and all … Read more
via freebeacon: Leading media personalities and top Democratic officials have gone from saying there was no crisis at the southern border to saying there is one in just a few short months. Hosts on CNN and MSNBC like Joe Scarborough, Don Lemon, Chris Cuomo, Nicolle Wallace and others went along with Democratic talking points earlier this … Read more
via MSM: RIVERBANK (CBS13) — A Ceres-based company that made its name providing security for Super Bowls is now tapping into the domestic market. IntelliSite makes cameras that go above and beyond just capturing video footage. The cameras were installed Monday on Squire Way near the Crossroads shopping center in Riverbank. In just two hours, the … Read more
by jessefelder The latest margin debt figures were released last week and they show leveraged investors continue to delever. In fact, margin debt is now falling at an annual rate of 15%, a level of derisking that has always been accompanied by a minimum 20% decline in the S&P 500 over the past half century. … Read more
by WARREN MOSLER Now in contraction year over year: US Durable Goods Orders Drop for 2nd Month New orders for US manufactured durable goods fell 1.3% in May, after a 2.8% plunge in April and much worse than market expectations of a 0.1% drop. Transportation equipment, down three of the last four months, was mostly … Read more
When fake information makes the stock market go higher, you know you have a serious problem. They trade on such worthless information. Things that are opinion or unconfirmed reports. We will understand exactly why computer algorithms are terrible in the next crisis. Computer algorithms will create mass havoc in the next financial crisis. There … Read more
https://www.youtube.com/watch?v=ywfZRQS2xQM 100% Fed Up reports,Who knew CNN could put out some truthful reporting once in a blue moon? As part of a panel on CNN’s “Inside Politics,” John King, Abby Phillip, Matt Viser, and Catherine Lucey slammed Judiciary Chairman Jerry Nadler and Democrat members of the House Judiciary Committee for their conduct in a hearing … Read more
Koch brothers have immigration agenda, want Republicans to be soft on crime. #Tucker #FoxNews
Europe is bracing for what could be a historic heat wave this week, with temperatures potentially reaching at least 95 to 105 degrees. The Washington Post reported that a record-breaking heat wave is expected to hit its peak midweek, with the region spanning from Spain to Poland possibly seeing temperatures surge at least 20 … Read more
WASHINGTON (AP) — Sales of new U.S. homes slumped 7.8% in May, as sales plunged in the pricier Northeastern and Western markets. The Commerce Department said Tuesday that new homes sold at a seasonally adjusted annual rate of 626,000 in May, down from 679,000 in April. During the first five months of the year, purchases … Read more
https://www.youtube.com/watch?v=o9i3-AD5u3I In a win for advocates of free speech, the Supreme Court has struck down a ban on trademarking words and symbols that are “immoral” or “scandalous.” The 6-3 decision is also a victory for those seeking trademark protection for profane and even racist brand names. https://marygreeley.com/?p=87218
by Jared Dillian I’m bouncing off of Kashana Cauley’s mini-rant in GQ about Suze Orman and the personal finance “industry” in general. The key paragraph here: This past weekend, CNBC reminded us of Orman’s distaste for coffee: “If you waste money on coffee, it’s like ‘peeing one million down the drain.’” Man, personal finance experts do love … Read more
1 of 2 2 of 2 Quarantined Subreddits https://www.reddithelp.com/en/categories/rules-reporting/account-and-community-restrictions/quarantined-subreddits VIDEO: Mike Thompson Releases Prophecy Regarding Tech Censorship: “The Lion is Awake” (June 6th, 2019) Related: Donald Trump: Mike Thompson’s Heavenly Vision 238,548 views Mike Thompson Published on Apr 12, 2016 h/t KOS
Jeff Bezos and Bill Gates are the richest people in the world, worth $119 billion and $107 billion respectively, according to Bloomberg. Amazon is headquartered in Seattle and Microsoft is just outside the city, and both billionaires have homes in the nearby small town of Medina, Washington. With a population of just over 3,000, Medina is the seventh richest zip code in the U.S. with a median … Read more
via @crossbordercap: #PBOC is the main contributor to the improvement, followed by the #BOJ. Fed liquidity is shrinking at a slightly quicker pace #PBOC liquidity injections to June..
via upfina: The S&P 500 is up 17.7% year to date as of June 21st. That’s a fantastic run for an economy headed in the wrong direction. It’d be amazing performance even if the economy was seeing accelerated growth. Specifically, the S&P 500 hasn’t been up 15% headed into the last week of the first half … Read more
by Jeff Clark, Senior Analyst, GoldSilver It’s pretty daring to claim that you’re near certain an investment will pay off. But that’s exactly what I’m doing. Irrespective of anything you’ve heard from Mike Maloney and his predictions about precious metals, it is my personal opinion that at some point gold (and silver) will inevitably pay off in a … Read more
The most expensive home on the market in the US just got significantly less expensive. The Los Angeles property dubbed Chartwell had a cool $50 million chopped from its asking price on Monday, taking its price tag down to $195 million from the whopping $245 million it was asking when it officially hit the market … Read more