80,945 commenters were against the request. 75 were in favor. Yet the government goes ahead with it anyway. More signs that our democracy is dead.

State approves Nestle’s water withdrawal permit—Michigan approved a permit from Nestle to increase the amount of groundwater it pumps to 400 gallons of water per minute, Michigan received a unprecedented number of public comments on Nestle’s proposal. 80,945 commenters were …

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Scholars at Michigan State University discover an unauthorized 21 TRILLION dollars in the United States government spending budget, causing them to conduct their first audit in history.

Earlier this year, a Michigan State University economist, working with graduate students and a former government official, found $21 trillion in unauthorized spending in the departments of Defense and Housing and Urban Development for the years 1998-2015. The work of …

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Rising Rates/Credit spreads effects EVERYTHING, SPX Rolling Over, 37% of households’ total financial assets are currently invested in equities.

https://twitter.com/MacroTechnicals/status/980879597804847108 Goldilocks Who? 50% More Corporate Credit Downgrades vs Upgrades Q4 17 In a near-ZIRP world, US corporations can’t help but overfeed at the debt trough. As Default Rates Rise, Banks Hike Debt Interest Rates 1% in 6 Months “Wall …

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Technically Speaking: The Death Of Bull Markets

by Lance Roberts “Technically Speaking” is a regular Tuesday commentary updating current market trends and highlighting shorter-term investment strategies, risks, and potential opportunities. Please send any comments or questions directly to me via Email, Facebook or Twitter. The big question for investors at the moment is whether …

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ONE OF THESE THINGS IS NOT LIKE THE OTHER

Why Xi’s lifting of term limits is a good thing   Found via Gabriel Malor of the Federalist, who tweets, “Er…a non-twitter pal notes that WaPo has literal communist propaganda today.”     Bezos’ illegal unregistered lobbyists kissing up to totalitarian scum to …

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Above The Fold…

by Chris This morning, in the WSJ on-line edition, right at the very tippy top of the page in the left corner, minutes after the “”market”” opened, the WSJ marketing machine was busy helping Wall Street sell more of its inventory: …

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Speaking Of Planned Obsolesence

by Chris Found this on Reddit the other day. This makes my blood boil, it’s so stupid. There’s nothing that makes me more annoyed than realizing I’ve bought something designed to break.  Just make it properly and charge me reasonably.   Which …

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There’s something terribly wrong at the FBI.

JAMES BOVARD: After the FBI’s Pulse nightclub failure, why should we trust James Comey anymore? We shouldn’t. Federal prosecutors flourished the FBI memo of Salman’s confession as the ultimate proof of her perfidy. But the memo contained false statements and contradictions which …

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