FAKE NEWS: Washington Post implies Trump encourages shooting border crossers.

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Watch the latest video at foxnews.com The Washington Post suggested Thursday that President Trump endorsed “tacitly encouraging extrajudicial killings and brutality” against caravans headed to the U.S. The paper’s story focused on a moment that occurred immediately after saying he would “never” use weapons at a Florida campaign rally Wednesday. Trump was discussing the ongoing issue of migrants crossing the Southern Border and … Read more

US set to impose tariffs on remaining $300 billion in Chinese imports

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https://twitter.com/spectatorindex/status/1126984774038376449 The Latest on the tariffs standoff between the United States and China (all times local): 6:50 p.m. U.S. Trade Representative Robert Lighthizer says his office is preparing to impose tariffs on the $300 billion in Chinese products that aren’t already facing import taxes, another escalation in Washington’s dispute with Beijing. The U.S. just after … Read more

Graham Sends Letters to Horowitz and Pompeo – FBI Backtracks on Self-Serving Redactions…

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by sundance Against the backdrop of documents from the state department, Senator Lindsey Graham sends a letter to both OIG Michael Horowitz and Secretary of State Mike Pompeo seeking additional information about State Department contact with Christopher Steele. (Source Link) Additionally, the FBI has apparently reversed course on the self-serving redactions they put in place when the Kavalec Memo was released.  A less redacted … Read more

Biden caught in immigration hypocrisy after rediscovered clip shows him demanding border fence

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Joe Biden is being called out for immigration virtue-signaling after a video of the Democratic candidate calling for a fence “40 stories high” at the US-Mexican border to keep out the Mexicans bringing in drugs resurfaced. “I voted for a fence,” Biden boasts in the video, unearthed by CNN, before launching into a rant against … Read more

Journalists in places like Mexico and Brazil are truly at risk, and if open carry makes them safer, I’m all for it.

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WHAT COULD POSSIBLY GO WRONG? “Brazil to allow crime reporters to carry guns for protection” reports the UK Press Gazette. Don’t get me wrong, I think the Second Amendment says what it says and though I haven’t owned a weapon in decades, the people who want to stop you from owning one are for the most part … Read more

California’s Rent Control Advocates Are About To Get What They Want, Good And Hard:

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via reason: Tenants’ rights groups are ecstatic that two major rent-control bills have sailed through the Assembly’s Housing and Community Development Committee. Democratic supermajorities and Gov. Gavin Newsom’s blessing may assure the bills will become law, thus offering the latest affirmation of H.L. Mencken’s infamous quotation: “Democracy is the theory that the common people know what they … Read more

Could Your Age Cost You Your Job?

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by Nilus Mattive via Daily Reckoning If you’re over 50, chances are the decision to retire won’t be yours. A new data analysis by ProPublica and the Urban Institute found that more than half (56%) of U.S. workers over 50 have been fired, forced to retire early, or pushed out of their jobs before they were … Read more

How The Trade War Is Going To Affect You And Your Family

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by Michael Snyder As expected, trade negotiations with China concluded on Friday with no trade deal in sight.  Treasury Secretary Steven Mnuchin called the negotiations “constructive”, and that helped calm the financial markets, but there really isn’t any reason to be optimistic at this point.  The negotiations that happened this week did not even come close … Read more

Inflation by City, from Hot to Cool, from San Francisco to Chicago

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Cities Where Americans Suffer Hot Inflation, But There Are Cool Spots Too This is something the people in the San Francisco Bay Area have figured out a long time ago: The national inflation numbers don’t quite measure up to local realities. The Bureau of Labor Statistics reported today that the national Consumer Price … Read more

“Get The Popcorn Ready” – Why The World’s Most Bearish Hedge Fund Thinks The Biggest Crash Is Almost Here

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via Zerohedge: Conventional investing wisdom would have you believe that anybody who has remained bearish on global markets since the financial crisis has not only lost a boatload of money, but has missed out on the opportunity to cash in on one of the most torrid bull markets in recent memory. However, as Horseman Global’s … Read more

Corporate Debt May Be an Economic “Brush Fire” that Could Burn Out of Control

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From Birch Gold Group During dry season, you always want to make sure you completely put out your campfire. Otherwise, it could quickly become an out-of-control brush fire. Right now, corporate debt is that brush fire. And rising interest rates since 2015 could compound the problem if an economic downturn occurs. We warned about this increasing corporate debt … Read more

Trump Is Asking For A 1999-Style Stock Market Melt-Up

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by Jesse Colombo  Last week, President Donald Trump reiterated his call for the Fed to cut interest rates: President Trump is technically correct in saying that the economy (or, more accurately, the stock market) would “go up like a rocket” if the Fed cut rates by 1%, but only because doing that would supercharge the dangerous … Read more

House Flipper Zillow Lost $109K (37%) Per Flip, Net Loss Triples, Shares Soar

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But this new & horrendous house flipping operation inflated revenues “more than expected.” Zillow, which has generated an unbroken series of annual losses as a public company since its IPO in 2011, has figured out how to lose even more money, a lot more money, and at the same time boost … Read more