Much Ado About Nothing

by Jim Quinn The left wing MSM is breathlessly reporting Trump’s massive losses from 1985 through 1994. They seem to have no concept of how the US tax code works. Trump is a real estate mogul. When you own real estate, you are entitled to huge depreciation write-offs on your tax returns. Big tax losses … Read more

Beware Of The ‘Permanently High Plateau’ Fallacy

by Jesse Colombo Last week, venture capitalist Chamath Palihapitiya said that central banks have virtually eliminated recessionsthrough their aggressive monetary stimulus programs such as quantitative easing (QE) and record low interest rates – “I don’t see a world in which we have any form of meaningful contraction nor any form of meaningful expansion. We have completely … Read more

Julian Assange is rotting in a high-security prison for being a journalist as Trump pardons a soldier convicted of murdering a man in US custody.

via thefreethoughtproject: Ali Mansur Mohamed was shot and killed in 2008. The man who killed him, U.S. Army 1st Lt. Michael Behenna, was found guilty of unpremeditated murder for Mansur’s death and sentenced to 25 years in 2009. Now, years later, president Donald Trump has issued Behenna a full pardon. After taking Mansur in for questioning … Read more

Uber Alles the IPO

by Jesse Uber the IPO “If you’re the Democrats and you look at the lessons of the election, you saw that people rejected your neoliberal economic legacy, that means you have to start challenging the powerful corporate sectors that you’ve been representing for a long time, actually posing real alternative policies to Donald Trump. If … Read more

Kelsey Bolar: Many 2020 Democrats Know Americans Don’t Care about Mueller Report

    https://www.cbsnews.com/news/justice-dep…er-report/ Justice Department threatens executive privilege over entire Mueller report The Justice Department warned it will ask the president to invoke executive privilege over the entire Mueller report if the committee does not cancel a planned vote to hold Attorney General William Barr in contempt Wednesday morning, according to a letter from Assistant … Read more

OPINION: Theresa May’s departure with all speed must become a matter of principle, not timing or convenience

by John Ward I don’t want Theresa May to disappear into well-deserved obscurity to save the Conservative Party. I want her dismissal to be a very important first step: the first step we take in abandoning denial of Alt State takeover, and starting the process of getting our free-speech Democracy back. That culture is under threat … Read more

Economic Warfare Man Strikes Again

by Tom Luongo It’s getting tiresome watching Donald Trump’s bipolar presidency. It seems he can’t let a day go by without making some massive announcement to raise tariffs, threaten sanctions or overthrow a government. Every 24 hours is another exercise in chasing the Trump Reality Show around. Every lull in the perpetual news cycle has to … Read more

Examining the Cost of Living Between 2000 and 2019

via mybudget360:   Most Americans are familiar with Alice in Wonderland.  The Red Queen’s race in the story highlights Alice running but remaining in the same spot.  Many Americans can relate.  They are working harder yet somehow feel stuck.  Putting more and more energy just to stay in the same spot economically.  And many are unable to … Read more

‘Conservative and Low-Risk’ Funds Cloak Large Capital Danger for Many

by Danielle Park A decade of ultra-low yields and financial gimmicks have turned a generation of savers unwittingly into gamblers and fueled a marketing bonanza of ‘high yield’ funds, products and strategies sold to gullible masses hoping for more than the safest assets were offering.  As in the last two cycles, this speculative frenzy was always … Read more

‘Bond King’ Gundlach Says the National Debt Is ‘Totally out of Control’

DoubleLine CEO Jeffrey Gundlach is flagging risks in the rising U.S. deficit. “People are starting to realize that the deficit and debt are totally out of control,” Gundlach says on CNBC’s “Halftime Report” Tuesday. Gundlach also flagged trouble in the corporate bond market, which “is so much worse today than it was in 2006.” U.S. … Read more