A Simon Property Group Mall Generates Largest Loss Ever for Retail CMBS

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter How the Brick & Mortar Meltdown works for Commercial Mortgage-Backed Securities after America’s largest mall landlord defaults on a mortgage and walks away from the mall. The dust has settled and the numbers have emerged: A $200-million commercial real estate mortgage on an indoor mall of over 1 million square feet … Read more

Kurt Schlichter: Pay for your own damn college!

https://bit.ly/2FZsk0y Kurt Schlichter of The Rebel reports: When 60 Minutes published a story gushing over medical students whining about how much their education cost, it got plenty of backlash. Now, that story in particular was about a rich guy writing a check voluntarily, but it was designed as battlespace preparation for the “Free College” promise … Read more

PAIN CAPABLE: As The Senate Debates Banning Abortions After 20 Weeks, Maybe You Should See What A Baby At That Stage Looks Like

by Geoffrey Grider The baby girl weighed less than a pound when she was born just 21 weeks into Courtney Stensrud’s pregnancy. Infants that tiny and undeveloped aren’t expected to survive outside the womb, but her mother insisted that she be resuscitated. Lyla — who is now 4 — appears to have made medical history. Right … Read more

Wall Street loves socialism for bankers, but not for ordinary people — JPMorgan CEO Jamie Dimon decries socialism. Unless of course it’s the banks that need a government bailout

by User_Name13 Insane levels of hypocrisy here from JPMorgan CEO and bankster-extraordinaire Jamie Dimon. This has been the playbook in America for the wealthy the past 40 years: Privatize the gains, socialize the losses. Us taxpayers pay to bailout bankers and banks, but no one is going to do the same for the poor, average … Read more

Why much of the country is headed for $4 gas. Watch the MSM sell price gouging to the masses.

by MyPenisIsALesbian   With the summer driving season arriving and the subsequent increase in gasoline demand, refiners are planning their annual maintenance turnarounds to restrict supply. Additionally, they’re claiming that a spike in corn prices are driving up the cost of ethanol, which is an additive used as in volumes up to 10% in retail … Read more

US Losing China Trade War. So, Let’s Enter ANOTHER With The EU? By Gregory Mannarino

TradersChoice.net, Released on 4/9/19 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate … Read more

Court Filing Reveals Numerous Comey Memos Including Investigative Meetings, Sources, Methods and Contacts…

by sundance A late day submission to DC Circuit Court in a FOIA case previously discussed, reveals the content of Mueller’s probe & use of multiple, previously unknown, James Comey memos. Additionally, within the filing we discover how Comey documented multiple events, meetings and information surrounding the FBI investigation of Donald Trump. The documents surface as part … Read more

Border Patrol official drops staggering stat about the nationalities of illegal immigrants, asylum seekers

Watch the latest video at foxnews.com A caravan-size influx of migrants is flooding across the border each week in just a single sector, a top Border Patrol official told lawmakers Tuesday — the latest indicator of the growing migration crisis on the southern border. “Much media attention has focused on caravans coming across from Central America,” … Read more

3 yr old locks dad out of iPad for 50 years!

A D.C.-based journalist has apparently been locked out of his iPad for more than 25 million minutes – or, nearly half a century – after his 3-year-old son tried to use it without the correct password, according to a screengrab shared on his Twitter page. “Uh, this looks fake but, alas, it’s our iPad today after 3-year-old tried (repeatedly) to unlock. … Read more

Oil Markets Set For Further ‘’Disruption’’

By Irina Slav Already rocked by excessive volatility, the oil market could become even more volatile in the coming months, according to the chief strategist of JTD Energy Services, with geopolitical disruptions pushing prices higher. “It’s almost like 2011, when (former Libyan dictator Muammar Gaddafi) was toppled. If … Libya comes into play, that’s only going to add … Read more

If You Want to Be Rich, Don’t Hate Rich People

By Jared Dillian   There is a lot of talk about socialism in the United States. Much of it is coming from people who are pretty well-off, relatively speaking. Don’t you think that’s weird? Take a family led by two white-collar workers who make about $75,000 a year. With $150,000 in income, you still have … Read more

SAN FRANCISCO’S SLOW-MOTION SUICIDE

via nationalreview: Magnificent in the distance, San Francisco is now shockingly ugly up close. In the decade I have lived here, the city has achieved the seemingly impossible: It has combined the expensive and the bland and the appalling into a new form of decadence. To the untrained eye, it looks magical: a city of the … Read more