Don’t Blame The Weather: It’s The Economy, Stupid!

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By David Stockman   “Don’t Blame The Weather” Trader Warns “It’s Always Been The Economy, Stupid” Overnight headlines from China confirmed the global economic slump as exports crashed, and while excuse-makers are out in force this morning already (as US and Chinese stocks tumble), former fund manager and FX trader Richard Breslow warns, “don’t blame the … Read more

Black advocacy groups want a “civil rights audit” of CNN

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by DCG Al Sharpton approved. From Hollywood Reporter: CNN is facing calls to diversify its executive ranks from two prominent organizations that advocate for African-Americans, the National Association for the Advancement of Colored People and the National Association of Black Journalists. The broadside began on Tuesday, when the NABJ blasted the network, saying it is “concerned about the … Read more

Rep. Devin Nunes is preparing criminal referrals re. FBI & FISA to Attorney General Barr

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by Dr. Eowyn Is this another false hope? A criminal referral or recommendation is a notice to a prosecutory body, recommending criminal investigation or prosecution of one or more entities for crimes which fall into that body’s jurisdiction. In the U.S. federal government, agencies that investigate crimes — including the House Intelligence Committee — typically refer cases to … Read more

Julian Assange has not committed any crime

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by Ian Shilling Julian Assange has not committed any crime. Journalism and Publishing are NOT crimes. In fact they are specifically protected in the U.S. Constitution under the First Amendment as a prerequisite for a Free Society. The fact that Madison and the Founding Fathers felt it necessary to include the protection of the Free Press … Read more

Man credited with calling the 2008 crisis says the next 20 years in the stock market will ‘break a lot of hearts’

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Via Marketwatch Jeremy Grantham, an investor credited with predicting the 2000 and 2008 downturns, told CNBC on Thursday that investors should get inured to lackluster returns in the stock market for the next two decades, after a century of handsome gains. “In the last 100 years, we’re used to delivering perhaps 6%,” but the U.S. … Read more

The Fed Is Playing a Dangerous Game

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By John Mauldin Two months ago, Fed Chair Jerome Powell set off a market panic. He suggested the FOMC would do what it thinks is right and let asset prices go where they may. They promised at least two if not three more rate hikes in 2019. The stock market fell out of bed. Fast forward … Read more

Curiously, the DNC-MSM didn’t highlight those stories much until Obama left office.

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ILHAN OMAR: Obama’s “hope and change” was a mirage: Recalling the “caging of kids” at the U.S.-Mexico border* and the “droning of countries around the world” on Obama’s watch, she argues that the Democratic president operated within the same fundamentally broken framework as his Republican successor. “We can’t be only upset with Trump. … His policies … Read more

Is This the Beginning of a Massive Dollar Run?

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via Gary Shilling PhD: Some 88% of all currency transactions globally involve the buck. The euro is a distant second at 31%, the Japanese yen is third at 22% and the Chinese yuan is involved in only 4%, not much more than the Mexican peso’s 2.2% despite the Chinese economy being 11 times that of Mexico. … Read more

This is America, 2019 – Whistleblowers are now being forced to testify against journalists and sent to jail when they don’t cooperate.

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by ElderOfTheUniverse   A secret trial against a source for refusing to testify against a journalist – Chelsea Manning jailed for refusing to testify on WikiLeaks and Assange. Whistleblowers are now being forced to testify against journalists and sent to jail when they don’t cooperate. This is America, 2019: A secret trial against a source for … Read more

LAWMAKERS IN HAWAII PROPOSE REPEALING SECOND AMENDMENT

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SOURCE: FEE.ORG By Carey Wedler, Jon Miltimore Legislators in Hawaii, which has some of the most restrictive gun laws in the United States, moved this week to bring their concerns about the Second Amendment to the national level. In Senate Concurrent Resolution (SCR) No. 42, introduced Tuesday, Democratic lawmakers assert that in light of the numerous tragic mass shootings at schools, work places, … Read more

PEGGY NOONAN: Get Ready for the Struggle Session. “In America, and even more so on Twitter, there’s a whiff of China’s Cultural Revolution in the air.”

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via WSJ:   Mao unleashed university and high school students to weed out enemies and hold them to account. The students became the paramilitary Red Guards. They were instructed by the party to “clear away the evil habits of the old society” and extinguish what came to be known as “the four olds”—old ideas and … Read more

$7 Trillion Of Unfunded Pensions

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by Jim Quinn This will surely end well 4th quarter market meltdown was enough to increase the total pension funding deficit by $700 BILLION can you imagine what a real market downturn would do?? pic.twitter.com/WYtJDJSG2e — steph pomboy (@spomboy) March 7, 2019 Social Security has 10 years left under ideal circumstances. Any boomer without useful, … Read more

Doctor uses robot to tell patient he is dying

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via fox5ny: FREMONT, Calif. (KTVU) – When Ernest Quintana went into Kaiser Permanente Medical Center’s emergency department in Fremont on Sunday, his wife of 58 years, his son, daughter and  granddaughter all worried about the 79-year-old man. They say it was hard enough to learn that his lungs were failing, but they couldn’t believe it when a hospital … Read more

The Usual Lies (Illinois Version): Cut Taxes! And Pay Down Debt! And More Spending!

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via illinoispolicy: Pritzker’s proposed progressive income tax rates harm Illinois’ economy, while hardly fulfilling his promises. Progressive income tax rates proposed today by Illinois Gov. J.B. Pritzker won’t hit his promised $3.4 billion in revenue. Analysis by the Illinois Policy Institute reveals revenue from these proposed rates would bring in only $1.4 billion, according to dynamic … Read more

Jeremy Grantham: US Approaching “Brazil or Chile” Levels of Wealth Disparity

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via global-macro-monitor: Great and super fascinating interview with investing legend, Jeremy Grantham, one of the best bubble spotters out there. “I arrived in 1964, and America was a fairly equal place with fairly rapid mobility between socioeconomic classes,” Grantham told CNBC’s Wilfred Frost. “Now it’s worse than the U.K.” Grantham also said the wealth inequality in … Read more