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from Financial Survival Network As we wrote recently, high tax states like NY, CA, CT, NJ, MA, IL and others are starting to feel the new tax law’s impact. Governor Andy Cuomo went to the White House hat in hand to beg for the increasing of the SALT deduction (It was unlimited but the law reduced … Read more
by Nomi Prins via Daily Reckoning In the land of the Federal Reserve and its market-manipulating mechanisms, there’s now an unofficial market term called the “Powell Put” or the “Powell Pivot.” It is in direct reference to Fed chairman Jerome Powell. Before he became chairman, Wall Street referred to prior heads’ policies with terms like the “Greenspan Put” … Read more
by Simon Black Last month, Chicago hedge fund billionaire Ken Griffin spent $238 million on a condo in New York City. It was the most expensive home ever sold in the US (but only one piece of Griffin’s massive, luxury real estate portfolio). Good for Ken… he’s incredibly wealthy and can spend his money however he wants. But most … Read more
by Dr. Eowyn Earlier today, Senate Majority Leader Mitch McConnell (R-Kentucky) said President Donald Trump will sign Congress’ border security compromise, which is really a bi-partisan collusion for open borders. The product of nearly three weeks of talks, the agreement provides almost $1.4 billion for new barriers along the boundary, which is less than the … Read more
by Dr. Eowyn Ryan Gaydos reports for Fox News, Feb. 11, 2019, that sheriffs in 12, mostly rural, counties in Washington state are refusing to enforce a new gun-control law, Initiative 1639, that was passed last November, on the grounds that it is unconstitutional. I-1639 is a sweeping measure that raises the minimum age for buying … Read more
by DCG You’ll never see demorat bureaucrats forcing businesses to disclose any ties to the baby-killers Planned Parenthood. Mayor Eric Garcetti tweeted the following about this action: “Thoughts and prayers are not enough for L.A. Angelenos deserve to know who their City does business with, and we’ll keep fighting every day to get guns off the street and keep … Read more
Well worth the watch. I have thought a lot of things about Alexandria Ocasio-Cortez and the Green New Deal. However, after closer consideration…I’ve realised it’s much, much worse than I thought. h/t The Pale Horse Jockey
By Harry Dent I just gave my second keynote for a major, top-secret crypto conference. It was SO secret, the organizer didn’t disclose the location on the website and only let us know where to travel to at the last minute. These techno visionaries want a bottoms-up world like me, but with total transparency and … Read more
by WARREN MOSLER Starting to look more like most of the rest of the world: US retail trade fell by 1.2 percent from a month earlier in December 2018, following a revised 0.1 percent growth in November and missing market expectations of 0.2 percent gain. It was the steepest decline in trade since September 2009, as … Read more
insane provisions in the amnesty omnibus bill Before getting into the details of this crazy omnibus bill, it’s important to recognize that we don’t understand all the details. The worst provisions are written in vague language ensconced in an 1,169-page bill, which has already been posted online in two different versions (the first was 10 … Read more
via consortiumnews: When Hawaii’s Rep. Tulsi Gabbard announced her plans to run in the 2020 presidential election, I predicted that it would disrupt war propaganda narratives and force a much-needed conversation about U.S. interventionism, but I didn’t realize that it would happen so quickly, so ubiquitously and so explosively. Gabbard officially began her campaign for president a little over a … Read more
GREAT MOMENTS IN GASLIGHTING. ABC Political Director Rick Klein Defends Green New Deal: ‘They’re Not Taking Away Your Hamburgers, Cars, Planes:’ “And if you don’t have a name attached to it and you don’t misconstrue it. If they’re not taking away your hamburgers, or your cars or your planes, you have to — if you present … Read more
Which is why it was impossible not to smirk when moments ago House of Representatives Foreign Affairs Committee Chairman Eliot Engel said that “Congress would not support a US military intervention in Venezuela” during a hearing on the crisis in Venezuela on Wednesday. “US military intervention is not an option,” Engel said quoted by Reuters. … Read more
by Playaguy This video is already over a year old but still worth the half hour, in my opinion. A man who writes a cartoon strip has a very interesting perspective on society. In this video he shares his opinion why politics is making people so irrational (screaming at the sky anyone) and what to … Read more
People are Oddly Calm After the Former Deputy Director of the FBI Just Admitted He Conspired With the Deputy Attorney General to Carry Out a Coup d’état on the President https://thehill.com/homenews/administration/429960-mccabe-said-justice-dept-discussed-25th-amendment-confirms-rosenstein Michael Tracey Verified account @mtracey The top law enforcement officials in the country conspired to overthrow the elected president, thereby effectively overriding the expressed … Read more
by Michael Snyder All over America retailers are going bankrupt and closing stores. Of course this has been happening for years, but as you will see below the numbers have dramatically escalated during the early portion of 2019. Our landscape is already littered with countless numbers of hollowed out stores and abandoned malls, and it is … Read more
by Michael Snyder On Wednesday, the House and the Senate both passed a massive 1,159 page spending bill that they were given less than 24 hours to read. There was a concerted effort by the leadership of both parties to rush this bill through before the American people could be mobilized to oppose it. We … Read more
Judge removes Manafort’s plea deal. McCabe admits everything,[RR] is leaving his post, he never testified but he has no problem speaking to reporters. Mueller’s insurance policy is almost up. MSM prepares the public for Mueller’s Russian Collusion report, they are projected on how nothing was found. Trump is reviewing the border bill, there are tons … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Consumer exuberance maxed out last summer and has since changed direction. The headlines today were all about retail sales that “fell most since 2009,” or as the WSJ put it, “at Fastest Pace since 2009,” or as CNBC put it, “so bad it’s either suspect data or a recession warning.” So … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Prudent cost-cutting move artfully dressed up as response to local politicians that had railed against the $3-billion corporate welfare package. Amazon scuttled plans to build its HQ2 in New York City today, citing opposition by some “state and local politicians.” They’d been railing against the $3-billion taxpayer-funded price tag to induce … Read more