We are not just fighting Democrat candidates

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by TrailDust The candidates are sufficiently creepy to hold our attention… But there are other factors we need to deal with beyond the wild-eyed socialists and demagogs of the DNC. These factors are the voting blocks the Demonrats rely on. The constituencies the Demonrats need most are as follows: These voting blocks are admittedly overlapping. They represent specific angles … Read more

5 Lessons About Volatility to Learn From the History of Markets

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via visualcapitalist: In 2018, the re-emergence of volatility took many market participants by surprise. After all, aside from a few smaller, intermittent spikes over the course of the current bull market, volatility has largely been in a long-term downtrend since the aftermath of the 2008 Financial Crisis. Whether there is more volatility lurking ahead this year … Read more

3 Charts That Scream “Don’t Buy Stocks”

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Authored by John Mauldin via MauldinEconomics.com, “Plans are worthless, but planning is everything.” —US President Dwight D. Eisenhower There are many versions of that Eisenhower quote he learned in the Army. Nixon, who probably heard it from Eisenhower directly, modified it to “… plans are useless, but planning is indispensable.” Both are variations on the theme, “No … Read more

Gov. Newsom pulling National Guard from border to fight “real threats”

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by DCG From SF Gate: Gov. Gavin Newsom will withdraw most of the California National Guard troops who were deployed to the U.S.-Mexico border last year, saying the state needs them to prepare for wildfires and fight drug trafficking rather than bolster President Trump’s response to a “manufactured” immigration crisis. Newsom said he will rescind authorization Monday … Read more

Fund Manager: The Fed Reflates The Stock Bubble As The Economy Crumbles

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by Dave Kranzler of Investment Research Dynamics I get a kick out of these billionaires and centimillionaires, like Kyle Bass yesterday, who appear on financial television to look the viewer in the eye and tell them that economy is booming. Kyle Bass doesn’t expect a mild recession until mid-2020. Hmmm – explain that rationale to the 78%+ households who are living … Read more

Millions Of Angry Americans Will End Up With A Smaller Or Even No Tax Refund Check This Year

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from Zero Hedge When Congress passed the Tax Cuts and Jobs Act (TCJA), a/k/a Trump’s tax code overhaul in early 2017, the big expectation for tax season 2018 – the first tax-filing season under the new tax law – was that virtually all Americans would end up receiving a bigger refund. And yet, as numerous analysts … Read more

Dowd Nails It – Former Trump Attorney Outlines Insufferable Behavior of Mueller and Rosenstein in Perpetrating Political Russia Hoax…

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by sundance ABC conducted an extremely interesting interview with former Trump Attorney John Dowd that the media outlet will likely keep far away from their mainstream broadcast and print reporting. The interview is exceptionally interesting because Dowd outlines how incredibly false all prior reporting has been surrounding the Mueller investigation and the background of the contacts and discussions … Read more

Goldman warns that Apple is too dependent on Google for services revenue, and will need to roll out a ‘Prime’ bundle

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Goldman Sachs estimates Google paid Apple nearly $9.5 billion in traffic acquisition costs (TAC) during calendar year 2018. The fees will continue to make up a large portion of Apple’s services revenue into 2019, the firm said, but will grow at slower rates. Apple could need to make up the difference with a ‘Prime’ bundle. … Read more

$22 Trillion

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by SP The Daily History of the Debt Results Historical returns from 02/01/2019 through 02/11/2019 The data for the total public debt outstanding is published each business day. If there is no debt value for the date(s) you requested, the value for the preceding business day will be displayed. ( Debt Held by the Public vs. Intragovernmental Holdings ) … Read more

Carnegie on Economic Escape Velocity: “Why US Debt Must Continue to Rise”

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via carnegieendowment: MICHAEL PETTIS Debt is rising more quickly in the United States than most people would prefer. This is happening in part because the U.S. current account deficit and the country’s high level of income inequality distort the structure and amount of American savings. any Americans are worried about the seemingly inexorable rise in U.S. … Read more

Married Couples Living with Roommates Has Doubled Since 1995

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via marketwatch: Married couples are making room for roommates. Sometimes, multiple roommates. Just ask Kelsey Riley Dixon. The 29-year-old business owner and her husband, a semi-pro kayaker, share a four-bedroom home with three male roommates “to reduce costs in the very expensive city of Seattle,” she says. “It allows us to have a home in a really expensive city … Read more

$11 Trillion Debt Wave Shows MMT Doesn’t Work

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via mishtalk: Proponents of MMT please note: Your proposal is failing in actual practice. Please consider £11 Trillion Debt Wave as Governments Borrow More Than Ever Before. Governments need to borrow £11 trillion on financial markets this year, breaking the £10.9 trillion record set in the recession-fighting spending spree at the height of the financial crisis. Most … Read more

The Crime Rate Perception Gap

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by Jim Quinn Courtesy of: Visual Capitalist There’s a persistent belief across America that crime is on the rise. Since the late 1980s, Gallup has been polling people on their perception of crime in the United States, and consistently, the majority of respondents indicate that they see crime as becoming more prevalent. As well, a recent poll showed … Read more

It’s been almost 100 years since America’s 1% had this much wealth

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Via Marketwatch A study puts wealth inequality in a historical perspective It’s not fashionable to wear flapper dresses and do the Charleston, but 1920s-style wealth inequality is definitely back in style. New research says America’s ultra-rich haven’t held as much of the country’s wealth since the Jazz Age, those freewheeling times before the country’s finances … Read more

A California School Teacher Speaks

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Sent by P2 Shared on Facebook by a teacher in California who sees firsthand the destruction of America. “Nine hundred teachers just got laid off from the Los Angeles Unified School District. They are $650,000 over their annual budget. The following comments by an English teacher help to explain one area that looms large over … Read more

Snopes gets an F for fact checking.

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by Playaguy Fact check sites have become the prism through which many people see the world. If Snopes or MediaBias tells them it’s ok to think it, they do. This is one of the many examples of fact check sites failing us. In this case- “Snopes spewed propaganda, not real facts,” “Snopes wrote the article without … Read more

Rate Hikes off the Table?

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by Danielle Park It is critical to keep in mind that monetary policy changes impact the real economy at a lag of several quarters.  So the tightening cycle that ran from December 2015 to December 2018 will continue to dampen global demand over the next several quarters, even if central banks tighten no further and move … Read more