Score one for the Second Amendment: Houston homeowner shoots & kills three perps during home invasion

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by DCG Odds were one against four (or five, depending upon which media outlet you read). That’s why you need an equalizer. From KHOU: Three people are dead and one is recovering after a home invasion in east Houston overnight. Police say four men forced their way into a home on Sherman at 71st around 12:45 a.m. Saturday. Detectives … Read more

US Home Sales Get Uglier

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But these are still the good times. Don’t blame the December debacle on the partial government shutdown – it “has not had a significant effect on December closings,” the National Association of Realtors explained in its report this morning. The shutdown started too late in December to have much of an impact. But … Read more

IF IT MOVES, TAX IT. IF IT KEEPS MOVING, TAX IT SOME MORE. IF IT STOPS MOVING, COLLECT A DEATH TAX. The EU Is Preparing To Tax The Internet Out Of Existence.

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via hotair: Well, it’s not exactly a “tax” per se, but more like a series of fees being paid between content providers and aggregators. The EU has been working on a new copyright law since last summer which is now in the final stages of consideration in the EU Parliament. On the surface, it sounds fairly … Read more

Oil Prices Plunge On Fears Of Global Economic Slowdown

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By Tsvetana Paraskova Oil prices plunged by more than 3 percent on Tuesday morning as rekindled fears of global economic growth slowdown put an abrupt pause to the oil price rally in recent days. At 11:20 EST on Tuesday, WTI Crude was plunging 3.5 percent at $52.15, while Brent Crudewas plummeting 3.12 percent at $60.78. On Monday, oil … Read more

BUZZFEED MEETS BUZZSAW: Reagan veteran Daniel Oliver on the “real significance” of the Special Counsel’s correction of the now-infamous story about Trump telling Cohen to lie.

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via dailycaller: “Getting Donald Trump,” the movie, has seemed endless. On Thursday, BuzzFeed, a more-than-slightly-disreputable news outlet that first published the now-infamous Steele dossier implicating President Trump in serious misbehavior, appeared on the screen with a story claiming that Trump ordered his lawyer, Michael Cohen, to lie to Congress about his hotel business operation in Moscow. … Read more

The Generation that Will Save the World

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via Jeff Thomas Eighty-four percent of millennials admit that they don’t know how to change a lightbulb. When asked what they do if one goes out, most either said that they call the landlord to fix it, or just accept having less light in future. Readers of this publication will be savvy enough to know that … Read more

WALTER RUSSELL MEAD: Charles de Gaulle Saw Brexit Coming: He said U.K. membership would weaken the EU and divide Britain.

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via WSJ: Britain’s problem with the EU goes back decades. From the 1957 Treaty of Rome to the present day, Europe has been both the opportunity Britain cannot embrace and the problem Britain cannot solve. In the 1950s, Britain stood aloof from the increasingly integrated Continent as it clung to the remnants of its empire. … Read more

Fundamentally Speaking: 2019 Estimates Are Still Too High

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by Lance Roberts  ” So far in fourth quarter reporting season, with 11 percent of the results reported for the S&P 500, three-quarters of companies have actually surprised Wall Street’s forecasters. Earnings are shaping up to be better than people expected.” – CNBC While it is a correct statement, it is also shows the problem with the “earnings … Read more

Arizona Legislator Proposes Securing State Reserves with Gold and Silver

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by moneymetals Phoenix, Arizona (January 22, 2019) – An Arizona legislator has put forward a bill to de-risk the state’s financial holdings with a modest allocation to physical gold and silver in the state’s reserve fund. Introduced by Representative Mark Finchem (R-Tucson), the Arizona Sound Money Stabilization Act (HB 2500) requires that at least 10% of Arizona’s Budget Stabilization … Read more

Inside The Red Ponzi: Why The Golden Era Of Shanghai Is Over

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via caixinglobal: Business is usually booming for Wu Xia in the lead-up to Lunar New Year, China’s most important national holiday. While her neighborhood shop sells everything from teapots to toothbrushes, the traditional lanterns, red envelopes and other decorations popular in Chinese households during the week-long festival make up a big part of her annual sales. … Read more

There’s Been Yet Another #FedFake

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by Jesse Colombo The S&P 500 rose 1.32% on Friday, causing it to close above the 2,550 to 2,650 zone that I was watching for the past couple months. I was watching the 2,550 to 2,650 zone because it was an important support and resistance that formed at the early-2018 lows. In mid-December, the S&P … Read more

2018 vs 2007-2009

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By David Stockman Korean Export Canary Plunges Into The Drink—Down 14.6% In January To Date South Korean exports, a data set often held up as a bellwether for the health of the global economy, fell off a cliff in January, pointing to a troubling slowdown in global trade.Exports from the east Asian nation dropped 14.6% … Read more

Government shutdown exposes a harsh truth: Most Americans are unprepared for the next recession

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via Sven Henrich: The government shutdown, the longest in history, comes with a hidden revelation: Millions of Americans are financially unprepared for the next economic downturn. Worse, they are highly vulnerable, with few protections available to them. Ten years after the financial crisis, the economic recovery has left millions behind with little to no savings, and … Read more

States with the highest & lowest property taxes

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by Dr. Eowyn Property taxes are the single largest revenue source for local governments, used to fund fire and police departments, schools, and road maintenance, including snow removal, cleaning, and repair. In 2015, the average U.S. property taxes per person was $1,518. Since property taxes are ratified, collected, and spent almost entirely at the municipal … Read more

GOOD, BAD & UGLY: How the Media Covered False Smear of Covington Kids. Narrator voice: So Far, Mostly Ugly.

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via newsbusters: Before all the facts were known, the media ran with a story accusing pro-life activists from Covington Catholic High School of racism during an altercation with left-wing demonstrators at the Lincoln Memorial after the March for Life on Friday. That false narrative began to fall apart almost immediately, once additional video surfaced proving how … Read more

Europe Has No Control Over Its Future. Period.

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BY JOHN MAULDIN Whenever we talk about the European economy, Germany drives the discussion. Yes, the UK and France are big, but Germany is the giant. If Germany sneezes, the rest of the continent catches cold. And it is sneezing hard right now. Germany’s Economic Woes The latest GDP forecasts peg German growth at 1.5% for 2019. … Read more