ANALYSIS: TRUE. California’s mismanaged high-speed rail project has gone on for long enough.

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via city-journal.org: The CHSRA has also wasted large sums of money through poor management. Tillier has detailed how the Authority plans to spend billions to outfit Bay Area stations with unnecessary tunnels and viaducts, rather than making elementary improvements to operations. A state audit has shown that the CHSRA knowingly incurred massive additional cost risks by … Read more

Dems have hard time connecting to voters because they know so much; according to Dems

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Democratic Senator Mazie Hirono says Democrats have a hard time "connecting" with voters because of how "smart" they are and because they "know so much."pic.twitter.com/S7Hwr2whnP — Ryan Saavedra (@RyanSaavedra) December 4, 2018 “But we have a really hard time doing that and one of the reasons– it was told to me at one of our … Read more

TRUMP IS BRACING For All Out War Against Mueller

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… The best part: “I will hit them so hard, they’ve never seen a hit like that,” he said, referring to his power to release secret documents, some of which, he hinted, will be deeply embarrassing to Barack Obama’s administration. “If they want to play tough, I will do it,” he said. “And they will … Read more

Somebody Pressed The Panic Button On Wall Street – Bank Stocks And Tech Stocks Crash As The Yield Curve Inverts

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by Michael Snyder Stocks aren’t supposed to crash in December.  Most of the time we see a nice “Santa Claus rally” to close out the year, and so what happened on Tuesday is definitely extremely unusual.  The Dow Jones Industrial Average fell 799 points, which was the fourth largest single day point decline in stock … Read more

The View from the Trenches of the Alternative Media

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by Charles Hugh-Smith What’s scarce in a world awash in free content and nearly infinite entertainment content? After 3,701 posts (from May 2005 to the present), here are my observations of the Alternative Media from the muddy trenches. It’s increasingly difficult to make a living creating content outside the corporate matrix. The share of advert revenues … Read more

Why California’s Housing Market is in for Serious Trouble

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Homebuilder Toll Brothers just said it out loud. High-end homebuilder Toll Brothers, when it announced earnings this morning, made some peculiar comments. Not so peculiar was the plunge in new orders in its fourth quarter, ended October 31: New orders dropped 13.3% from a year ago to 1,715 units. In California, Toll Brothers’ … Read more

The Myth Of American Capitalism Exposed: Competition Is Dying As The Biggest Corporations Gobble Up Everything

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by Michael Snyder Vibrant competition is absolutely essential in order for a capitalist economic system to function effectively.  Unfortunately, in the United States today we are witnessing the death of competition in industry after industry as the biggest corporations increasingly gobble up all of their competitors.  John D. Rockefeller famously once said that “competition is … Read more

Robert Swan Muller in a bind.

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by Deplorable Patriot The people in the photo below are Ethel and Julius Rosenberg in 1951.   Ethel ‘s age was 37 , Julius 35. Executed June 19, 1953 .  They were charged  Conspiracy to commit espionage. Julius and Ethel Rosenberg were American citizens who spied, with others, for the Soviet Union and were tried, convicted, and executed by the federal government of the United States. They provided … Read more

The CIA & Deep State are witholding information from Congress concering Saudi Arabia

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SenatorRandPaul, Released on 12/4/18 Dr. Rand Paul is the junior United States Senator for Kentucky. Elected in 2010, he has proven to be an outspoken champion for constitutional liberties and fiscal responsibility, and a warrior against government overreach. A graduate of Duke University School of Medicine, Rand was a practicing ophthalmologist in Bowling Green, Ky., … Read more

Stock market crashed while the yield curve inverted. What’s next for stocks

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by Troy The stock market tanked -3% today as the yield curve started to invert. Let’s determine the stock market’s most probable direction by objectively quantifying technical analysis. For reference, here’s the random probability of the U.S. stock market going up on any given day, week, or month. *Probability ≠ certainty. Past performance ≠ future performance. But if you … Read more

Tariffs, Congress

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by WARREN MOSLER Imports are real benefits, exports real costs. Seems everyone of consequence has it backwards? A collapse in global trade can make 2008 look tame:

Rand Paul Claims The Deep State Is Trying To Run Congress

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Via The Daily Caller Republican Sen. Rand Paul of Kentucky said the deep state is exerting power over Congress and keeping information from him regarding the murder of Saudi journalist Jamal Khashoggi. Paul was discussing the highly anticipated Senate testimony of CIA Director Gina Haspel on “America’s Newsroom” Tuesday and said he and other lawmakers are being kept … Read more

Digital-media bubble bursting? Cash turns King

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With the tragic demise of local newspapers, places like Mic have become the entry point into the craft for a lot of young journalists. What’s more, their newsrooms have been admirably diverse, a diversity that their journalism has admirably reflected. As they go under, such entry points disappear. And the journalists who have been through … Read more

Credit Problem Developing in US… Gundlach: Yield Curve Inversion Means Economy Is About to Weaken

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CDXIG5Y led this $VIX explosion – please be careful there is a credit problem developing in US pic.twitter.com/PfrPIUs7EO — Alastair (@StockBoardAsset) December 4, 2018 JPMORGAN'S DIMON SAYS SHARE BUYBACKS SHOULD NOT BE DONE WHEN STOCK IS EXPENSIVE now he tells us — zerohedge (@zerohedge) December 4, 2018 BofA's favorite chart implies VIX 40 pic.twitter.com/kerIqE0kuQ — … Read more