Hong Kong Warns: Its Housing Bubble is a “Dangerous Situation”

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The HK financial system is “very strong” and “can withstand an adjustment in the property market.” The Hong Kong dollar is pegged to the US dollar. Hong Kong’s monetary policy is follows the Fed’s monetary policy. The Fed has embarked on a tightening cycle, raising rates four times so far. The … Read more

The John Mccain Institute For International Leadership Receives Funding From George Soros

by Geoffrey Grider ARIZONA REPUBLICAN SEN. JOHN MCCAIN IN 2012 TURNED OVER NEARLY $9 MILLION IN UNSPENT FUNDS FROM HIS FAILED 2008 PRESIDENTIAL CAMPAIGN TO A NEW FOUNDATION BEARING HIS NAME, THE MCCAIN INSTITUTE FOR INTERNATIONAL LEADERSHIP. EDITOR’S NOTE: Donald Trump promised to ‘drain the swamp’ when he was elected. RINO Sen. John McCain is … Read more

‘When I say cut taxes, I don’t mean fiddle with the code. I mean abolish the income tax and the IRS, and replace them with nothing’

By Michael Snyder The quote in the headline comes from Ron Paul, and it should be the goal of every conservative lawmaker in the entire country.  When professional politicians tell you that they are in favor of reforming the tax code or reducing taxes a little bit, essentially what they are telling you is that … Read more

The Stock Market Is Building To The Most Extreme Top In History, Massive Shorts Against Vol Indexes Right Now, Extreme Volatility In The Not To Distant Future

by SpontaneousDisorder   https://www.ft.com/content/721399c6-51d5-11e7-a1f2-db19572361bb How I learnt to stop worrying and love Big Tech If Alphabet’s valuation is a bubble, the word has lost all meaning, says Miles Johnson Lots of people are worrying about Big Tech. The so-called FAAMG stocks (Facebook, Apple, Amazon, Microsoft and Google) have surged in value this year, prompting bank … Read more

MSM’s Assault on Trump and His Supporters Continues as Political Violence Accelerates

by Robert Carbery The mainstream media’s assault on the Trump administration and its voters continues. The heated rhetoric has contributed to the rising instances of political violence from the shooting of Rep. Steve Scalise to the refusal of service of those wearing Trump-related attire. Violence from the left has been the dominant theme during the … Read more

Shot Down in Syria: The U.S. Attacking Assad’s Forces in the Skies and “Fighting” ISIS on the Ground

by Robert Carbery The situation in Syria will only continue to deteriorate if the United States continues its irresponsible attacks on forces that are fighting the Islamic State (ISIS). President Trump’s foreign policy has been anything but inspiring during his first six months on the job. Instead of moving to mending relations with Russia, the … Read more

The number of stores closing during this developing retail apocalypse is jaw-dropping – 23,000 for 2017 & 2018. Bankruptcies exceed the Financial Crisis.

by David Haggith You may not see it yet, but the scale of the retail apocalypse is so massive that it is about to engulf the US economy. As when a flood tide has crept around you on all sides while you were standing on a high spot out on the flats, not paying attention, you … Read more

Brexit Negotiations Finally Begin – But Will the “Two-Year Parliament” Destroy the Whole Process

by Mark Angelides It has taken almost exactly one year from when the British people voted to leave the European Union to start the negotiations which began today. During the June 8th election, more than 80% of the voting public voted for parties that said “we will leave the European Union and the Single Market”, … Read more

Finsbury Park – Terrorism?

by Mark Angelides At a Mosque in Finsbury Park, a man driving a van has ran over several people as they came walking out onto the pavement. The suspect has already been arrested and so far there appear to be no deaths (although victims are undergoing hospital treatment). In light of the recent terror attacks … Read more

The Worst Financial Nightmare In Illinois History Erupts As State Comptroller Declares ‘We Are In Massive Crisis Mode’

By Michael Snyder Margaret Thatcher once said that the big problem with socialist governments is that “they always run out of other people’s money”, and unfortunately we are witnessing this play out in a major way in the state of Illinois right now.  At this point, the Illinois state government has more than 15 billion … Read more

Trump Attorney Jay Sekulow: The President Is Not And Has Not Been Under Investigation For Obstruction

“Let me be clear here,” said Jay Sekulow, a member of the president’s legal team, on NBC’s “Meet The Press.” “The president is not and has not been under investigation for obstruction.” http://thehill.com/homenews/administration/338318-trump-attorney-theres-no-investigation-of-the-president-period Jake Tapper is an imbecile. (Sekulow didn’t say this part but I’m sure he wanted to)   Trump Attorney: President IS NOT … Read more

JUDGE JEANINE: Opening Statement Slams the GOP for Sabotaging the President!

My #OpeningStatement – take a look: pic.twitter.com/xZOfK6Lxlt — Jeanine Pirro (@JudgeJeanine) June 18, 2017 They are wasting the best chance they’ll ever have with a majority to pass all the legislation they want and make sweeping changes in the country. Instead, they’d rather go right along with being lazy, corrupt turds only interested in themselves. … Read more

Gunman Shot Steve Scalise With Is List of GOP Congressmen's Names to Kill. This Was Premeditated Political Violence. The People On The List Are Against Human Trafficking.

James T. Hodgkinson, the shooter who opened fire on dozens of Republican congressmen and staffers at a baseball practice in Alexandria, Virginia, on Wednesday, had a list of Republican names in his pocket that was recovered by the FBI, The Daily Caller has learned. The news that the shooter had a list of names suggests the … Read more

Left Is Invoking The Civil War In America, We Are Witnessing A Soft Coup In Which Votes Don't Matter.

Huckabee: Left Wing Violence is a Threat to America’s Way of Life https://www.youtube.com/watch?v=ahZ0MfmBqL4 I agree with Huckabee, and have seen the democratic party spiral into the mist’s of madness. The Clinton failure has left them disorganized and the radical elements are gathering up the strings of power with the assistance of the patronage media to … Read more

Commercial And Residential Real Estate Bubbles Choke The Economy. The Upper Bounds Of Hype And Craziness Have Been Reached.

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The San Francisco Bay Area has seen an astounding jobs boom since the Great Recession. The tsunami of global liquidity that washed over it after the Great Recession, central-bank QE and zero-interest-rate policies that sent investors chasing blindly after risk, a blistering no-holds-barred startup bubble with the craziest valuations, one of … Read more