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via abc.net.au: It’s been a few weeks since Donald Trump fired the opening salvo in a trade war with China, slapping tariffs on a range of Chinese-made goods. Beijing retaliated with tariffs of its own — and since then, the rhetoric on both sides has been unrepentant. Much of the focus has been on nervous financial … Read more
via confoundedinterest: Rising interest rates have led to the lowest level of mortgage refinancing applications since December 2000. And compared to the “Go Go” days of the housing bubble, mortgage purchase applications are back to 1997 levels and growing at a tepid rate (by comparison). Even rising home prices aren’t thwarting mortgage purchase lending. But at … Read more
via thedrive: What if we told you there’s a land where premium gasoline flows like water, where a single U.S. dollar could net you nearly 925,000 gallons of the good stuff? This is no fairy tale—this is the reality on the ground in Venezuela, and it’s more like a nightmare as the country continues to grapple with … Read more
via splinternews: This piece is co-published with investigative reporting outlet Capital & Main. Do “financial services” include banking? Not according to the Trump administration, whose new rule, issued Wednesday by the Treasury Department, argues there is a difference — and then cites the alleged difference as a means of extending lucrative tax breaks to the banking industry. … Read more
Authored by Sue Chang via MarketWatch.com, A lot has changed since the stock market crash of 2000. Apple Inc. has gone from being just another computer brand to becoming the most valuable company in the world, Amazon.com Inc. went from being an e-book retailer to a byword for online shopping and Tesla’s Elon Musk has … Read more
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The biggest proof that no evidence against Trump exists is the fact the media hasn’t leaked it. Zero chance in hell Mueller has a shred of anything related to Trump. h/t jcfac
“The people will not be deceived. There are rural whites who have been dismissed by the Democratic party as deplorable and urban blacks who have been dismissed as disposable.” -John James
It’s ok to SILENCE and BEAT conservatives While believing that they’re the “good guys”…pretty deluded i say… Democrats think the internet should be free and open…. unless you disagree with them. h/t FuzzieMuff
via Keiser Report In this Summer Solution episode of the Keiser Report, Max and Stacy contrast the situation with China, a perhaps emerging superpower, to the United States, a possibly declining superpower. As the US grew powerful as an empire of debt, extracting resources and equity from economies colonized by their debt rather than their … Read more
via George Magnus A Sino-American trade war could trigger a currency shock in Asian markets When the Asian financial crisis occurred 20 years ago, many nations in East and Southeast Asia succumbed because they were following inconsistent domestic and international economic and financial policies. But one trigger was the 50% fall in the Japanese yen against … Read more
by stockboardasset A mysterious economic development project proposed for a commercial site outside Atlanta, which has been rumored to be tied with Amazon, has taken another step forward towards reality Tuesday night. The Atlanta Journal-Constitution reports Gwinnett County planning commissioners unanimously voted to recommend approval of the special-use permit necessary for the code-named “Project Rocket,” a massive (and … Read more
via @stephlandsman The bulls may be treading water. According to Ned Davis Research’s Ed Clissold, there’s a high probability a record year-end rally will give way to a painful 2019. “You could be looking at the first 20 percent-plus decline in the S&P since the financial crisis,” the firm’s chief U.S. strategist said Tuesday on CNBC’s … Read more
via @chlobo_ilo Die-hard fans may love Elon Musk’s freewheeling ways, but when it comes to running a public company, his behavior just isn’t appropriate, corporate governance expert Betsy Atkins told CNBC on Wednesday. Atkins said Musk already behaves like he’s the CEO of a private company, and the board, which also “behaves a lot more like … Read more
via wgrz: BUFFALO, NY– Congressman Chris Collins is facing insider trading charges and was arrested by the FBI Wednesday morning. He is also accused of lying to FBI. Collins, along with his son Cameron Collins and Stephen Zarsky, the father of Cameron Collin’s fiancee, are being processed by the FBI in Manhattan. An ethics investigation was … Read more
Trump legal team plans to respond today to special counsel Robert Mueller about possible interview with Pres. Trump, Rudy Giuliani tells @ABC News — John Santucci (@Santucci) August 8, 2018 Another source: Washington (CNN)Rudy Giuliani said Wednesday that President Donald Trump’s legal team has responded to the special counsel, the latest effort in ongoing negotiations … Read more
From Associated Press: “Court documents say man arrested at New Mexico compound was training children to commit school shootings.” BREAKING: Court documents say man arrested at New Mexico compound was training children to commit school shootings. — The Associated Press (@AP) August 8, 2018 The father of a missing 3-year-old who was arrested at a … Read more
by Martin Armstrong Charles Dickens wrote about how corrupt the courts were out of control in Bleak House published back in 1859. He began in his first chapter on Chancery: “This is the Court of Chancery, which has its decaying houses and its blighted lands in every shire, which has its worn-out lunatic in … Read more
by John W. Whitehead “Whoever would overthrow the liberty of a nation must begin by subduing the freeness of speech.” ― Benjamin Franklin What a mess. As America has become ever more polarized, and those polarized factions have become more militant and less inclined to listen to—or even allow for the existence of—other viewpoints, we are … Read more
by Yojimbo, TBP https://youtu.be/bSBVTeYZHLk This is a brilliant short summary to the problem by RamzPaul. Even though Infowars did not play identity politics and distanced themselves from the Alt-Right, they were shut down because they supported Trump on a well-known platform. This means absolutely anyone to the right of them could be shut down as well … Read more