“Did You Ask Obama About His Private Meeting With Putin?”, Mike Pompeo SILENCES SEN.

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by Thinker A Senate Foreign Relations Committee hearing got heated Wednesday between the panel’s top Democrat questioned Secretary of State Michael Pompeo on President Trump’s private meeting with Vladimir Putin. Clinton Foundation Uranium One Russian Deal…Americans still waiting for the truth! As anyone can see Senator Mendez is badgering and accuses Pompeo of not want … Read more

Here’s Why “Real” GDP Freaks Me Out Today

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter A tiny cut in the prices-paid index did a $1-trillion job. What the Bureau of Economic Analysis released today as part of its GDP report was a huge pile of revisions and adjustments going back to practically Adam and Eve. It included a tiny adjustment with one heck of a cumulative … Read more

Steve Eisman of ‘Big Short’ Fame Shorts Tesla

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The stock market loves to screw people. The best way to screw the greatest number of people in TSLA is exploding higher in a brutal short-squeeze right before collapsing into bankruptcy. via investopedia: Tesla Inc. (TSLA), the most-bet-against stock in the U.S., has gained another high-profile short seller on fears that the electric vehicle maker will not be … Read more

The Economy Just Went Into Overdrive Or Did It

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Durable goods disappoints, the people were not purchasing the big ticket items. Spending on homes dropped, existing, new home purchases declined at a time in the summer when they are suppose to be doing well. The bubble is popping, traffic is drying up. Trump wins trade war with the EU, the reshaping of the central … Read more

Is Facebook Really in Trouble?

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by Daniel Carter Yesterday, Facebook’s stock plummeted nearly 20% after the company missed earnings. It was the biggest one-day loss in market value of any US-listed company ever. This was truly a frantic and radical repricing. But I can’t say that I’m surprised. The storm clouds have been on the horizon for quite some time. Economist … Read more

Three economics lessons I learned from my dad

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Image by iStock.com/annestahl By Ryan McMaken via Mises Wire: As long as I’ve known him, my father has always been the entrepreneurial type. Even now, in his seventies, he picks up side jobs both to keep busy and to have a little extra spending money. Throughout my childhood and youth, he had always been an independent … Read more

Bears Starting To Throw Some Weight Around

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by Dana Lyons On a equal-weight basis, the recent stock rally looks less impressive. Stock bulls have had a nice run of it over the past 4 months. Despite the normal protestations by perma-bears, there was not a whole lot to complain about during the recent rally, until perhaps this week. As we’ve looked at the … Read more