Washington doesn’t have a revenue problem; it has a spending problem.

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GOOD TIMES: What’s behind the government’s record income tax collection. According to the Treasury Department’s monthly statement, our government collected a record $1.305 trillion in individual income taxes through the first nine months of fiscal 2018. The figure, which goes up to June, is rising because more people are working and paying taxes. It may also … Read more

FILIBUSTER-PROOF: Liberals Send Female Senate Democrats ‘Pee-Proof’ Underwear to Oppose Trump’s SCOTUS Pick.

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via freebeacon:   THINX and Icon, the companies behind the “period sex blanket” and absorbent underwear for bladder leaks, sent “endurance packages” to senators Elizabeth Warren (D., Mass.) and Kirsten Gillibrand (D., N.Y.). “THINX and Icon create underwear that champion and support bodies throughout different stages of life,” according to a press release sent by Unbendable … Read more

RYAN BOUNDS WITHDREW HIS NOMINATION TO THE 9TH CIRCUIT THIS AFTERNOON OVER SOME COLLEGE WRITINGS:

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via thehill: In one writing, Bounds questioned the strategies used by “more strident racial factions of the student body.” “I am mystified because these tactics seem always to contribute more to restricting consciousness, aggrivating intolerance and pigeonholing cultural identities than many a Nazi bookburning,” he wrote. In another article he compared diversity training to a ” … Read more

Tucker: The main reason Trump’s Russia critics hate him

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Tucker Carlson: Think about what they’re saying, if you don’t automatically accept the imprecise, non-specific, never fully-explained findings of shadowy intelligence agencies with long documented track records of making serious mistakes, you’ve somehow betrayed your country. Tucker: Trump’s critics hate the idea of rethinking or correcting any of the countless blunders they’ve made over the … Read more

AMAZON CLOSES IN ON APPLE’S TOP SPOT… Antitrust Push Slowly Gains Ground

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Amazon Closes in on Apple’s Top Spot Amazon.com Inc. is making another run at the title of world’s most valuable company. The e-commerce giant ended Wednesday’s trading session with a market value of $894 billion, according to the WSJ Market Data Group. That puts the Seattle-based company just $42 billion shy of Apple Inc.’s world-topping … Read more

TESLA Cancellations Outpace Purchases

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Cancellations for Model 3 orders have picked up in recent weeks. Refunds now outpace deposits for Tesla’s new mass-market electric car, according to Needham & Co. analyst Rajvindra Gill. Tesla disputes that. In an analyst note delivered to clients Thursday, Gill cited extended wait times for the car, the expiration of a $7,500 tax credit, and … Read more

How to Achieve 10x Returns On Your Investment

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by Jeff Clark, Senior Precious Metals Analyst, GoldSilver   The Coming Super-Bubble in Gold & Silver There are numerous catalysts both inside and outside the market for precious metals that could push the prices of gold and silver much, much higher. The greater the economic upheaval, the greater the potential for gold and silver to explode, … Read more

Revenge of the Corporate Zombies: 15% of Largest US Companies Are Walking Dead

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by goldsilver The S&P 1,500 is a very broad index. In fact, its constituent companies represent over 90% of the entire market cap of all US stocks. And, a frighteningly increasing number of them are the walking dead. By design, the companies that index does not include are the smallest, riskiest, most-likely-to-fail public companies. So you’d think the … Read more

Americans Age 18-37, on Average, Aim to Retire at 61; Most in Debt and Have $0 Saved

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Hope springs eternal for Millennials, who despite having an average of $22,000+ in student debt and no savings, plan to retire early. Here are signs that you are on track for early retirement from CNBC. via cnbc: Millennials may have only a little saved for retirement, but they still want to retire early. A recent Bankrate.com survey asked … Read more

Coming soon: a world of pervasive NIRP and QE by all central banks as they do everything in their power to prevent the zombie system, which now only exists thanks to incremental debt, from collapsing.

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“All cost of capital globally, eventually, will have to go negative and the reason is very simple: it’s the degree of leverage and financialization that we have globally. Pretty much every country now needs 3 to 4 dollars of debt for every incremental dollar of GDP that they generate“, which in turn is a function of the … Read more

White House latest budget projections call for a 2019 Federal budget deficit over $1 trillion.

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by warrenfgerald Economic growth is not turning out to be as robust as originally estimated so 2019 appears to be primed for a massive federal budget shortfall. This is concerning for several reasons…. 1) We are currently in an economic expansion. This is the time for fiscal restraint to have a rainy day fund set aside … Read more

Famous Last Words

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BUBBLES AND NOT BUBBLES Chart via @Silver_Watchdog WoW–> “Shiller P/E based on NIPA profits. Stocks are a bargain,” h/t @GS_CapSF “Distorted US yield curve still a warning sign for the economy,” h/t @CapEconMarkets $SPX $NFLX Search Phrase “inverted yield curve” highest since right before the 2008 Crash — no wonder WH & Fed are freaking … Read more

When you fear losing money, you panic sell. When you fear missing out, you chase trends too late. – Missing out on 40% and locking in gains? Or Lose 50-70% and then need 100-233% to BREAK EVEN, years later?

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MATH LESSON #investing Be early and miss 30% gain? Or Be late and lose 50-70% of entire portfolio. Missing out on 40% and locking in gains? Or Lose 50-70% and then need 100-233% to BREAK EVEN, years later? I love these guys that tweet at me that “we’re at all time highs” in the #StockMarket … Read more