Billionaire Druckenmiller: “Can we try capitalism? Real capitalism. Give it a chance”

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by Simon Black Over the weekend I came across a recent speech given by hedge fund billionaire Stanley Druckenmiller that really lays out the pitiful state of free markets around the world. Druckenmiller gave the speech a few months ago upon receiving the 2018 Alexander Hamilton award– which is given to a figure that best carries … Read more

RAND PAUL BRINGS THE SMACK

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RAND PAUL BRINGS THE SMACK: “”John Brennan started out his adulthood by voting for the communist party presidential candidate. He is now ending his career by showing himself to be the most biased, bigoted, over the top, hyperbolic, and unhinged Director of the CIA we have ever had.” https://twitter.com/PoliticalShort/status/1019595654757257216 And he’s right. Brennan, Comey and Clapper … Read more

Tech Alert – Massively extended charts with extreme market cap appreciations concentrated in a handful of stocks. Are investors concerned?

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by northmantrader The $NDX keeps moving from new highs to new highs driven by a narrow group of stocks. Nothing new about that as this trend has been ongoing for some time and headlines of new record prices for such stocks such as $FB, $AMZN, $GOOGL, $MSFT are now a daily occurrence. The untouchables. Jeff Bezos … Read more

Deep State Turns on Trump

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by Bill Bonner YOUGHAL, IRELAND – We left off yesterday with a provocative question: Has Trump really gone to war with the Deep State? Or was he just mouthing off in Helsinki… off message… and out of control? There are a couple more hypotheses, too… but we’ll get to them in a moment. Off the Reservation Even some … Read more

Police Union President Laments That Portland Has Become A “Cesspool” As West Coast Cities Struggle With An Unprecedented Surge In Homelessness

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by Michael Snyder  Even though it has always been kind of crazy, at one time Portland, Oregon was quite an attractive place to live, but now those days are long gone.  Today, the city streets are strewn with garbage, drug paraphernalia and human feces.  Mentally ill homeless people and drug addicts wander about like zombies, and … Read more

Thomas Frank: The Catechism of Tech, Bank, and Globe, Which Is Nothing But an Excuse For an Out-of-Touch Elite

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by Jesse “Back in 1941, Franklin Roosevelt set down his understanding of American political history, in which there were two schools of political belief. ‘The liberal party believed in the wisdom and efficacy of the will of the great majority of the people, as distinguished from the judgement of a small minority of either education … Read more

Deficit Projected to Top $1 Trillion Starting Next Year… Food-Stamp Use Still at Recession-Era Levels Despite Job Gains

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Deficit Projected to Top $1 Trillion Starting Next Year WASHINGTON—The Trump administration expects annual budget deficits to rise nearly $100 billion more than previously forecast in each of the next three years, pushing the federal deficit above $1 trillion starting next year. The revisions, which went largely unnoticed when the White House submitted its annual … Read more

Economic Seesaw: Inflation Up, Spending Down

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By Lance Gaitan Is the global trade war heating up, or has President Trump positioned America to make itself great again? Despite his bluster and penchant for causing angst among enemies and allies alike, Trump’s tactics seem to be working. China seems ready to negotiate on trade, while Europe seems to have conceded on increasing military spending to support … Read more

Do You Have Too Much Stock Exposure?

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by John Coumarianos If you’re retiree trying to use your saved capital to generate income, you’re basically trying to construct a pension for yourself. And that means you should think about how Jeremy Gold understood pensions. Gold, who died recently (here are his obituaries in in the New York Times and the Wall Street Journal), made the first … Read more

Why should we trust US Intelligence now?

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by obdm Why are people trusting the US Intelligence Agencies now? What is going on behinds the scenes at major media outlets, social media sites and Intelligence agencies that would prompt them to push the current narratives so hard … Considering how the entire country was lied into war, why should we be trusting US … Read more

BREAKING: California Supreme Court blocks measure proposing to divide the state in three from appearing on November ballot

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SACRAMENTO, Calif. — The California Supreme Court has blocked a measure that would divide the state in three from appearing on the November ballot. The court’s ruling states that because there are questions about the proposition’s validity, the potential harm of putting it on the ballot now outweighs concerns about delaying the vote until a future election … Read more

BIG GOVERNMENT PROGRAM FAILS. GO FIGURE.

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Large randomized trial finds state pre-k program has adverse effects on academic achievement. Highlights: This report discusses new findings from a well-conducted randomized controlled trial (RCT) of Tennessee’s voluntary prekindergarten program for low-income children. This study is the first large RCT of a state-funded pre-k program and one of only two such studies ever conducted … Read more

Are the gold bears getting tired?

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From Kitco: According to some analysts, there is further evidence that gold’s selling momentum is running out of steam as the latest trade data from the Commodity Futures Trading Commission showed little change in bearish gold sentiment. The CFTC’s disaggregated Commitments of Traders report for the week ending July 3 showed money managers increased their speculative gross long … Read more

Airbnb Goes Full Peter Thiel: Finances Host’s Lawsuit Against NYC

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by stockboardasset Airbnb Inc. has taken a page straight from the Peter Thiel playbook of litigation funding. Thiel, an American billionaire, secretly funded Hulk Hogan’s privacy case against now-defunct Gawker Media. Investors placing bets on lawsuits have long operated under a veil of secrecy. As litigation funding becomes more well known in the United States, it … Read more

Out Of The Closet: James Comey Begins Campaigning For Progressives Tells ‘All Who Care’ To Vote Democrat In November

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by Geoffrey Grider “All who believe in this country’s values must vote for Democrats this fall. History has its eyes on us,” Comey concluded. Former head of the FBI James Comey, a self-declared ‘longtime Republican’, did us a favor today, he showed us definitively what side of the fence he’s on. Comey took to Twitter and … Read more