Bank of Japan Takes Away Punch Bowl, Balance Sheet Declines

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Was “QQE” just a pretext for bringing the government bond market under control to avoid a Greek-style debt crisis? In June, total assets on the Bank of Japan’s balance sheet dropped by ¥3.79 trillion yen ($34 billion) from May, to ¥537 trillion ($4.87 trillion). It was the third month-over-month drop in seven months, … Read more

TEEN ATTACKED FOR WEARING MAGA HAT

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SAN ANTONIO — Police are investigating after a teen says he was verbally attacked and assaulted at a Whataburger for wearing a Make America Great Again hat. In the video, you can see a man throw a drink in 16-year-old Hunter Richard’s face before leaving the restaurant with his hat. Hunter said some of his hair … Read more

The Gathering Storm

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by Charles Hugh-Smith The gathering storm cannot be dissipated with propaganda and bribes. July 4th is an appropriate day to borrow Winston Churchill’s the gathering storm to describe the existential crisis that will envelope America within the next decade. There is no single cause of the gathering storm; in complex systems, dynamics feed back into one another, and … Read more

MAYBE THIS IS WHY THE FBI IS LESS POPULAR THAN PRESIDENT TRUMP: FBI Taught Agents They Could ‘Bend or Suspend the Law.’

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Trump Approval Jumps As Attacks From Critics Backfire; Trump Now More Popular Than FBI: IBD/TIPP Poll Increasingly bitter and aggressive attacks on President Trump managed to bolster his approval rating, which climbed 5 points to reach the second highest level of his presidency, the latest IBD/TIPP Poll finds. The July poll found that 41% approve … Read more

HOW FACEBOOK IS FACT-CHECKING CONSERVATIVE SITES INTO OBLIVION.

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via pjmedia: Facebook announced last year that they will be using third-party fact-checkers to root out “fake news” on their platform. At the time of the announcement, conservatives sounded the alarm about how some of the fact-checkers they’re using are left-wing hacks like PolitiFact and Snopes (who recently, with straight faces, fact-checked a piece of satire from The … Read more

SUMMER’S HERE AND THE TIME IS RIGHT FOR THE DNC-MSM TO BE DOXXING IN THE STREET.

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Fake News: MSNBC’s Joy Reid Wrongly Urges Twitter Mob to Attack Innocent Grandma. FoxLA.com reported the truth behind the image: A photo taken by the Ventura County Star that’s been making the social media rounds has become twisted as it churns its way through the internet. Activists have been spinning it in different directions. Some have even alerted … Read more

ONE OF THE WAYS YOU CAN TELL THAT LEFTISM IS A RELIGION IS ITS RELIANCE ON SHUNNING APOSTATES

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The Martha’s Vineyard Crowd Strikes Back At Alan Dershowitz For His Defenses Of Trump. But all is not lost: Trump backer Ernie Boch Jr. welcomes Vineyard outcast Alan Dershowitz. Boch, who apparently runs with a different crowd, said he’s chumming with pals on both sides of the partisan divide — and Dershowitz is welcome to hang … Read more

If monopolies are bad, then public schooling is possibly the worst kind of monopoly.

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DISPATCHES FROM THE EDUCATION APOCALYPSE: What if We Treated Public Schools as Monopolies? If monopolies are bad, then public schooling is possibly the worst kind of monopoly. Many of my friends who defend public education are also the political type who are very worried about monopolies. They often point to the damage that companies with large market … Read more

Fund Manager: The Housing Market Bubble That Is Bigger Than 2008 Is Popping

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by Dave Kranzler of Investment Research Dynamics The XHB homebuilder ETF is decisively below three key moving averages after it knifed below its 50 dma last week.  KB Homes reported a big earnings and revenue “beat” on Thursday after the market closed.  The stock soared as much as 9% on Friday.  Per the advice I gave my subscribers … Read more

What’s The Deal With The Brokers?

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by Dana Lyons Battered broker-dealer stocks are testing a potentially key line of support. Entering 2018, one of the hottest – and one of our favorite – industries was the broker-dealer space. That mantle of relative strength was further reinforced by the group’s resilience in the post-January correction. In fact, the group, as measured by the … Read more

Illinois to Assault the Entire Internet – They May End Up With Businesses Refusing to Deal With People in Illinois

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by Martin Armstrong The Supreme Court’s decision to allow every state to tax the internet is complete insanity. Sources in Illinois are warning that the state is bankrupt and it now intends to wage an all-out assault upon the internet. They may, in the end, simply force many small companies to REFUSEto do business with anyone who lives … Read more