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$152,237,500,000: Merchandise Trade Deficit With China Hit Record Through May (CNSNews.com) – The U.S. merchandise trade deficit with China set a record through May, hitting $152,237,500,000 for the first five months of 2018, according to data released Friday by the Census Bureau. From January through May, the Census Bureau reports, the United States exported $52,902,300,000 in … Read more
Trump takes another shot at NATO as he prepares to meet with alliance leaders via chicagotribune: President Donald Trump said Tuesday that an upcoming summit with Russian President Vladimir Putin might be easier than a gathering with NATO allies, as he left the White House for a week of high-profile diplomacy in Europe. In a series … Read more
BY JOHN MAULDIN This week, the Congressional Budget Office released its 2018 Long-Term Budget Outlook. Like everyone, the CBO makes assumptions, so it’s fair to be skeptical of its estimates. In fact, we had all better hope they are too pessimistic because we’re in deep trouble otherwise. Because the CBO thinks federal spending will grow significantly faster … Read more
From the Washington Post: Seventy may be the new 60, and 80 may be the new 70, but 85 is still pretty old to work in America. Yet in some ways, it is the era of the very old worker in America. Overall, 255,000 Americans 85 years old or older were working over the past 12 … Read more
Do you believe that people have financed their lives with maximal debt? Is this sustainable? The financial system is at risk. The regulatory agencies have once again looked the other way. They have stepped aside while mega corporations have ballooned up, far beyond our imagination. All the while, the middle class has been evaporated, erased … Read more
https://www.adl.org/news/press-releases/…earning-to Quote:New York/Berkeley, Calif. February 6, 2018… The Anti-Defamation League’s (ADL) Center for Technology and Society today announced preliminary results from an innovative project that uses artificial intelligence, machine learning, and social science to study what is and what isn’t hate speech online. The project’s goal is to help the tech industry better understand the … Read more
Cover image courtesy of @ConservativeVcs on Twitter By Bob Shanahan African Americans and free thinkers are finally leaving the left in droves. Candace Owens, director of Turning Point USA, has been the victim of vicious liberal attacks because she is a black woman who supports President Trump. On a recent Fox … Read more
by DCG By design, many Americans were “Grubered.” From SF Gate: A $13,000 tax bill was the last thing Bill and Cathy Stapp expected when they signed up for Covered California health insurance in late 2013. The Stapps estimated that their combined income would be less than $63,000 in 2014 — making them eligible under the Affordable Care … Read more
BY JOHN MAULDIN The official, on-the-books federal debt is currently about $21.2 trillion, according to the US National Debt Clock. $21.2T is the face amount of all outstanding Treasury paper, including so-called “internal” debt. This is about 105% of GDP and it’s only the federal government. If you add in state and local debt, that adds another $3.1 trillion … Read more
by Thinker Jason Goodman brings us this jaw-dropping lecture by former CIA Counterintelligence Officer, Kevin Shipp, which I have set to the midpoint, when he begins to talk specifically about this incredible phenomenon that we’ve all been witnessing, of the soft coup by the shadow government and the intelligence agencies against a sitting president of … Read more
Blame Russian bots! Using two websites, created after the 2016 election, one by a group of NeverTrumpers and another by a liberal Hillary Clinton supporter who has an extreme hatred and bias against anything “Russia” related, Arc Digital Media declared the #WalkAway movement was a “deceptive propaganda campaign,” being pushed by Pro-Trump and Russian-linked Twitter … Read more
by Martin Armstrong QUESTION: Mr. Armstrong, I thought you would be wrong on the pound. I will yield to your forecasts. I do not know how you do it forecasting so many things around the world and getting them right no less. Reading between the lines who have written, on the one hand, you have said … Read more
by Dr. Eowyn You may have seen reports of millionaires fleeing California because of tax increases on the wealthy. An example is an article by Steve Straub in The Federalist on July 6, 2018, in which Straub claims a direct cause-and-effect relationship between Prop. 30 and millionaires leaving the state: According to new research released by Charles Varner, associate … Read more
https://www.youtube.com/watch?v=xjwZ3kjfIUk Twitter is cracking down on accounts deemed to be fake and in the months of May and June, the company reportedly deleted some 70 million users from its site. That’s equal to roughly 20% of the site’s monthly tweeters. The move came following pressure from lawmakers on capitol hill who charge that so-called russia-linked … Read more
They said it should become a hurricane today. http://ussanews.com/News1/2018/07/09/dml-tv-tropical-storm-chris-gaining-strength-in-the-atlantic/ h/t Jwnlwplus4
planning to shift all Argentine debt to US dollar-denominations Roit-erz: “Argentina next week will issue dollar-denominated, 210- and 378-day Treasury notes and dual-currency bonds, the Finance Ministry said on Friday, without confirming the amount the sale seeks to raise. The South American nation will auction the instruments between Tuesday and Wednesday, and will provide further … Read more
From Frank Holmes at Frank Talk: Satori is a distributed, decentralized AI “mesh.” That probably doesn’t mean anything to you right now, but Gabe believes it could change the world in a number of ways. In short, Satori aims to aggregate the world’s public information feeds – from Twitter to weather sensors – and distribute them in … Read more
by howmuch We all know it costs money to make money, but is there a direct correlation between income and overall personal wealth? If there is, we would expect to see the relationship in our new visualization comparing accumulated wealth and disposable income at the household level across the OECD. We got our numbers directly from … Read more
The Universal Basic Income program will be tested in impoverished Stockton, California with some heavy backing from nearby wealthy Silicon Valley A $500-a-month stipend will be given to 100 residents for 18-months The money comes with no strings attached with the program aiming to see how raising the income floor will change people’s financial situation … Read more
Leveraged-Loan Risks Are Piling Up Rising interest rates have a peculiar effect. US junk-bond issuance in June plunged 31% from a year ago to just $14.5 billion, the lowest of any June in five years, according to LCD of S&P Global Market Intelligence. During the first half of the year, junk bond issuance dropped 23% from a … Read more