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BY PATRICK WATSON Those who call economics “the dismal science” are half right. It is definitely not a hard science like physics or chemistry. It has nothing like Isaac Newton’s “laws.” Had Newton been an economist, he might have said gravity applies most of the time, until enough people decide it shouldn’t. Economics is more of … Read more
by Chris Black I know that the trending topic of the day is the upcoming civil war in America, which would be fought presumably by millennials living in their parents’ basements, led by Geriatric Generals “Auntie” Maxine Waters and Nancy “What Year is This” Pelosi, against 4chan meme-creators led by Field-Marshall Alex “They Turned the … Read more
by John Rubino Being huge, consequential and technologically advanced, China isn’t normally lumped into the “emerging” category with Brazil and Argentina. To most observers they’ve already left the kids table and are now seated with the developed-world adults. But that might be premature. A big part of China’s economic ascendance was purchased with borrowed money – … Read more
by Thinker When will the American people get an Attorney General who can put the blindfold on and judge fairly? Trey Gowdy explaining how broken the system is when it comes to mandatory minimum sentences. Who do American really need sitting in the position of U.S. Attorney General? Of course only one man who can … Read more
by Paul Craig Roberts When are America’s global corporations and Wall Street going to sit down with President Trump and explain to him that his trade war is not with China but with them. The biggest chunk of America’s trade deficit with China is the offshored production of America’s global corporations. When the corporations bring … Read more
Don’t mess with the American people AC
BY JOHN MAULDIN Last September, I issued a rather dire Pension Storm Warning. I said that I expect more cities to go bankrupt, as Detroit did. Not because they want to, but because they have no choice. You can’t get blood from a rock, which is what will be left after the top taxpayers move away and … Read more
via Ron Paul: When examining our current fiat currency conundrum, it’s easy to get bogged down in historical “What ifs.” What if we never went off the gold standard? What if the Fed were never created in the first place? What if the federal government wasn’t allowed to treat debt ceilings and government shutdowns with … Read more
I honestly think this percentage is way too low considering that there have been multiple studies that show that more than half of Americans couldn’t even come up with $400-$1000 in the case of an emergency. If that’s the case then I don’t see how the percentage of people that don’t have 3 months worth … Read more
by OnwardKnight I have been talking to a good friend about this idea for a while and he just doesn’t seem to get it and I don’t know why. I really want to help motivate him towards attaining the life he wants for himself and his family. To me, the amount of student loans my … Read more
via Callum Thomas Starting the week off with a long term look at the small end of the market, this chart shows the PE10 Valuation metric (price vs trailing 10 year average earnings) for the S&P600 (small cap stocks) vs the S&P100 (large cap stocks). The chart comes from the latest weekly report where we … Read more
Lie, cheat, and steal is all they know Oklahoma Democrat caught removing congressional opponent’s campaign signs ahead of primary An Oklahoma congressional candidate has apologized after he was caught taking his opponent’s campaign signs from a street corner — just before the state’s primary election. Tom Guild, who bills himself as a progressive Democrat vying … Read more
by stockboardasset Air Force Global Strike Command (AFGSC) authorized Ellsworth Air Force Base (AFB), a United States Air Force base located about 10 miles northeast of Rapid City, South Dakota, to test the AGM-158C Long Range Anti-Ship Missile (LRASM), according to an AFGSC memo released June 12. A Long Range Anti-Ship Missile (LRASM) launches from an Air Force … Read more
by Thinker It would seem that the Attorney General’s office has had quite a history of not wanting to hand over documents to congress or committees when asked. Like Obama had said, “The only people who don’t want to tell the truth, are people with something to hide” To many things in documents that tell … Read more
Why is China reducing their reserve ratios and making it easier for people to get loans? The financial system is not strong. Don’t believe the mainstream media. It has been supported by trillions and trillions of dollars printed and barely having any effect. Without this crutch to the markets, they would fall very rapidly. Over … Read more
via @GinaVSanchez Financial stocks have been a bit of a puzzle. Investors may think that with a central bank on a firm tightening path, industry deregulation efforts in play and high expectations for banks’ growth heading into this year, financial firms would be thriving. But they’re badly lagging the market, and fund flows paint an ugly … Read more
From the New York Post: Get this: The American Library Association, which claims to champion intellectual freedom, is now downgrading a key author of a major piece of Americana and stripping Laura Ingalls Wilder’s name from a children’s literature award named for her. The group decided it will no longer judge her series, “Little House on the … Read more
via ace.mu.nu: One point she alludes to, which she made before: She thinks that Star Wars never appealed to Kathleen Kennedy. Kathleen Kennedy didn’t like the franchise, because it was, indeed, a boys’ adventure franchise. Instead of making a boys’ adventure franchise she didn’t get and didn’t like, she made it into something she couldlike: a girls’ … Read more
The ruling concerned the third version of President Trump’s travel restriction, which was challenged on the grounds that it amounted to a “Muslim ban.” In the 5-4 opinion written by Chief Justice John Roberts, the court finds that Trump’s travel restriction fell “squarely” within the president’s authority. “The [order] is expressly premised on legitimate purposes: … Read more
via Zerohedge: We’ve written quite a bit over the past couple of months about the pending financial crisis in Illinois which will inevitability result in the state’s debt being downgraded to “junk” at some point in the near future (here is our latest from just this morning: “From Horrific To Catastrophic”: Court Ruling Sends Illinois Into … Read more