MANAFORT BAIL REVOKED BY JUDGE AFTER WITNESS TAMPERING HEARING

🚨🚨 Breaking —>>> *MANAFORT BAIL REVOKED BY JUDGE AFTER WITNESS TAMPERING HEARING *MANAFORT SENT TO JAIL AFTER JUDGE CANCELS HOUSE ARREST#tictocnews pic.twitter.com/M630F6CCu5 — David S. Joachim (@davidjoachim) June 15, 2018 Breaking: A federal court judge has ruled that former Trump Campaign chairman Paul Manafort must go to jail ahead of his trial because he has … Read more

The Final Destruction of Western Europe, Brought to you by Frau Merkel

by Chris Black Germany’s perpetual chancellor, former East German communist apparatchik Angela Merkel, still stands firm in regard to her “open borders” policy. According to her spokesman on Friday, Merkel opposes Bavarian demands to close Germany’s borders, and turn the so-called refugees back, a move demanded by Merkel’s conservative allies. Why, you asked? Merkel claims … Read more

Letter to Seattle convention leaders: “Your homeless problem is f*cking out of control”

The letter described what convention planners saw between their hotel and the Convention Center: “Two men urinating on the street. “One man who defecated on himself. “We witnessed three young addicts sitting outside of a major establishment smoking from a pipe, and one was passed out. “One man aggressively pursued a member of my team … Read more

So… What Will the Fed Do Next?

By Lance Gaitan All signs pointed to a quarter-point rate hike coming from the Federal Reserve’s monetary policy arm, the Federal Open Market Committee (FOMC). That’s exactly what we got after its two-day meeting ended yesterday. The rate hike applies to the overnight federal funds rate that banks pay for borrowing to meet their reserve requirements. … Read more

Seems Impossible, but Argentina’s Peso Was Able to Collapse even Further Despite $50 Billion IMF Bailout

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Why is anyone still lending this government any money? Today the Argentina peso plunged another 5.5% against the US dollar. It now takes ARS 27.7 to buy $1. Over the past 16 years, the peso has gone through waves of collapses. This collapse began on April 20. The central bank of Argentina (BCRA) countered it … Read more

Retirement Is Dead in This Economy

BY PATRICK WATSON The US economy is growing but corporate profits are not, according to data released last week. That’s disappointing for stockholders. On the other hand, we just saw a string of years when profits outpaced economic growth by a mile. So, the two figures can diverge for a long time… but not forever. In the long … Read more

Blackstone Becomes Biggest Hotel & Property Owner in Spain

The PE firm as global landlord. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Private equity firm Blackstone, the undisputed king of property funds, continues to bet big on global real estate. In the last week it raised $9.4 billion for Asian real estate. It was also given the green light to acquire Spain’s biggest real estate investment fund … Read more