How Sustainable Is Earnings Growth?

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Via Global Macro Monitor, Not very… and we will leave the calculation for the entire stock market to the stock analysts. Here’s why: Just glancing over WalMart’s latest earnings release from the week, we see two one-off macro factors that helped WalMart’s earnings in Q1, and most likely the same for other companies:  Foreign exchange rate effect … Read more

LET THE CHIPS FALL: Did The Obama Administration Spy On Trump Using Flimsy Evidence? Let’s Find Out.

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“After all, if the DOJ is incorruptible, there’s nothing to worry about.” David Harsanyi: I don’t know if there’s a big conspiracy by the deep state. But it’s pretty obvious to me that leaders of our institutions aren’t above engaging in spying. John Brennan spied on the legislative branch and lied about it to the … Read more

HMM: With the individual mandate dead, the rest of Obamacare is unconstitutional.

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With the individual mandate dead, the rest of Obamacare is unconstitutional. In fact, the only basis for the mandate’s constitutionality, according to Roberts, is that it’s a tax — not a fine, penalty, or anything else. This is a vital point, because when Republicans passed their tax reform legislation in December 2017, they included a … Read more

Human race just 0.01% of all life — but has eradicated most other living things

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Humans just 0.01% of all life but have destroyed 83% of wild mammals – study Groundbreaking assessment of all life on Earth reveals humanity’s surprisingly tiny part in it as well as our disproportionate impact Humankind is revealed as simultaneously insignificant and utterly dominant in the grand scheme of life on Earth by a groundbreaking … Read more

$5 GALLON GAS NYC SET TO GO EVEN HIGHER!

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Gas hits $5 a gallon in New York City NEW YORK CITY (FOX5NY) – With the summer travel season fast approaching, gas prices are on the rise but some people are getting sticker shock in Manhattan. Regular gas has hit $5 a gallon at at least one station.  A Mobil station on 11th Ave. in Hell’s … Read more

NATO Peacekeepers? Massive Summer Exercises On Russia’s Baltic Borders Are Pure Provocation

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via strategic-culture: The foreign ministers (FMs) of the Baltic states have wound up their May 16-18 visit to Washington. They asked National Security Adviser John Bolton to reinforce the NATO battalions that have been deployed to their countries with air and naval units. They also want their air-defense capability enhanced. Lithuanian FM Linas Linkevicius emphasized that it’s not … Read more

INSANITY: California Pushes For Bill to Give Health Care to Illegal Aliens; California would become ‘utopia’ for illegal aliens with free healthcare coverage, says OC Supervisor

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Watch the latest video at video.foxbusiness.com California might become the first state in the U.S. to offer health care coverage to illegal immigrants. Orange County Supervisor Michelle Steel told FOX Business that the healthcare bill would flood the state with a wave of undocumented workers from other states and other parts of the world. “It’s … Read more

Freight Costs, Volume, Demand All Surge across Trucking & Rail, Inflation Fears Heat Up

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The Transportation Boom after the Transportation Recession. The Cass Truckload Linehaul Index, which tracks per-mile full-truckload pricing but does not include fuel and fuel surcharges – and therefore is not impacted by surging diesel prices – jumped 8.2% in April compared to a year ago, the largest year-over-year increase in the data going … Read more

Financial Sense Leading Economic Indicator Confirms Decelerating Growth Outlook

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by FS Our Financial Sense leading economic indicator (LEI) peaked in October 2017 and has experienced six months of consecutive declines. It is still in positive territory—meaning the risk of a recession over the next six months is quite low—but weakening, confirming the growth slowdown ECRI’s Lakshman Achuthan warned about earlier this year on FS Insider. (click … Read more

Devin Nunes Declared ‘IT’S OVER’ For the Disgraced FBI

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https://www.youtube.com/watch?v=tqVJSBOaCko The Patriot Beat reports, California Rep. Devin Nunes has been a relentless force for truth throughout this entire Spygate scandal, which is unfolding as the greatest political scandal in the history of the United States. Read More/Source/Credit/FairUse: https://patriotbeat.com/2018/05/20/vi…

You don’t need to have a Facebook account in order to have your data mined by Mark Zuckeberg’s company.

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Facebook collects data, even on non-users, through its mobile app – which comes pre-installed on most Android phones and cannot be uninstalled without root access. “I don’t have, and have never had, a Facebook account,” the guy who tipped the info says. The best bit: Facebook has published instructions on how to disable updates, and … Read more

Israel says it is the first country to use U.S.-made F-35 in combat. Yet another example that Israel is foreign boogeyman pulling the US government’s strings.

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The US has given Israel its latest fighter plane technology allowing Israel to make unprovoked strikes on Middle East countries. I can’t think of a more blatant example of how the US is being manipulated by Israel.   Israel is the first country to have used the U.S.-made F-35 stealth fighter in combat, the Israeli … Read more

Robots can now respond to touch

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Researchers at Cornell University have designed a small robot which can convey emotion through touch.The small bot can get goosebumps to express delight or excitement or send out little spikes when it is scared – mimicking the skin of octopi.The machine, which has rubber skin, was designed as a prototype for future robotic projects.Equipped with … Read more

A Consistent but Slow EURUSD Slide May Turn Into a Euro Cascade

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https://www.youtube.com/watch?v=-Fsnd0zERQI Talking Points: • EURUSD is the benchmark for which we measure the Euro’s performance, but the pair’s slide has deviated from the currency pace • A Euro slide in earnest has started just over the past weeks amid recognition of unrealistic enthusiasm and new risks ahead • Italian bonds and the FTSE MIB tumbled … Read more

The Economic System Is Breaking Down World Wide

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Corporations are looking at the blockchain and they are now building platforms to support it.Paypal says they will be looking at cryptocurrencys in the future, they are waiting for it to stabilize. Square cash is now supporting bitcoin and many others are moving into this area. The switch is happening. New Zealand retails sales take … Read more