MAXINE WATERS RANTS: “Damn This President!”

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Mad Maxine is fear mongering again… “Don’t let them divide us” “We’re almost at a constitutional crisis in the United States of America. We’re at a constitutional crisis because we’ve got a president, the likes of which we’ve never seen before. You know, some people think his antics sometimes are funny, sometimes cute, sometimes unusual. … Read more

11,000 homeowners are at risk of losing their properties after being trapped on interest-only mortgages they can not afford to repay

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via Lizz News: 11,000 homeowners are at risk of losing their properties after being trapped on interest-only mortgages they can not afford to repay More than 11,000 families are at risk of losing their homes this year after being trapped on interest-only mortgages they cannot afford to repay. New figures reveal that more than 80,000 interest … Read more

Ollie North new NRA president

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https://youtu.be/kUabp_Y7Os4 Retired Marine Lt. Col. Oliver North, a central figure in the Iran-contra affair in the 1980s, has been named president of the National Rifle Association. The NRA’s board of directors chose North to be the organization’s president Monday morning after NRA President Pete Brownell decided not to seek a second term. “This is the … Read more

Facebook accused of introducing extremists to one another through ‘suggested friends’ feature

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So, FB help radical islamic terrorists connect? Isn’t that a crime? Below this snippet is a link – check out the entire article “Facebook has helped introduce thousands of Islamic State of Iraq and the Levant (Isil) extremists to one another, via its ‘suggested friends’ feature, it can be revealed. The social media giant – … Read more

“THAT BELONGS IN THE GOSSIP SECTION OF TABLOIDS!” SARAH SANDERS DESTROYS REPORTER

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https://www.youtube.com/watch?v=toTy0Vwx_bQ   “THAT BELONGS IN THE GOSSIP SECTION OF TABLOIDS!” SARAH SANDERS DESTROYS REPORTER Today Sarah Huckabee Sanders held nothing back when it came to representing President Trump as his press secretary sarah huckabee sanders gives daily white house press conference and white house press briefing depending on the schedule president donald trump has this … Read more

Despite 1/4 of the workforce qualifying for Public Service Loan Forgiveness, only 139 people have made substantial progress in completing the required payments

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by SpyPirates Just read this article that chronicles one of the first people in the U.S. to have his student loan debt forgiven under the program. The amount of diligence he undertook to ensure he was on the right plan, was making the right type of payments, and that all his payments were being kept … Read more

Nestlé and Starbucks bring together the world’s most iconic coffee brands.

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by jsonee As part of this transaction, Starbucks will receive an up-front cash payment of USD 7.15 billion for a business which generated annual sales of USD 2 billion. The transaction does not include the transfer of any fixed assets, which facilitates a smooth and efficient integration. Nestlé expects this business to contribute positively to … Read more

What Young People Need to Know About Credit

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by visualcapitalist Do you consider yourself to be a trustworthy individual? While it may be true that your family and friends would be willing to vouch for you, the reality is that the rest of the world has no idea of your level of trustworthiness. As a result, banks, car dealers, mobile phone companies, and other … Read more

Here’s When Everyone Should Have Known That Argentina Would Implode

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by John Rubino About a year ago, Argentina – which has inflated away and/or defaulted on its currency every few decades for the past century – issued 100-year government bonds. And the issue was oversubscribed, with yield-crazed developed-world institutions throwing money at the prospect of a lifetime of 7% coupon payments. A media account of the … Read more

As Malls Melt Down, Industrial Properties Heat Up

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter This is the brick & mortar part of e-commerce. Commercial real estate prices peaked in August 2017 at 27% above the crazy peak of the prior bubble, according to the Green Street Commercial Property Price Index (CPPI). By April this year, the index was down 1.4% from the peak and by … Read more

This Is the Reason We Have a Highly Unstable Banking System

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BY PATRICK WATSON Those who support free-market economics say it is the best, most efficient path to maximum prosperity for everyone. In other words, everybody wins in a free market—not equally, but each person at least has the opportunity for a prosperous life. I agree with all that, except the “everybody wins” part. In fact, free markets don’t … Read more

The people claiming the most concern with Russian machinations have contributed the most to the damage.

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I AGREE, BUT I’M NOT OPTIMISTIC: Because we don’t live in a healthy polity. Plus: And the people claiming the most concern with Russian machinations have contributed the most to the damage. Related: How the Russian collusion myth was hatched by Team Hillary immediately after her loss. It’s all in Shattered, a book everyone supposedly read. h/t GR

Fed’s QE Unwind Accelerates Sharply

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter These are getting to be serious amounts. The QE Unwind is ramping up toward cruising speed. The Fed’s balance sheetfor the week ending May 2, released this afternoon, shows a total drop of $104 billion since the beginning of the QE Unwind in October – to the lowest level since June 11, 2014. … Read more

Toronto’s Splendid Housing Bubble Turns to Bust

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Market freezes up at the top. Average price of detached house plunges C$175,000 in 12 months. Home sales in the Greater Toronto Area (GTA), Canada’s largest housing market, and among the most inflated in the world, plunged 32% in April, compared to a year ago, to 7,792 homes, according to the … Read more