Construction spending, Private credit growth, Turkey

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by WARREN MOSLER Worse than expected, weak, and decelerating: Highlights Construction spending has been soft, inching only 0.1 percent higher in February after posting no change in January but there are definitely signs of strength in the details. The most important gains are being posted for new single-family homes, up 0.9 percent for a second straight … Read more

Mexico Stops The Migrant Caravan BUT Organization – In Control – Makes Demands Of United States.

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by Ruby Henley President Trump has been successful in communicating with Mexico concerning the crisis of the migrant caravan invasion into the United States.  Mexico halted the caravan on Monday evening, and immigration officials are in the process of registering the travelers and giving some humanitarian visas. Of course, some will have to leave Mexico. … Read more

KAREEM: Don’t Be Fooled, ‘ROSEANNE’ Is TV’s Most Anti-Trump Show… Barr Laughs at President Taking Credit for Huge Ratings

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Kareem Abdul-Jabbar: Don’t Be Fooled, ‘Roseanne’ Is Really TV’s Most Anti-Trump Show The NBA great and Hollywood Reporter columnist argues the politics on the revived sitcom are played for laughs like on ‘All in the Family’ or the ‘Colbert Report,’ but the daily economic struggles of the Conner family actually make a pointed anti-Trump statement. … Read more

ONE OF THESE THINGS IS NOT LIKE THE OTHER

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Why Xi’s lifting of term limits is a good thing   Found via Gabriel Malor of the Federalist, who tweets, “Er…a non-twitter pal notes that WaPo has literal communist propaganda today.”     Bezos’ illegal unregistered lobbyists kissing up to totalitarian scum to access the potential Chinese market. Bezos did not pay good money for the Post without … Read more

The world’s first central bank electronic money has come and gone

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Image by iStock.com/mangpor_2004 By Larry White for Alt-M In 2014 the government of Ecuador, under then-President Rafael Correa, announced with great fanfare that the Ecuadorian Central Bank (BCE) would soon begin issuing an electronic money (dinero electrónico, or DE). Users would keep account balances on the central bank’s own balance sheet and transfer them using a … Read more

Severe weather today for central and south U.S! ( Large hail, flooding and tornadoes) 48 million at risk!

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Severe thunderstorms capable of producing damaging winds, heavy downpours, large hail and isolated tornadoes will strike areas from the Ohio Valley to the Deep South on Tuesday and Tuesday night: https://t.co/78YnJx9DV3 pic.twitter.com/5rWdKOW50M — Breaking Weather by AccuWeather (@breakingweather) April 3, 2018 The combination of severe drought, gusty winds and very dry air will lead to … Read more

Trump continues AMAZON attack, says it costs Post Office massive amounts… Loses $1.46 per package?

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I am right about Amazon costing the United States Post Office massive amounts of money for being their Delivery Boy. Amazon should pay these costs (plus) and not have them bourne by the American Taxpayer. Many billions of dollars. P.O. leaders don’t have a clue (or do they?)! — Donald J. Trump (@realDonaldTrump) April 3, … Read more

Hmm… Backing down? BREAKING: Porton Down boss says not able to establish where nerve agent came from ie can’t confirm it was Russia

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Porton Down boss tells @skynews not yet able to establish where #salisbury #poisoning nerve agent came from ie can’t confirm it was Russia BREAK: Porton Down boss tells @skynews not yet able to establish where #salisbury #poisoning nerve agent came from ie can't confirm it was Russia — Kay Burley (@KayBurley) April 3, 2018 The … Read more

Half of European flights face delays after computer failure. Half of a million air passengers faces delays and cancellations

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There has been a failure of the Enhanced Tactical Flow Management System.  Contingency procedures are being put in place which will have the effect of reducing the capacity of the European network by approximately 10%.  Further information will be provided as soon as possible. — EUROCONTROL (@eurocontrol) April 3, 2018 One in 10 flights likely … Read more

Above The Fold…

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by Chris This morning, in the WSJ on-line edition, right at the very tippy top of the page in the left corner, minutes after the “”market”” opened, the WSJ marketing machine was busy helping Wall Street sell more of its inventory: Of course, if the eager co-marketers of stocks at the WSJ had waited even a … Read more

Speaking Of Planned Obsolesence

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by Chris Found this on Reddit the other day. This makes my blood boil, it’s so stupid. There’s nothing that makes me more annoyed than realizing I’ve bought something designed to break.  Just make it properly and charge me reasonably.   Which brings us to today’s moment of Schadenfreude:

ANOTHER PRO-SANCTUARY CITY CLAIM BITES THE DUST

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Ask a defender of sanctuary cities to defend the policy and their first argument invariably is immigrants fearing deportation won’t help local crime fighters who cooperate with the feds. We hear it so often, it’s become a truism, part of the governing assumptions underlying of the debate about illegal immigration. But guess what? There’s as … Read more

What is happening to US house prices?

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by Shaun Richards If you are a believer that the extraordinarily stimulatory monetary policies of the credit crunch era have boosted house prices via their impact on asset prices then the United States currently provides food for thought. This is because of this. In view of realized and expected labor market conditions and inflation, the … Read more

There’s something terribly wrong at the FBI.

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JAMES BOVARD: After the FBI’s Pulse nightclub failure, why should we trust James Comey anymore? We shouldn’t. Federal prosecutors flourished the FBI memo of Salman’s confession as the ultimate proof of her perfidy. But the memo contained false statements and contradictions which even the government could not sweep away. After the trial ended, the jury foreman (who … Read more

Charles Barkley to Trump voters: “Look in the mirror and say, ‘My life sucks because of me’ “

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by DCG Sorry Charlie. I don’t take life advice from someone who said republicans have “lost their minds.” From Seattle Times: Charles Barkley is weary. He was never a fan of Donald Trump’s, even before the election, but now he’s tired of “this turmoil every single day – the tweeting, the hiring and firing.” In an interview with David Axelrod … Read more

Gold Outperforms Stocks In Q1, 2018

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by GoldCore Gold Outperforms Stocks In Q1, 2018 – Gold signs off Q1 2018 with best run since 2011 – Gold price supported by safe haven demand, interest-rate concerns and inflation – Trade wars and concerns over equity market have sent investors towards gold – ETF holdings highest in nearly a decade – Goldman Sachs: … Read more