President of United Steelworkers Union: “Members Won’t Forget What Trump Did, He Stopped Wealth Transfer”…

by

by sundance Leo Gerard, the President of the United Steelworkers Union, talks to a very frustrated Chuck Todd about the effect of President Trump’s new tariffs and his appreciation therein. Chuck Todd has all his Media Matters talking points prepared to outline his narrative; however, unfortunately for the toad, he came up against a very knowledgeable … Read more

Goldilocks And The Liquidity Bears

by

by jessefelder While most investors and pundits are currently focused on optimistic analyst earnings estimates for the coming year there’s another far more important phenomenon underway that deserves more attention. Three years ago Stan Druckenmiller gave a very important speech to a very exclusive group of listeners in which he disclosed the single greatest source of his … Read more

Trump Pressures China To Reduce Trade Deficit And Stop Stealing Intellectual Property

by

by Dylan Scott, NEE Trump Asks China To Reduce Their Trade Deficit And Stop Intellectual Property Theft This week, the President slapped tariffs on steel and aluminum imports to enhance domestic steel production, to the dismay of liberal economists and journalists who don’t understand history and common sense. Here at this editorial we are unabashedly pro-tariff, not … Read more

Letting The Chips Rise Where They May

by

by Dana Lyons After setting its all-time high during the dotcom bubble, 18 years later — to the day — the PHLX Semiconductor Index is finally scoring a decisive new all-time high. One factor in convincing us that the correction of the past 6 weeks was not yet the beginning of a serious, longer-term market swoon … Read more

Obamacare Medicaid Scandal: 21,904 Truly Needy People Died While Waiting Behind 13 Million Able-Bodied Adults

by

by Geoffrey Grider AT LEAST 21,000 NEEDY PEOPLE HAVE DIED WHILE WAITING FOR MEDICAID COVERAGE, WHILE 13 MILLION ABLE-BODIED ADULTS RECEIVED COVERAGE FROM MEDICAID IN THE STATES THAT EXPANDED MEDICAID UNDER THE AFFORDABLE CARE ACT, ALSO KNOWN AS OBAMACARE, AN EXPLOSIVE NEW STUDY REVEALED TUESDAY. EDITOR’S NOTE: Barack Obama promised that the health care bill that bears … Read more

Will Your Driver’s License Soon Become Invalid as ID? The "REAL ID" Act goes into effect October 1, 2020. The most threatening aspect of the REAL ID initiative is that it’s a security and privacy nightmare.

by

Drivers licensing is not about qualifying to operate a motor vehicle, it has become a database and tracking program for the federal government. The requirements for the states to issue drivers licences are being dictated by the Department of Homeland Security (which didn’t even exist 20 years ago). Will Your Driver’s License Soon Become Invalid … Read more

The Global Economy’s Wile E. Coyote Moment

by

via bloomberg  Our prediction last year of a global growth downturn was based on our 20-Country Long Leading Index, which, in 2016, foresaw the synchronized global growth upturn that the consensus only started to recognize around the spring of 2017. With the synchronized global growth upturn in the rearview mirror, the downturn is no longer a forecast, … Read more

Third Nor’easter In Ten Days Could Strike Mid-Atlantic By Early Week

by

by stockboardasset From Maryland to Maine, millions of American’s strapped on their rubber boots and grabbed a rusty snow shovel to end the week, after a fierce nor’easter dumped several feet of snow across the Northeast. This, of course, was backbreaking work for the nation’s oldest population, which by the way, is centered in the Northeast, according to Census data. … Read more

QE Unwind Is Too Slow, Says Fed Governor, Thus Launching First Trial Balloon

by

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “The very slow pace may still be contributing to a buildup of various financial imbalances.” So we have the first Fed Governor and member of the policy-setting FOMC who came out and said that the QE Unwind that began last October with baby steps isn’t fast enough. And because it’s so … Read more

The Mysterious Chinese Company that’s Trying to Buy a $9 Billion Stake in Rosneft?

by

The Chinese government has taken over its management, and its CEO is under investigation. By Tsvetana Paraskova, Oilprice.com: When a little-known private Chinese company said in September 2017 that it would be buying 14 percent in Rosneft, many analysts were wondering how an obscure fuel trading company rose to such prominence as to become a major global … Read more

What It Takes to Look Stylish

by

It is generally believed that being stylish stands for having to spend a lot of money on one’s looks. However, money is not as important as creativity, one should always remember that. You must have seen some people, who buy expensive clothes, but look tasteless if not ugly in them. What matters is to feel … Read more

Forget "Free Trade" – It's All About Capital Flows

by

Authored by Charles Hugh Smith via OfTwoMinds blog, In a world dominated by mobile capital, mobile capital is the comparative advantage. Defenders and critics of “free trade” and globalization tend to present the issue as either/or: it’s inherently good or bad. In the real world, it’s not that simple. The confusion starts with defining free trade … Read more