Feds Run Surplus in 1st Month of Trump Tax Cut… Americans Expect Biggest Pay Jump in Years

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Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January (CNSNews.com) – The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released today. January was the first month under the new tax law that President Donald Trump signed … Read more

Last Week Wasn't An Error – It Is The Beginning Of A Bear Market That Will Be Generational, Not A Temporary Cyclical Downleg.

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By David Stockman Last week’s twin 1,000 point plunges on the Dow were not errors. Instead, these close-coupled massacres, which wiped out $4 trillion of global market cap in two days, marked the beginning of a bear market that will be generational, not a temporary cyclical downleg. What hit the casino wasn’t an air pocket; it was a fundamental change of direction, signaling that the three decade … Read more

Oklahoma Sucks. Don’t Move There

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by Stucky, TBP Anticipating the Bunny Killer’s response …. yeah, NJ sucks ass also. But, at least we pay our teachers. Ms. Freud and I often discuss where we will move when my parents transition to The Great Beyond.  We’re starting to realize there is no perfect place in ‘Murica for us. I guess we’ll just … Read more

The California Paradox: if Immigration Creates Wealth, Why is California Poor?

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by Spencer P Morrison, NEE How Immigration Turned California into America’s Poverty Capital California is a land of untold opulence and splendor.  Hollywood’s glitter dazzles the gawking masses, while the world’s most profitable companies, Google, Apple, and Facebook, funnel cash into the Golden State from every corner of the earth.  It is the apotheosis of decadence. And … Read more

Spending bill, Rail traffic, Rig count, Saudi pricing

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by WARREN MOSLER This alone could add maybe 2% to nominal GDP. How much real output it adds is another question, of course: Trump signs massive spending deal into law and ends year’s second government shutdown Self-professed fiscal hawks in the House also opposed the bill. The nonpartisan Congressional Budget Office estimated Thursday that it would … Read more

This may be the beginning of the Great Financial Reckoning

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by Simon Black Less than two weeks ago, the United States Department of Treasury very quietly released its own internal projections for the federal government’s budget deficits over the next several years. And the numbers are pretty gruesome. In order to plug the gaps from its soaring deficits, the Treasury Department expects to borrow nearly $1 … Read more

Why Continuing Down This Path Leaves America In A No Win Scenario

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Authored by Chris Hamilton via Econimica blog, According to conventional economic wisdom, economic growth is the increase in an economy to producegoods and services, compared from one period to another.  This view deems that the greater the growth in capacity and utilization of that capacity, the greater the economic growth.  Strangely, what this school of thought fails to account … Read more

Grand Theft Auto Chicago: Carjackings Surge To Decade Highs

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by stockboardasset According to the Wall Street Journal, a surge in carjackings in Chicago has led to the highest number of car thefts in more than a decade, terrifying residents who are often traumatized about the explosion in homicides and shootings over the past two years. Law enforcement and crime specialists mostly attribute the surge, which is … Read more

Nunes Will Probe X CIA Director John Brennan

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https://www.youtube.com/watch?v=HU9esURKJXU Synopsis: House Intel Committee Chairman Devin Nunes will be investigating the top bad guy outside the FBI circle of coup plotters next, former CIA Director John Brennan. Director Brennan has decided that the best defense is a good offense and who knows better how to maintain the propaganda smoke and mirrors fest than the … Read more

Here are the official ICE deportation statistics for the Fiscal Year 2017

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ICE ERO conducted 143,470 overall administrative arrests, which is the highest number of administrative arrests over the past three fiscal years. Of these arrests, 92 percent had a criminal conviction, a pending criminal charge, were an ICE fugitive or were processed with a reinstated final order. In FY2017, ICE conducted 226,119 removals. While this is … Read more

Billionaire Investor Warns of Impending Stock Market “Earthquake”

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From Birch Gold Group We’ve been using the market like a casino. Except, “this casino is on steroids” according to billionaire investor Carl Icahn. Icahn thinks the stock market is getting dangerous for the average person. His reasoning? Over-leveraged ETFs (exchange traded funds). This past week, that danger manifested, with the DOW dropping 1000+ points on Monday and … Read more

Excellent breakdown on how to combat MSM narratives

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There’s a conspiracy to shut down alternative ideas to the MSM SJW narrative, here’s how to spot the tricks and counter with truth. If you watch one video today I highly recommend watching this. Published on Jan 22, 2018 We’ve all found ourselves in conversation and felt attacked like we started off talking about one … Read more

Strong, Weak…Call the USD What You Will, There’s Nothing Behind It

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by Antonius Aquinas  The recent hullabaloo among President Trump’s top monetary officials about the Administration’s “dollar policy” is just the start of what will likely be the first of many contradictory pronoucements and reversals which will take place in the coming months/years as the world’s reserve currency continues to be compromised.  So far, the Greenback has … Read more

The debt bomb is being set as UST10Y tags 2.896, what says UST10Y has to stop at 3%? Dalio: ‘We’re past the top in bonds,’ sees rising risk of U.S. recession

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the bond market is starting to realize that Make America Great Again, really means make debt great again. the debt bomb is being set as UST10Y tags 2.896, what says UST10Y has to stop at 3%? — Alastair (@StockBoardAsset) February 12, 2018 Dalio: ‘We’re past the top in bonds,’ sees rising risk of U.S. recession … Read more

Because of vulnerabilities related to the market's massively short gamma positioning, "there will be turmoil in the markets for the foreseeable future."

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Trader Who Called Last Week’s ‘Volocaust’ Says “This Is Just An Appetizer” Professionals investors are still digesting the implications of last week’s explosion of volatility, while some retail traders are struggling to cope with the loss of years’ worth of work. Meanwhile, one man, who was fortunate enough to have his warnings about the possibility of an … Read more