From Nick Giambruno, Senior Editor, International Man: Over 3,000 millionaires have fled Chicago in recent months. This is the largest outflow of wealthy people from any U.S. city right now. It’s also one of the largest outflows of wealthy people in the world. But it’s not just millionaires… Every five minutes, someone leaves Illinois. In a recent poll, … Read more
by Mark Angelides No matter how much the political elites would like it to be so, America (and in fact much of Europe) is no longer politically divided by race. Of course there are demographic trends, but these are not divisions; what is really causing the split is the vast chasm that is seen to … Read more
by Mark Angelides As President Rouhani addresses Parliament, he made it very clear that id the US decides to go ahead with more sanctions, then Iran will scrap the “Obama Deal” (which did not just involve Obama) and resume their nuclear and missile projects. The only surprising thing about this whole affair is that it … Read more
by Michael Snyder Is it useless to try to save America? Since I announced that I would be running for a seat in Congress, I have had a number of people become extremely upset with me. According to these people, I am misleading the public by suggesting that we should fight for the future of our country, … Read more
by Ruby Henley First of all, I want to update a previous article I did on the Charlottesville Rally ending in a tragedy and loss of life. I am going to start by giving my opinion on this whole tragic setup to trap the “Alt-Right.” This movement created by Jason Kessler is nothing BUT A TRAP, … Read more
By Michael Snyder What you are about to read is going to absolutely shock you. Rick Wiles has done outstanding work over at TruNews for well over a decade, and now just days before the August 21st solar eclipse he has issued his most ominous warning ever. His warning is not directly related to the eclipse, but I find … Read more
by Simon Black About a month ago I joined the Board of Directors of a publicly-traded company that invests in US real estate. The position brings a lot of insight into what’s happening in the US housing market. And from what I’m seeing, the transformation that’s taking place today is extraordinary. Buying and renting out single-family … Read more
Retail US sales near 5 trillion a year. https://www.emarketer.com/Article/US-Retail-Sales-Near-5-Trillion-2016/1013368 Obamacare costs and penalties are 60% of that or over 3 trillion. The retail sector has been stagnant and most people are blaming AMAZON. A closer look is really required rather than the typical superficial analysis. Today, online sales represent only 8.5% of total retail sales. Amazon comes … Read more
by Mark Angelides North Korea has backed off Guam and said that after reviewing plans with top Generals that it will not be going though with its “escalation.” It seems that for now, a combination of US Diplomacy and Chinese Sanctions has won through. But how close were we to actual war, and is this … Read more
With next Recession Looming, Central Banks Back with Negative Rates Negative interest rates are back in the spotlight. Central banks will need to be prepared to cut interest rates deep into negative territory in the next economic downturn. With U.S. economy due for pullback, analysts ponder stimulus Supply of debt with negative yields surged in … Read more
I think corporate debt is one of the main bubbles in this cycle, worldwide. Just to support that look at this amazing chart of corporate leverage. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibAhOFLu2q_Y/v2/1000x-1.png As John Hussman tweeted “… and remember, the 2009 debt/EBITDA peak reflected weak operating margins; the recent peak is on near-record ones.” Mike Malony on Final … Read more
by Geoffrey Grider As we reported to you over the weekend, the radical Left terror groups Black Lives Matter and ANTIFA are funded by George Soros. In Virginia, they turned a white nationalist rally into a bloodbath by inciting violence and being the first to strike. 3 people died because of their actions, and now they … Read more
by Mark Angelides Regardless of your opinions on how effective or timely President Trump’s response to the shocking events in Charlottesville, VA, it can’t have escaped your attention that the MSM is now firmly targeted as one in kicking down Trump on his responses. It seems he can’t catch a break on this, and that … Read more
by Mark Angelides A course has been slated to start this fall at Stanford University that looks (among other things) at the perils and possibilities of different political practices,” according to the course description, “including abolishing whiteness or coming to terms with white identity.” And yes, it sounds like a joke, but it is apparently a … Read more
by Thinker Since 2011 and the Eric Holder “Fast & Furious”, 2013 IRS, 2014 DHS release of over 19,000 illegal convicted felons onto the streets of America, FBI Director and Military general who lied under oath. How many times will Senator Trey Gowdy have to expose the truth and corruption, only to have those who … Read more
by David Haggith August is a sultry month for stocks as markets thin out during the dog days of summer. Everyone leaves investing for a break from the heat. Statistically, August is the worst month for overall stock performance, while September delivers more of whatever August sends its way or brings its own dark surprises. After … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “July proved to be a tough month for chain restaurants,” the report said. Foot traffic at chain restaurants fell 4.7% in July year-over-year. Same-store sales fell 2.8%, the 17th month in a row of year-over-year declines, the longest downturn since 2009. On a two-year basis, same-store sales fell 4.2% from July … Read more
By Michael Snyder In just a matter of days we are going to witness the most unusual solar eclipse in U.S. history. Could it be possible that all of the very strange “coincidences” surrounding this event have some sort of special significance? The mainstream media has been buzzing about this upcoming solar eclipse for months, … Read more
by Charles Hugh-Smith If we stop counting zombies, we’re already in recession. How shocked would you be if it was announced that the U.S. had just entered a recession, that is, a period in which gross domestic product (GDP) declines (when adjusted for inflation) for two or more quarters? Would you really be surprised to … Read more
by Michael Snyder What just happened in Charlottesville, Virginia should break all of our hearts. This is not what our country is about, and I am really struggling to find words that are strong enough to denounce the violence that we just witnessed. Hating people because of the color of their skin is evil. I know … Read more