SUSTAINABILITY: As Debt Rises, the Government Will Soon Spend More on Interest Than on the Military. “Tax cuts, spending increases and higher interest rates could make it harder to respond to future recessions and deal with other needs.”

via nytimes: The run-up in borrowing costs is a one-two punch brought on by the need to finance a fast-growing budget deficit, worsened by tax cuts and steadily rising interest rates that will make the debt more expensive. With less money …

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U.S. Consumer Confidence Rises to Highest in Almost 18 Years (not a good sign)

by SpontaneousDisorder Source: https://www.bloomberg.com/news/articles/2018-08-28/u-s-consumer-confidence-rises-to-highest-in-almost-18-years Consumer confidence tends to top with everything else, because the rise and fall of the markets/economy is based on confidence. Its extremely high right now. ZH has a longer term chart https://www.zerohedge.com/news/2018-08-28/consumer-confidence-explodes-18-year-high

Cancer drug price rises 15-fold as owner raises cost for ninth time in four years — Doctors accuse pharmaceutical company of ‘price gouging’ and say patients cannot afford treatment

Doctors accuse pharmaceutical company of ‘price gouging’ and say patients cannot afford treatment The cost of a vital cancer drug has gone up 15-fold in four years after its new owner hiked prices on nine separate occasions. Lomustine has been used …

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Great Again: Median Incomes Rises To Highest On Record… Trump Tax Cut Blitz… Will Work With Either Democrats Or Republicans To Achieve… Backdating to Jan. 1?

America’s middle class had its highest-earning year ever in 2016, the U.S. Census Bureau reported Tuesday. Median household income in America was $59,039 last year, surpassing the previous record of $58,655 set in 1999, the Census Bureau said. The figure is adjusted for inflation and …

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Recession Risk Rises: Manufacturing Activity Slowing, Treasury Curve Continues To Flatten, Peak Auto Sales, Crude Oil Enters Bear Market!

The US and China’s manufacturing activity seem to be synchronized – and both are slowing…#recession2017? #igwt2017 pic.twitter.com/3eUtruyVRp — Ronnie Stoeferle (@RonStoeferle) May 4, 2017 Global recession risk rises as the US and China tighten into the storm Equity investors across …

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