Congress just proposed a bill that would impose a 20% tax on sale of firearms and a 50% tax on sale of cartridges and shells! Tell Congress NO!

https://www.congress.gov/bill/115th-congress/house-bill/5103/text The $200 NFA tax goes up to $500, and the $5 tax for AOWs and other qualified items goes up to $100. Which obviously makes sense, because the people submitting to a rigorous BATFE background check and waiting 6-12 months for their paperwork …

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DEATH BY DACA: The U.S. Would NOT Survive DACA. The Wall Would Make Little Difference. Permanent Dem Majority – Over 5 Million

https://www.youtube.com/watch?v=pHcyiwhfeR8 On June 15, 2012, President Barack Obama announced Deferred Action for Childhood Arrivals [DACA] – an executive order which bypassed lawmakers and offered similar legal status to an estimated 1.7 million illegal immigrants. In June 2017, Texas Attorney General …

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Investor credit balances – "To say that investors are “all in” would be an understatement here. They’re leveraged to the gills."

Hussman posted this chart in his latest blog. https://www.hussmanfunds.com/wmc/wmc170717.htm Speaking of margin debt, Doug Short recently provided this look at investor credit balances and the equity market. The bars (green when positive, red when negative) show the sum of: cash …

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