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Will Congress and Trump Declare War on WikiLeaks?
Will Congress and Trump Declare War on WikiLeaks? The Senate Intelligence Committee recently passed its Intelligence Authorization Act for 2018 that contains a chilling attack on the First Amendment. Section 623 of the act expresses the “sense of Congress” that WikiLeaks resembles a “non-state hostile intelligence service often abetted by state actors and should be […]
When the Butterfly Flaps Its Wings
When the Butterfly Flaps Its Wings It remains to be seen what the impact will be from Mother Nature putting the nation’s fourth largest city out-of-business. And for how long? It’s possible that Houston will never entirely recover from Hurricane Harvey. The event may exceed the physical damage that Hurricane Katrina did to New Orleans. […]
Russian PM: “The U.S. Just Declared Full-Scale Trade War On Russia”
Russian PM: “The U.S. Just Declared Full-Scale Trade War On Russia” Several hours after President Trump officially signed the new Russian sanctions into law – despite his reservations and his statement that while he favors “tough measures to punish and deter aggressive and destabilizing behavior by Iran, North Korea, and Russia, this legislation is significantly […]
Brodsky: This Is A Red Flag Warning
Brodsky: This Is A Red Flag Warning Authored by Paul Brodsky via Macro-Allocation.com, Red Flag Warning Two identifiable dynamics may signal significant market shifts imminently: 1. The US debt ceiling will be debated soon and signs point towards a messy outcome. 2. Recent economic data have been weak, confirming our thesis that US economic growth […]
Fed Chair Janet Yellen Warns Congress: US Debt Trajectory Is Unsustainable
Fed Chair Janet Yellen Warns Congress: US Debt Trajectory Is Unsustainable During her tesimony this morning, Fed Chair Janet Yellen urged Congress to take into account the growth trajectory of the federal debt when making decisions about spending and taxation. She said lawmakers need to work toward achieving “sustainability of this debt path over time,” […]
Trump’s ANWR move could spawn epic oil, natural gas battle: Fuel for Thought
Trump’s ANWR move could spawn epic oil, natural gas battle: Fuel for Thought Oil majors thirsty for reserves likely to line up for any lease sale President Trump has uncorked yet another controversy over energy vs the environment and it promises to be a heavyweight battle. The White House budget proposal includes a revenue line […]
After the ISIS War, a US-Russia Collision?
After the ISIS War, a US-Russia Collision? Sunday, a Navy F-18 Hornet shot down a Syrian air force jet, an act of war against a nation with which Congress has never declared or authorized a war. Washington says the Syrian plane was bombing U.S.-backed rebels. Damascus says its plane was attacking ISIS. Vladimir Putin’s defense […]
Can Anyone Really Save The Economy in a Crash?
Can Anyone Really Save The Economy in a Crash? QUESTION: Mr. Armstrong; Did anyone ever save the world financial system during the 1998 Crash or the 2008 Crash?Also, you said that government will never heed the advice of anyone. You worked on Capitol Hill and testified before Congress and was called upon to form the […]
Save Liberty, Shut Down the Government
Save Liberty, Shut Down the Government Congress ended the week by passing a continuing resolution keeping the government funded for one more week. This stopgap funding bill is designed to give Congress and the White House more time to negotiate a long-term spending bill. Passage of a long-term spending bill has been delayed over objections […]
Why No One’s Going to Drain this Swamp
Why No One’s Going to Drain this Swamp The Financial Sector threw $2 Billion at Congress during the Election. Biggest Spenders? Not the Banks. The Financial Sector – whose products, risk-taking, and shenanigans blew up the sector and everything around it during the Financial Crisis – has finally gotten the memo in a serious way: […]
Donald Trump, Saudi Arabia, and the Petrodollar
Donald Trump, Saudi Arabia, and the Petrodollar Obama pulled out his veto pen 12 times during his presidency. Congress only overrode him once… In late 2016, Obama vetoed the Justice Against Sponsors of Terrorism Act (JASTA). The bill would allow 9/11 victims to sue Saudi Arabia in US courts. With only months left in […]
US Lawmakers Are Probing Soros’ Involvement In European Politics
US Lawmakers Are Probing Soros’ Involvement In European Politics After years of tangential accusations, which never amounted to anything concrete, George Soros’ alleged meddling in European politics has finally caught the attention of Congress. As we first observed in early January, concerns about Soros’ involvement were most recently raised by the Hungarian prime minister, who last […]
The Art and Pseudoscience of Monetary Policy
The Art and Pseudoscience of Monetary Policy Definitely Maybe Everyone’s got a plan for sale these days. In fact, there are so many plans out there we cannot keep up with them all. Eat celery sticks and lose weight. Think and grow rich. Stocks for the long run. Naturally, plans like these run a dime […]
Fischer Admits Fed Is Clueless About What Happens Next
Fischer Admits Fed Is Clueless About What Happens Next In a moment of rare honesty, during a conference in England, Fed Vice Chair Stanley Fischer admitted that the Fed is clueless about what happens next, blaming the Fed’s lack of clarity on Trump and saying there is significant uncertainty about U.S. fiscal policy under the Trump administration. […]
