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The Prophet
The Prophet Oh how I miss George Carlin. Yes he was mainly known as a stand up comedian, but he was more than that, much more. He was a social critic, he challenged that status quo, he dared to go where society wasn’t prepared to go: Look at ourselves critically. He did it with biting […]
Screwed
Screwed James Madison: “We are free today substantially but the day will come when our Republic will be an impossibility. It will be an impossibility because wealth will be concentrated in the hands of a few.” The tax cut has now been shown the very scam I outlined it to be in 2017. Debt is soaring and […]
Corporate Credit – A Chasm Between Risk Perceptions and Actual Risk
Corporate Credit – A Chasm Between Risk Perceptions and Actual Risk Shifts in Credit-Land: Repatriation Hurts Small Corporate Borrowers A recent Bloomberg article informs us that US companies with large cash hoards (such as AAPL and ORCL) were sizable players in corporate debt markets, supplying plenty of funds to borrowers in need of US dollars. […]
More Evidence The Economy Is Deteriorating
More Evidence The Economy Is Deteriorating “Financial-market and economic prospects remain far shy of the hype and headlines, amidst tanking consumer optimism and negative revisions to recent reporting.” – John Williams, Shadowstats.com The economy may seem like it’s doing well if you are part of the upper 10% demographic. Though, in reality, for most of […]
Ben Bernanke: The US Economy Is Going To Go Off The Cliff In 2020
Ben Bernanke: The US Economy Is Going To Go Off The Cliff In 2020 It looks like Ben Bernanke is a Bridgewater client. Recall that earlier this week we reported that in the May 31 “Daily Observations” letter to select clients, authored by Bridgewater co-CIO Greg Jensen, the world’s biggest hedge had an ominous, if […]
Trump Trade Wars A Perfect Smokescreen For A Market Crash
Trump Trade Wars A Perfect Smokescreen For A Market Crash First, I would like to say that the timing of Donald Trump’s announcement on expansive trade tariffs is unusual if not impeccable. I say this only IF Trump’s plan was to benefit establishment globalists by giving them perfect cover for their continued demolition of the […]
Albert Edwards on Trump’s Legacy:15% Deficits then a Deflationary Bust
Albert Edwards on Trump’s Legacy:15% Deficits then a Deflationary Bust Albert Edwards at Society General does not have kind words for Trump’s stimulus package. In his latest Email, Albert Edwards at Society General fires a shot at Trump’s tax cut. Edwards says the “fiscal expansion is probably the most foolhardy escapade in modern economic policy, […]
Is Washington tacitly operating under a new monetary theory?
Is Washington tacitly operating under a new monetary theory? In 2002 when soon-to-be-dismissed U.S. Treasury Secretary Paul O’Neill warned then Vice President Dick Cheney that the Bush administration’s tax cuts would drive up deficits and threaten the health of the economy, Cheney famously answered: “You know, Paul, Reagan proved deficits don’t matter.” In the wake […]
Reagan Adviser: Why Trump Won’t Cut Taxes
Reagan Adviser: Why Trump Won’t Cut Taxes The mules of Wall Street were back at it again, buying the dips after the overnight whoosh downward in the futures market. Apparently, it will take an actual two-by-four between the eyes to break a habit that has been working for 96 months now since the March 2009 […]
States Consider Increasing Taxes for the Poor and Cutting Them for the Affluent
States Consider Increasing Taxes for the Poor and Cutting Them for the Affluent A number of Republican-led states are considering tax changes that in many cases would have the effect of cutting taxes on the rich and raising them on the poor. Conservatives are known for hating taxes but particularly hate income taxes, which they […]
