Last week, President Trump announced his proposal for a $1.5 trillion infrastructure program in his State of The Union address to the American people. He failed to mention that over the next decade, the federal government would provide very little money whatsoever for America’s crumbling bridges, rails, roads, and waterways. In overhauling the nation’s crumbling […]
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The Funding Deal Trump Reached with the Democrats Is a Good Deal…
As many of you probably know by now, Trump inked a deal with the Democrats yesterday to fund the government. What’s in the deal? Schumer got rolled… AGAIN. Let’s be clear, the Democrat strategy was and always has been to tie amnesty to continue funding the government. The Democrats believed that Republicans would quickly cave […]
We Have a Budget…
President Trump on Friday morning signed the congressional deal to end the brief government shutdown just hours after the lapse in government funding that began at midnight. Trump announced the signing on Twitter shortly after the House delivered him the signed bill from Congress. “Just signed Bill. Our Military will now be stronger than ever […]
GOP Fiscal Hawks Revolt Against Senate Budget Deal…
House conservatives on Wednesday revolted against a massive bipartisan deal to raise the debt ceiling and bust spending caps, complaining that the GOP could no longer lay claim to being the party of fiscal responsibility. “I’m not only a ‘no.’ I’m a ‘hell no,’” quipped Rep. Mo Brooks (R-Ala.), one of many members of the […]
Oil World Turns Upside Down as U.S. Sells Oil in Middle East…
The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn’t the most obvious customer for Texan oil. Yet, in a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly […]
California Officials Will Block Trump’s Plan to Expand Oil Drilling Off Coast…
California officials said they will block the federal government from transporting oil using existing or new pipelines, adding a new obstacle in President Trump’s plan to expand drilling off the state’s coast. The California State Lands Commission sent a letter Wednesday to the federal Bureau of Ocean Management urging the agency to withdraw plans to […]
Fannie Mae (FNMA) & Freddie Mac (FMCC) – Where Did The Money Go?…
After reading the news stories about Obama’s FISA memo, and intrusion into the American way of life, you would think things couldn’t get any worse. Now, information is coming out that President Barack Obama stole the entire profits of two privately owned, and publicly traded companies. The theft left the shareholders of Fannie Mae (FNMA) […]
U.S. Stocks Snap Selling Spree to Close Higher in Volatile Trading…
The U.S. stock market halted its death spiral to close higher Tuesday after a wild day of trading that saw the Dow ricocheting more than 1,000 points, underscoring a new regime of volatility on Wall Street. The turnaround, which follows on the heels of the blue-chip index’s worst one-day point decline on Monday, helped to […]
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Trump, Davos and Free Trade…
After Trump announced the steep 30% U.S. tariffs on imports of solar panels and washing machines. the Chinese Commerce Ministry expressed “strong dissatisfaction” and said it “aggravates the global trade environment.” Trump is not done with tariffs. In the days and weeks ahead, we can expect further announcements with regard to steel and aluminum imports […]
Here Is What Was Behind the “Largest VIX Buy Order in History”…
Less than a month ago, Goldman Sachs presciently published a note research report “VIX ETPs are now net short vega – should we worry”…which as the title suggested showed that the net position of VIX ETPs has become short over the past few weeks, for only the second time in their eight year history…
Senate Leaders Near Two-Year Budget Deal to Prevent Shutdown…
Senate leaders are close to a two-year budget deal that would avert a government shutdown, Senate Democratic Leader Charles Schumer (N.Y.) announced Tuesday. The deal would set spending levels for fiscal 2018 and 2019 and avoid the prospect of a government shutdown when a stopgap spending measure expires on Thursday. “There are still some outstanding […]
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Dow Falls More Than 1,000…
The Dow Jones Industrial Average fell by more than 1,100 points Monday, breaking its record for largest daily loss by points. The Dow dropped more than 1,500 points Monday before recovering to close at 24,341, a 1,179-point loss. The plunge broke the Dow’s previous record for the largest daily loss by points, set on Sept. […]
Fed’s Crackdown on Wells Fargo Will Curb 2018 Profit by $400 Million…
The Federal Reserve’s decision to cap Wells Fargo growth until it sufficiently improves corporate oversight in the wake of a fake accounts scandal will curb the lender’s profit by as much as $400 million this year, CEO Tim Sloan said. The directive, announced after the close of New York trading on Friday, requires the San […]
Congress Closed America’s Infrastructure Bank. Reopen It…
Congressman John Faso’s op-ed on Jan. 23 presents the arguments for establishing an American infrastructure bank. The congressman is right that outdated infrastructure hurts all of us. He is right that these networks are the platform on which our economy runs. Our national infrastructure grade of “D,” received from the American Society of Civil Engineers, […]
As SEC Chair’s Family Grows Rich from Corporate Secrecy Firm, U.S. Named #2 Facilitator of Illicit Money…
Yesterday we reported that the Chairman of the Securities and Exchange Commission, Jay Clayton – the man ostensibly in charge of providing financial transparency to the American people – has tens of millions of dollars in family net worth tied to a Delaware company specializing in providing secrecy to corporate entities. (This actually makes sense […]
Economy to Grow at 5.4% Rate in First Quarter…
The economy is on track to put up blockbuster growth numbers in the first quarter, according to the latest forecast from the Atlanta Fed. GDP is expected to surge 5.4 percent to start 2018, the central bank branch estimated in its latest rolling look at how the economy is progressing. If the forecast holds, it […]
300 Companies Announce Tax Reform, Bonuses, Raises or 401(k) Hikes…
At least 300 companies have announced tax reform bonuses, pay raises, or 401(k) hikes, according to a running list compiled by Americans for Tax Reform, found at www.atr.org/list. Democrats and most media outlets continue to dismiss or altogether ignore the good news about tax reform. American workers do not agree with the “crumbs” comments of […]
Private Payrolls Grow by 234k in January…
The new year got off to a strong start for job creation, with businesses adding 234,000 in January, according to a report Wednesday from ADP and Moody’s Analytics. Economists surveyed by Reuters had been looking for private payrolls to grow by 185,000. Job creation was concentrated largely in service-related industries, which contributed 212,000 to the […]
Microchipping? Hhhhmmm: Bezo’s, Buffett, JPMorgan Starting Healthcare Company…
Amazon, Berkshire Hathaway and JPMorgan Chase & Co. have agreed to work together to provide healthcare for their employees that is “free from profit-making incentives and constraints.” The three companies are hoping to create a new healthcare company that they say will aim to improve employee satisfaction and reduce costs. The companies provided few details […]
One Million People Are Waiting to Trade Crypto with Robinhood…
Robinhood Financial, the”fastest-growing online brokerage in history”, announced last week that it was getting into cryptocurrency trading. And since then, Bloomberg reports, more than one million people have put their names on the company’s waiting list in four days. Digital currency trading will mark the first paid product for Robinhood, which became wildly popular among […]
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