The WeWork IPO is hype wrapped in subterfuge. It’s a money-losing commercial real estate company attempting to pass itself off as the Dalai Lama of office space rentals. The company has never made a dime of profits and its losses spiraled to $900 million in the first half of this year. Here’s a sample of […]
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Dow Plunges More Than 600 on Worsening U.S.-China Trade Brawl…
U.S. stocks plunged Friday, with the Dow Jones Industrial Average dropping more than 600 points as President Trump vowed to retaliate against China’s fresh round of tariffs on some U.S. goods beginning as early as Sept. 1. The sell-off — which at one point saw the blue-chip Dow down more than 700 points — left […]
SHOT: Futures Plunge After China Announces Retaliatory Tariffs on Another $75BN in U.S. Goods…
Just over an hour after the Global Times’ Hu Xijing warned that China would announce retaliatory tariffs on certain US products, adding that “China has ammunition to fight back”, that’s precisely what happened when China’s Ministry of Finance said in statement posted on website late Friday that it would levy retaliatory tariffs on another $75BN […]
CHASER: President Trump Announces Tariff Increases on Chinese Products…
President Trump has announced the raising of tariffs on China effective Sept 1st and October 1st, 2019. This is one arrow in a quiver filled with economic consequences: The preexisting 25 percent tariff on $250 billion in Chinese goods will increase to 30 percent effective October 1st, 2019. The pre-planned 10 percent tariff on $300 […]
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Is There A Hidden Political Agenda? The Mainstream Media Is Suddenly Full of Stories About the Coming Recession……
All of a sudden, it seems like the mainstream media just can’t stop talking about “the coming recession”. If you go to Google News and type in the word “recession”, you will literally get dozens of articles from the last couple of days with “recession” in the headline. And of course it is true that […]
The New York Fed Has Provided $78 Billion to Reduce the U.S. Budget Deficit in Just the Past Two Years…
According to KPMG’s 2017 and 2018 audit of the Federal Reserve Bank of New York (New York Fed), which is just one of the 12 regional banks of the Federal Reserve System, it has provided more than half of all monies flowing to the U.S. Treasury from regional Fed banks since President Donald Trump took […]
Goldman Sachs and JPMorgan Have Flagrantly Flaunted the Volcker Rule for Nine Years: Now It’s to Be Gutted by Federal Regulators…
Two of Wall Street’s crony regulators announced today that they are going to “simplify” the Volcker Rule’s ban on proprietary trading at Wall Street banks, providing another big win for Wall Street and another big nightmare for Main Street. The financial crash on Wall Street in 2008 was the deepest economic upheaval in the U.S. […]
President Trump Explains the Big Picture: “The fact is, somebody had to take China on”…
During an oval office press conference today, President Trump took several questions about China and the U.S. trade confrontation. After receiving the third question, on the same subject, President Trump paused and then went deep into the heart of the issue. The question was: ” Mr. President, you keep insisting that your trade war with […]
CEOs Rake in 940% More Than 40 Years Ago, While Average Workers Earn 12% More…
The chasm between what the country’s corporate leaders and their workers earn is widening to Grand Canyon-like proportions, according to new research that shows CEO compensation surged 940% between 1978 to 2018 while the average worker saw a meager 12% pay hike over the same 40-year period. “CEOs are getting more because of their power […]
Gov’t Delivers 100,000 Cheap Visa-Workers to Disney, Hilton, Tourist Industry, for Summer Work…
The huge shot of “Summer Work Travel” labor arrives each year to fill seasonal jobs in holiday resorts, hotels, and harvests, and it allows companies to reduce the recruitment of young Americans for seasonal jobs. The program is run by State Department officials, and is justified as an international cultural exchange which will benefit America. […]
Multinational Business Roundtable Now Claims “Social Responsibility” More Important Than Profit…
CTH suspected this was going to happen. This was predictable if you have followed the fracture between Main Street (Trump) and Wall Street (multinationals). Remember, there are trillions at stake. This news today is part of the battle. Here’s the cut through the BS motive behind the multinational association of Business Roundtable CEO’s (these are […]
Sunday Talks: Peter Navarro -vs- Jake Tapper…
White House Trade and Manufacturing Policy Advisor Peter Navarro appears on CNN to debate economic policy with Jake Tapper. As customary Tapper attempts to use the Multinational Big AG talking points to identify farmers as victims ♦ The yield on the benchmark 10-year Treasury note dropped to 1.623% Wednesday for less than one hour; momentarily […]
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U.S. Container Ports Report Surprising Growth Despite Tariffs…
Despite the escalating US/China trade war, the ten biggest US container ports posted a surprisingly robust 2.7% year-on-year import throughput growth in July, for a cumulative 1,865,645 teu. However, analyst John D McCown, of consultancy Blue Alpha Capital, still believes that the impact of tariffs on Chinese imports “will become dramatically more pronounced”. The better-than-expected […]
Nails It – Economic Analyst El-Erian: The Era of “De-Globalization” is Here…
Finally an economic analyst gets prime-time media pundits to listen as he describes the fundamental difference between the U.S. “Economy” (Main Street) and the U.S. “Markets” (Wall Street). Charles Payne understands most of this, but El-Erian has it nailed. Allianz Group chief economic advisor, Mohamed El-Erian, accurately describes what is happening in an era where […]
The Student Debt You Willingly Took On Is Not My Problem to Solve…
Of all the pandering showcased during Democrats’ attempts to win back the presidency, wiping out student debt ranked at or near the top. “I believe that education is the future for this country,” socialist Sen. Bernie Sanders barked during the first round of Democratic primary debates, explaining that’s why we must “eliminate student debt and […]
Should This Be Illegal – Banks Recommending a Stock to the Public Then Secretly Trading It in Their Own Dark Pool?…
The Dow Jones Industrial Average rallied 99.97 points yesterday but the mega Wall Street bank, Citigroup, closed in the red, down 0.15 percent. That decline follows a dramatic loss of 5.28 percent on Wednesday, a day that the Dow was down only 3.05 percent. Citigroup’s closing price yesterday was $61.32. The stock has lost more […]
Economic Gaslighting: The Corporate Media Screeching Recession – the Battle Behind Wall Street-v-Main Street…
A “negative yield curve“; a pending “economic recession“. These are the obtuse and ridiculous proclamations of the Mainstream Corporate Media today. So let’s take a moment to discuss how stunningly -intentionally- disconnected they are. Always remember, there are trillions of dollars at stake; and these media entities have a vested interest in maintaining the Wall […]
Here’s the Real Reason Why U.S. Home Prices Haven’t Been Smashed…
In a recent column, I focused on five key factors which indicate that housing markets may be topping out. Yet one other important factor may be the main reason why housing prices have not already deflated. Investors have always played an important role in housing markets. I have written extensively about the crazy bubble years […]
Job Fair After ICE Raids: Here’s Who Showed Up for Koch Foods Plant Job…
On Monday morning, the parking lot at the WIN Job Center here was full. About 25 to 30 people showed up to apply for jobs at Koch Foods’ nearby poultry processing plant. Of those, about an equal number were black, white or Latino. “This is what you’d normally see here,” said Dianne Bell, communications director […]
Trade and Manufacturing Advisor Peter Navarro Discusses “Next Step” Chinese Trade Tariffs…
White House trade and manufacturing policy advisor Peter Navarro appears on Fox News to discuss the status of the U.S-China trade negotiations and the reason for a USTR delay on some product tariffs. Peter Navarro confirms what we noted from the office of USTR Robert Lighthizer yesterday. On December 15th “the tariffs will go on.” […]
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