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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. […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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Markets Wake Up to a Dicey Global Economy Outlook; Dow Plunges…

If you are long stocks, this is one of those mornings when you may be tempted to pull the covers over your head and take a mental health day away from financial news. As of 8:44 a.m. this morning, Dow futures were registering a plunge of 394 points; the big Wall Street bank stocks were […]

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Stocks Rally as U.S. Delays Tariffs on Key Chinese Imports…

U.S. stocks, especially shares of tech companies, and bond yields rallied Tuesday after the White House said tariffs on key Chinese imports would be delayed. Early in the day’s session, equities turned positive on a report that China’s commerce secretary agreed to conduct a phone call in two weeks with U.S. Trade Representative (USTR) Robert […]

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U.S. Budget Gap Widens 27% in First 10 Months of Fiscal Year…

The U.S. budget gap widened further in July as federal spending outpaced revenue collection, bringing the deficit to $867 billion so far this fiscal year, a 27% increase from the same period a year earlier. The Treasury Department said Monday federal receipts rose 3% from October through July, totaling $2.9 trillion, while outlays climbed 8%, […]

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Tiny-Home Craze Spreads to Amazon…

Tiny homes are popular with millennials since their standard of living has collapsed. All thanks to insurmountable student loans, no savings, and gig-economy jobs that don’t pay the bills. Wzhgroup, a Chinese builder of container homes, has recently become a merchant on Amazon where they can ship a tiny, expandable container home within 3 to […]

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Florida Raking in Billions as Americans Abandon High-Tax States…

State governments can benefit greatly from an influx of movers – enjoying everything from increased tax revenues to new business activity. Recently, changes to the U.S. tax code have encouraged an increasing number of people to move – taking their cash to lower-tax states like Florida. As it turns out, however, Florida has been banking […]

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