In 2015 CTH outlined how candidate Donald Trump’s proposals were in-line with those who had long argued for a return of “economic nationalism”. We also outlined when those proposals (now policy) are implemented, Fed action would be essentially irrelevant. The Federal Reserve is pegged to the Wall Street Economy. President Trump’s policies are pegged to […]
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Chinese Aluminum Billionaire Indicted in $1.8 Billion Tariff Evasion Scheme…
We previously outlined Mr. Zhongtian Liu [HERE] as part of the early 2018 explanation for how China was exploiting the NAFTA loophole as an end-run around tariffs. Today the Central District of California U.S. Attorney announces his indictment – “A federal grand jury indictment unsealed late Tuesday alleges a complex financial fraud scheme in which […]
Capital One Says Breach Hit 100 Million Individuals in U.S….
Capital One Financial Corp. said data from about 100 million people in the U.S. was illegally accessed after prosecutors accused a Seattle woman identified by Amazon.com Inc. as one of its former cloud service employees of breaking into the bank’s server. While the complaint doesn’t identify the cloud provider that stored the allegedly stolen data, […]
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U.S. Files Lawsuit Against Bitcoin Exchange That Helped Launder Ransomware Profits…
The US Department of Justice has filed a civil lawsuit seeking to recover more than $100 million from a notorious cryptocurrency exchange that has helped cyber-criminals launder stolen funds, such as those obtained from ransomware payments, dark web drug marketplaces, and funds from hacked cryptocurrency exchanges. In a lawsuit filed on Friday, July 26, the […]
The Federal Government Sold Your Social Security Number for Five Dollars…
Do you remember back in 2017 when Equifax (the giant consumer credit agency) admitted that it had been breached? Hackers broke into Equifax’s databases and stole personal and financial records of 147 million people. And we’re talking EVERYTHING– names, addresses, Social Security Numbers… all the ingredients that an identity thief needs to destroy your life. […]
Here it Comes: The Most Important Week of The Year…
The “most important week of the year” is finally here, when in addition to an avalanche of economic data including US payrolls, European PMIs, BOE and BOJ announcements, and the restart of US-China trade talks, we are in for a historic treat with the Fed set to cut rates for the first time in over […]
OPINION: Here’s Why the Soft GDP Report Is a Head Fake and the Economy Actually Had Its Best Growth in a Year…
Contrary to what you may read elsewhere, the U.S. economy did not slump in the second quarter of the year. True, real gross domestic product slowed to a 2.1% annual pace from 3.1% in the first quarter, but as I’ve reported before, GDP is a poor measure of the economy’s health over the short or […]
Secretary Wilbur Ross Discusses GDP Release, USMCA, China Trade and U.S. Tariffs…
Commerce Secretary Wilbur Ross appears with Charles Payne to discuss the latest economic data and the Q2 GDP release. Within the interview Secretary Ross explains the information behind the data; the status of the USMCA and Pelosi’s motives to delay ratification; the baseline for the U.S-China trade discussions, and the position of the administration to […]
82% of Wall Street Bank Analysts Have a Buy Rating on Citigroup: Run for Cover…
If you are buying stocks based on what your stockbroker (a/k/a “financial advisor”) is telling you the research analysts at his brokerage firm are recommending, our headline above should provide a cautionary warning. On July 21, Philip Van Doorn, a reporter for Dow Jones’ MarketWatch, published a chart showing that 82 percent of bank research […]
India Ambassador Praises House for Outsourcing U.S. College Jobs to Indian…
“I must compliment the U.S. House of Representatives for adopting the Fairness for High Skilled Immigrants bill which removes country caps on the H1B visas,” Indian ambassador Harsh Shringla told a D.C. meeting of lobbyists and advocates on Tuesday. He continued: “I think this is an important initiative. We have worked with congressmen across the […]
It’s Over: The Democrats and the Republicans Are Both Conspiring to Bankrupt America and Destroy Our Future…
Both major political parties are working together to destroy America’s financial future, and most Americans don’t seem to care. Once upon a time, the Republicans were considered to be “the party of fiscal responsibility”, but now they are just as bad as the “free spending” Democrats. As you will see below, a “compromise” budget deal […]
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Here’s Where Millennial’s Are Moving Too…
Haven Life Insurance Agency LLC (Haven Life), an online life insurance agency, conducted a new study that reveals from 2012 to 2017, millennials moved to large metropolitan areas that already had large concentrations of them. The survey noted that millennials are living a life of luxury in expensive neighbors with high wages, rising home prices, […]
Trump and Congressional Leaders Reach Sweeping Budget Agreement…
White House and congressional leaders on Monday clinched a sweeping fiscal deal to lift the nation’s debt limit and dramatically raise federal spending levels. The agreement, negotiated by Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin, is expected to clear both chambers before the August recess — alleviating pressure ahead of a slew of high-stakes […]
Sen. Chuck Grassley Denounces ‘EB-5’ Giveaway to China Hidden in India Outsourcing Bill…
Iowa Sen. Chuck Grassley is throwing a flag on the stealth push by technology investors to expand the unregulated U.S.-India outsourcing economy. The business-backed bill to expand the binational outsourcing economy, titled HR.1044, quadruples the supply of valuable green cards to Indian workers who agree to take college-level jobs from American graduates. On July 10, […]
McConnell: Congress Will Eventually Raise the Debt Ceiling…
Congress will raise the nation’s debt ceiling, as the United States will never be allowed to default on its debts, Senate Majority Leader Mitch McConnell said, adding that reaching a deal between President Donald Trump and House Speaker Nancy Pelosi would be the best option to prevent chaos and the potential of shutdowns. The deal, […]
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White House Projects $1 Trillion Deficit for 2019…
The White House Office of Management and Budget (OMB) projected in its midyear review Monday that the federal deficit would surpass $1 trillion this year. It’s the first time the U.S. deficit has exceeded the $1 trillion level since the 4-year period following the Great Recession. When President Trump was a presidential candidate, he promised […]
Disney Heiress Makes Undercover Visit to Disneyland and Discovers Staff Have to ‘forage for food in the garbage’…
The heiress to the Disney fortune was left horrified after an undercover visit to the company’s flagship theme park laid bare the desperate poverty of the staff working there. Abigail Disney decided to tour California’s Disneyland incognito after receiving a Facebook message from an employee who was struggling to make ends meet. Since discovering the […]
IMF Outlines “Global” Danger from Trade War with President Trump…
An article from Reuters discussing the position of the International Monetary Fund (IMF) is interesting. Essentially the IMF is warning that “global economies” will contract by $455 billion next year due to the ongoing trade conflict between the U.S., China, the EU and to a lesser extent, Japan. Yes Alice, there are hundreds of billions […]
Strong U.S. Retail Sales Boost Economic Outlook…
U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment. The report from the Commerce Department on Tuesday did not change market expectations that the Federal Reserve will cut interest rates this month for the […]
U.S. Has ‘very serious concerns’ that Facebook’s Cryptocurrency Libra Could Be Misused by Terrorists…
Treasury Secretary Steven Mnuchin has concerns about Facebook’s proposed cryptocurrency and its potential illicit use. In a press conference Monday, Mnuchin said Facebook’s planned digital currency “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.” “Cryptocurrencies such as bitcoin have been exploited to support billions of dollars […]
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