Investors have been whiplashed so far this week and it’s only Wednesday morning. On Monday, the Dow rocketed ahead by 399 points. On Tuesday, it plunged by 299 points. What changed investor sentiment so dramatically in 24 hours? David Stockman, the former Director of the Office of Management and Budget under President Ronald Reagan who […]
Tough New Sanctions on North Korea…
In announcing new sanctions Friday against North Korea, President Trump made it clear that the communist nation will pay a big price for stockpiling nuclear weapons and long-range missiles that pose a threat to the U.S. and other countries. The president spoke to the Conservative Political Action Conference about the tough new sanctions designed to […]
Political Breakthrough Possible on the Korean Peninsula…
The Federal Government Can’t Account for $21 Trillion. Does Anybody Care?…
On September 10, 2001, then Secretary of the Department of Defense Donald Rumsfeld said that for the 1999 DOD budget, “According to some estimates, we cannot track $2.3 trillion in transactions.” The War On Waste The following day the US sustained the terrorist attacks that forever changed our world, and this startling revelation was largely […]
The 22 Agencies and Programs Trump’s Budget Eliminates…
U.S. Debt to Hit $30 Trillion in 2028 Under Trump Budget…
On Friday, with the US on the verge of another government shutdown and debt ceiling breach (with the agreement reached only after the midnight hour, literally) Moody’s warned Trump that he should prepare for a downgrade from the rating agency that refused to join S&P in downgrading the US back in August 2011. The reason: […]
IRS Overpaid Nearly $3.5B in Obamacare Tax Credits in 2017, Can’t Recoup Money…
The IRS overpaid nearly $3.5 billion in Obamacare tax credits last year that it cannot recoup because of constraints built into the program, frustrating Republicans who have failed to repeal the health care law but say that money could have been spent on programs for veterans or infrastructure. A Treasury watchdog said the government paid […]
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) […]
Did Bureau of Economic Analysis Sandbag Report on 4th Qtr U.S. GDP ?….
The U.S. Fourth Quarter GDP growth was reported two days ago at 2.6% and that stunned everyone who were expecting a much higher number. All U.S. economic indicators including U.S. Holiday consumer spending, which accounts for around two-thirds of total GDP, were off the charts in the fourth quarter growing +5.5% over the prior holiday. […]
The Mnuchin Massacre: Precious Metals Surge Amid Dollar’s Worst Start in 30 Years…
The Dollar was smashed with the ugly-stick today as Mnuchin’s comments sparked chaos in FX markets… and as precious metals surged and bond yields jumped… and stocks actually sank (briefly)… we were reminded by the mainstream media that a falling dollar is great for ‘Murica so buy the dip in stocks with all your money […]
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