
Are the Welfare-Warfare Chickens Coming Home to Roost?
• https://www.fff.org, by Jacob G. HornbergerDo you remember that big multi-trillion-dollar "stimulus" package that Congress enacted last spring and that President Trump signed into law?
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Do you remember that big multi-trillion-dollar "stimulus" package that Congress enacted last spring and that President Trump signed into law?
Alex Espinoza (Michigan Activist) comes in the RV studio to talk about why he and a friend decided they had had enough of the lockdowns/mask mandates and did something about it by making signs and holding them up while standing on a corner in his com
California is too broke to pay its pensions, but now wants to explore paying "reparations" to black people who were never slaves
In an unprecedented move on Tuesday, with Congress unable to reach a common ground on virtually any stimulus extension, the Centers for Disease Control and Prevention unveiled today it would temporarily - at least through the end of 2020 - suspend mo
While the U.S. is still in the midst of various stages of lockdown, data indicate that COVID-19-like illness (CLI) is on the decline.
The Alameda County Food Bank in Northern California is operating at a record rate, due to people losing their jobs from the COVID-19 shutdown.
"IT DOESN'T MATTER WHO WINS, THE DOLLAR IS GOING TO BE DESTROYED!"
As Congress and the Trump administration remain deadlocked in talks over the next coronavirus stimulus package, seven in 10 Americans (70%) say they would support the government sending an additional economic impact payment (EIP) to all qualified adu
Economics 101
Just like last month, the ISM surge was driven largely by New Orders which spiked from 61.5 to 67.6, the highest level since Jan 2004, and while employment continued to rise, from 44.3 to 46.4, it remains in contraction territory.
The central bank will no longer focus on keeping a lid on inflation. In his podcast, Peter Schiff said this policy will simply speed up the destruction of the dollar and the economy.
"It is important to remember that government interference always means either violent action or the threat of such action. Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and h
Insanity is doing the same thing over and over again, but expecting different results.
If there is just one chart that captures the unprecedented market moves observed not only since March, when the Fed threw aside any pretense of propping up equities and when the government launched a soft form of Universal Basic Income handing out be
Insanity is doing the same thing over and over again, but expecting different results.
The extremes are not visible to the vast majority of participants, and so they are exposed to high levels of risk they don't see or understand.
"If something cannot go on forever, it will stop."
Subprime Mortgages Fall Massively Delinquent Leaving Taxpayers On Hook As Housing Market Splits In Two
Back in June we said that as we had reported previously, with commercial real estate failing to benefit from the record rebound in overall risk since the March lows as a result of a tidal wave of retail bankruptcies...
"The current crisis response has made it painfully clear again that the Fed's policies benefit high income individuals and large corporations, while small businesses and low income individuals bear the burden."
"Never-Ending Monetary Accomodation": Here Is The Fed Warning About The Consequences Of What The Fed Just Did
...pending home sales up a stunning 15.4% YoY...the biggest annual jump since Oct 2012
CNN Business reports that Exxon, which was the world's largest company in 2013, is today being kicked out of the Dow.
Lenders do not want borrowers to skip payments until their loans are backed by the government, after which the lender no longer gives a damn...
Former hedge fund manager and entrepreneur James Altucher says New York City is dead and it's not coming back.
The disconnect between the all time highs in the stock market and the broader economy has never been greater (with even Janet Yellen, one of the main architects of this disconnect, agreeing), and one of the places where this chasm is most glaring, is
"Main Street Is Struggling Severely" - Nouriel Roubini Warns Wall Street Euphoria Ignores Main Street Crash
Misguided lockdowns have destroyed the global economy and the impact is likely to last for years.
The Coronavirus pandemic has upended the real estate market so far in unexpected and varied ways.
Despite the fact that Postmaster General Louis DeJoy has delayed his most controversial cost-saving measures until after the November vote...