“Isn’t This Industry a Scam!?”

This post “Isn’t This Industry a Scam!?” appeared first on Daily Reckoning. On Monday, we received a question in the Tomorrow’s Trends Today feedback box from Jerry in Wisconsin: “All you talk about is Marijuana investing! Isn’t this industry just a scam!?” Jerry echoes a statement we receive a lot, so let’s address it. The […]

0.2% Of Nasdaq Companies Accounted For 45% Of Its Recent Gains

Just five of the more than 2,500 companies in the Nasdaq Composite Index are largely responsible for Tuesday’s first-ever close above 6,000. The big five are Apple Inc., Amazon.com Inc., Facebook Inc., Microsoft Corp. and Alphabet Inc., Google’s owner. Together they accounted for about 45 percent of the Nasdaq’s rise from 5,500, reached on Jan. […]

Are Your Precious Metals Insured and Secured?

Safe Deposit Box Video Safe Deposit Box Video Maurice Jackson at Proven and Probable interviews Joel Kravitz, The Chief Operating Officer for Miles Franklin Precious Metals Storage. Source: Miles Franklin

Baltimore Millennials' "City Life" Narrative Starts To Crack

Via StockBoardAsset.com, In the Federal Reserve’s zero lower bound, the millennial generation in Baltimore has been flocking to the city on an illusionary premise of Baltimore’s revival. One of the largest narrative’s in Baltimore was Under Armour’s deployment of gentrification via Kevin Plank’s Sagamore Developments. The narrative has held strong for the past decade inducing millennials to […]

Republicans Consider New Obamacare Vote On Friday

Just an hour after Freedom Caucus Chairman Mark Meadows publicly announced that his conservative wing of the Republican party will now support a revised Obamacare replacement bill which incorporates the so-called MacArthur Amendment, Axios, quoting Republican Study Committee Chairman Mark Walker, is reporting that a new vote could be called for as early as this […]

House May Pass One Week Funding Bill To Avoid Shut Down As Negotiations Stall

It appears that contrary to expectations that Trump caving on the border wall would assure a US government shutdown is averted, Reuters reports the U.S. House of Representative could move soon to consider a stop-gap “can kicking” bill to fund the government for a week to avoid a shutdown at midnight on Friday and buy […]

Naysayer Reality Check: Waymo's Self-Driving Taxi Debuts In Phoenix, For Free

Authored by Mike Shedlock via MishTalk.com, Every time I do a post on self-driving vehicles, readers respond that it cannot happen and won’t happen for a decade, if ever. It’s time for a reality check. A quick check of my calendar shows we are not quite halfway through 2017. And a quick check of headline […]

Macron Booed, Jeered By Factory Workers In His Hometown After Le Pen "Ambush"

Chaotic scenes broke out during a visit by French presidential frontrunner Emmanuel Macron to striking factory workers in his hometown of Amiens. Macron was greeted Wednesday with jeers, boos and chants in favour of his far-right rival Marine Le Pen as he made a chaotic visit to the factory in northern France, after what Bloomberg […]

Mnuchin/Cohn Unveil Trump's "Biggest Tax Cut Ever" Tax Reform Plan – Live Feed

Having promised "the biggest tax cut in history," and seemingly desperate for a win (given his folding on the funding of the wall), one wonders why President Trump has delegated the announcement of his Tax Reform plan to Treasury Secretaty Steven Mnuchin and Chief Economic Advisor Gary Cohn. Reduction, repatriation, simplification, and de-itemization appear to […]

Freedom Caucus Confirms Support For Revised Obamacare Replacement Bill

Moments ago the House Freedom Caucus announced their support for a revised version of an Obamacare replacement bill that includes the so-called “MacArthur Amendment.”  Here is the official statement from Freedom Caucus Chair Mark Meadows: “Over the past couple of months, House conservatives have worked tirelessly to improve the American Health Care Act (AHCA) to […]

South Africa GDP per capita PPP

The Gross Domestic Product per capita in South Africa was last recorded at 12393.26 US dollars in 2015, when adjusted by purchasing power parity (PPP). The GDP per Capita, in South Africa, when adjusted by Purchasing Power Parity is equivalent to 70 percent of the world’s average. GDP per capita PPP in South Africa averaged […]

Trump Individual Tax Plan To Have 3 Brackets: 35%, 25%, & 10%

As the minutes tick by ahead of the announcement of "the greatest tax cut in human history," we are getting more information on the personal tax rates (something Treasury Secretary Mnuchin failed to mention earlier). As Fox News reports, in addition to raising deductions, the Trump administration will collapse the current seven-tier bracket system into […]

Canada Housing Regulator Warns Of "Strong Evidence Of Housing-Market Problems"

In an perculiar coincidence, just hours after Home Capital Group imploded in what we dubbed Canada’s “New Century” moment, Canada’s housing regulator, the Canada Mortgage And Housing Corporation, which describes itself as “contributing to the stability of the housing market and financial system” moments ago the CMHC issued a report, warning that there is “strong […]

Is This “Freedom and Democracy” or a Gestapo Police State?

Is This “Freedom and Democracy” or a Gestapo Police State? http://www.activistpost.com/2017/04/cops-detain-entire-school-illegally-searchgrope-900-kids-find-nothing-parents-furious.html The post Is This “Freedom and Democracy” or a Gestapo Police State? appeared first on PaulCraigRoberts.org. Source: Paul Craig Roberts

Bubble Alert: We've Passed 2007 and Are On Our Way to 1999

The US stock market is officially in a massive bubble based on the one valuation metric that cannot be faked. Corporations can engage any number of accounting gimmicks to juice their earnings, cash flow, and dividends… for this reason P/E, P/CF and P/DY ratios are all suspect when it comes time to value a corporations. […]

Flash News: Junior Miners Are Not Going To Implode

On Monday IRD published a reply to an article that was posted on Goldseek.com which theorized that capital was going to stop flowing to the junior mining stock sector because of the changes occurring at the GDXJ and JNUG ETF: No, The Junior Mining Stocks Are Not Going To Implode. In that reply I stated […]

Craig Hemke: Trump Feel-Good Financial Narrative Crumbling

April 26, 2017 Financial writer Craig Hemke is looking beneath the pie in the sky high stock market to the shaky foundation that is trying to hold up the so called “Trump Bump.” Hemke says the “generally accepted narrative” is failing and points out, “If we go back a couple Fridays ago, the March employment […]

Peso Plunges As White House Plans NAFTA Withdrawal Executive Order

The Mexican Peso is tumbling (and Loonie extending yesterday's timber-tariff-driven losses), as Politico reports, the Trump administration is considering an executive order on withdrawing the U.S. from NAFTA, according to two White House officials. Politico reports that a draft order has been submitted for the final stages of review and could be unveiled late this […]

Trump Now a Captive of the Deep State

Trump Now A Captive Of The Deep State Paul Craig Roberts When the gullible and insouciant American public and the presstitutes who participate in the deceptions permitted the Deep State to get away with the fairy tale that a few Saudi Arabians under the direction of Osama bin Laden, but without the support of any […]