WallSt

Submitted by Eric Peters, CIO of One River Asset Management Spending: The Federal gov’t will spend $4.4trln in 2019 (21% of our $21trln GDP). 62% of our $4.4trln spending is on “mandatory” programs (Social Security $1,046bln, Medicare $625bln, Medicaid $412bln, plus income support, child tax credits, child nutrition, student loans, etc). 30% of spending is “discretionary” (Defense $886bln, Veterans $83bln, Health/Human Services $70bln, Education $60bln, Homeland Security $53bln, State Dept $40bln, HUD $30bln, Energy Dept […]

Long before BuzzFeed was publishing unverified dossiers and anti-Trump claims refuted by Robert Mueller, founder and CEO Jonah Peretti created a fake website and email address in the name of prominent gun rights advocate John Lott in order to spread disinformation. Peretti, then-director at Brooklyn-based technology nonprofit Eyebeam, used Lott’s name in 2003 to trick people into thinking that Lott had changed his mind on a key piece of gun-rights legislation that protected gun makers from abusive […]

Authored by Mark Jeftovic via Guerilla-Capitalism.com, Lately, we’ve suddenly been hearing a lot about Modern Monetary Theory (“MMT”) in the mainstream media. It could be that with the election of Alexandra Ocasio-Cortez to congress, MMT’s star will rise with hers as she is reportedly an adherent and possibly views MMT as a means to fund her Green New Deal. As we see below, MMT has been around for some time, having come out of the Chartalism school […]

As we explained last weekend, it’s not the Fed tightening – and curve flattening – that is the recession catalyst: it is when the Fed begins cutting rates, sending the yield curve sharply higher, that one should be worried as all three prior recessions followed within 3 months of the first rate cut after a hiking cycle: This is a critical distinction at a time when the Fed is contemplating not only ending its rate […]

The Pension Benefit Guaranty Corp (PBGC) said in a Friday press release that it believes Sears Holdings Corp’s “continuation of the plans is no longer possible” following the Company’s October bankruptcy, after it was revealed in a Friday filing that Chairman Eddie Lampert’s $5.2 billion rescue package does not include pension plans.  PBGC, a government agency, covers individuals’ pensions in the event a pension plan shuts down without sufficient funding to meet its obligations. The Sears pension […]

Authored by James Howard Kunstler via Kunstler.com, Coming Attractions “Last night I had a dream. You were in it and I was in it with you….” — Randy Newman As in this age of Hollywood sequels and prequels, America prefers to recycle old ideas rather than entertain new ones, so you can see exactly how the 2020 presidential election is shaping up to be a replay of the Great Depression, with Roosevelt-to-rescue! — only this […]

Over the weekend, China’s statistics bureau announced a significant dip in the country’s birth rate with the number of babies born in China last year falling by 2 million to the lowest annual rate since the country was founded in 1949, despite Beijing’s recent attempts to encourage couples to have more children. In 2016, China partially ended its one-child policy to allow couples to have two children, but as we warned repeatedly since then, the […]

On Monday, the Netherlands Vehicles Authority, which has regulatory authority on behalf of the EU, said the Model 3 met requirements for European roads. Read on Marketwatch

A police officer in Florida ran over two people lying on a dark road to watch the lunar eclipse, leading them requring hospital treatment. The West Palm Beach Police Department has confirmed the officer ran over the two people, who were taken to the hospital and treated for non-life-threatening injuries after the incident on Sunday night. Police said that the individuals, who have not been identified, were hit around 11.30pm, just at the height of […]

Just when you thought your blue-pilled perception of the world couldn’t take another red-pilling reality check – after Buzzfeed’s lies and mainstream media’s Covington Catholics chaos – it turns out that the man wondering quietly across the concourse before ‘not being accosted’ by young MAGA-hat-wearing teens is not some hapless native American… It turns out that Nathan Phillips is raising money with the help of a major big-money left-wing operation, and has a history of […]