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Stocks Soar As Senate Budget Committee Advances Republican Tax Bill On Party-Line Vote

Stocks Soar As Senate Budget Committee Advances Republican Tax Bill On Party-Line Vote
Somewhat calming anxiety over the tax reform bill making it out of committee, Senator Ron Johnson confirmed he would vote 'yes' and a few minutes later, the budget committee had enough votes to advance the Republican tax bill. Stocks extended their gains, USDJPY spiked and gold dropped... All those North Korean nuke worries gone...   Stocks bounce to record highs...... Read More

America’s Extreme Social Fragmentation Exposed In 3 Simple Charts

America’s Extreme Social Fragmentation Exposed In 3 Simple Charts
Via MauldinEconomics.com, Analysts have been conducting studies since 1994, trying to discern political polarization. These three charts look at the years 1994, 2004, and 2017. Even as late as 2004, notice the broad crossover between the median Democrat and median Republican. And then notice how wide the divide is today. Not only are the median positions of both parties further... Read More

Ron Paul Asks “Will Tax Reform Increase Or Limit Liberty?”

Ron Paul Asks “Will Tax Reform Increase Or Limit Liberty?”
Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity, President Trump and the congressional Republican leadership recently unveiled a tax reform “framework.” The framework has a number of provisions that will lower taxes on middle-class Americans. For example, the framework doubles the standard deduction and increases the child care tax credit. It also eliminates the alternative... Read More

One Chart Explains What Bernie Madoff And Kentucky Public Pensions Have In Common

One Chart Explains What Bernie Madoff And Kentucky Public Pensions Have In Common
If Bernie Madoff taught us anything it's that every successful ponzi scheme requires precisely one critical component to keep it afloat: a steady stream of fresh capital to fund redemptions.  Absent that key component, even the most carefully crafted ponzi, with the best, most creative accounting fabrications in the world, will inevitably fail from a lack of real, cold, hard... Read More

These Maps Explain Who Really Caused Hillary’s Loss (Hint: It Wasn’t Angry, Sexist, Xenophobic, White Men)

These Maps Explain Who Really Caused Hillary’s Loss (Hint: It Wasn’t Angry, Sexist, Xenophobic, White Men)
Ever since election day Hillary and her former minions have attempted to reinforce a narrative that some combination of Russian hackers, James Comey and angry, sexist, xenophobic, white men were the cause of here staggering defeat in November 2016.  That said, a new study highlighted by the Washington Post (of all places) today, confirms that it very well could have... Read More

1 Million Ohio Public Employees Face Pension Cuts As Another Ponzi Teeters On The Brink

1 Million Ohio Public Employees Face Pension Cuts As Another Ponzi Teeters On The Brink
We've written frequently of late about the pension crisis in Kentucky where pensioners are facing potentially catastrophic benefit cuts as their politicians finally admit that they've been sold a fantasy for decades (see: Pension Consultant Offers Dire Outlook For Kentucky: Freeze Pension And Slash Benefits Or Else). Unfortunately, Kentucky is not unique as there is a never-ending stream of similar... Read More

Mauldin: Americans Don’t Grasp The Magnitude Of The Looming Pension Tsunami

Mauldin: Americans Don’t Grasp The Magnitude Of The Looming Pension Tsunami
Authored by John Mauldin via MauldinEconomics.com, Total unfunded liabilities in state and local pensions have roughly quintupled in the last decade. You read that right—not doubled, tripled, or quadrupled—quintupled. That’s nice when it happens on a slot machine, not so nice when it’s money you owe. You will also notice in the chart that much of that change happened in 2008. Why... Read More

“Dangerously Vague” – New US Law Blurs The Line Between Hate Speech And Hate Crime

“Dangerously Vague” – New US Law Blurs The Line Between Hate Speech And Hate Crime
Authored by Michael Rozeff via The Ron Paul Institute for Peace & Prosperity, Eleven years ago, this essay argued against hate-crime laws. One argument read “People can eventually be accused of hate crimes when they use hateful speech. Hate crimes laws are a seed that can sprout in new directions.” This has now come to pass, I am sorry to say. This... Read More

(What’s Left Of) Our Economy: The Real ‘Dreamer Fakeonomics’

(What’s Left Of) Our Economy: The Real ‘Dreamer Fakeonomics’
Authored by Alan Tonelson via Reality Check blog, If you’ve been following the heated national debate about President Trump’s decision to rescind former President Obama’s Deferred Action for Childhood Arrivals (DACA) program, you know that an economic conventional wisdom has been quickly established. It holds that, whatever you think about the legality, propriety, or morality of ending its legalization process... Read More

Germany Bans ‘Extremist AntiFa’ Website For “Legitimizing Violence Against Cops”

Germany Bans ‘Extremist AntiFa’ Website For “Legitimizing Violence Against Cops”
While over 300,000 Americans have signed a petition demanding the US government formally recognize AntiFa a terrorist organization (and some 'cells' calling for "all-out revolution"), the US mainstream media continues to provide cover for the violent leftist organization (as do college professors). However, in Europe, German authorities have banned the most influential AntiFa website in the wake of violence that... Read More