For First Time Since World War II, "Right-Wing, Anti-Immigrant, Euroskeptic" Set To Become President Of AustriaSubmitted by Tyler Durden on 05/22/2016 11:49 -0400
One month ago, pro-European voices in Austria, and all of Europe, were suddenly muted when in the first round of the Austrian presidential election, Norbert Hofer head of Austria Freedom Party (FPO), described as a "Euroskeptic, right-wing, anti-immigrant party" crushed his opposition buoyed by a migration crisis that has heightened fears about employment and security across the continent, and gathered a whopping 35% of the vote leaving the other five legacy candidates far behind. Today, Austria holds the decisive, run-off round between Norbert Hofer and former Greens leader Alexander van der Bellen, which according to preliminary opinions polls was set to be a close vote... although probably not that close.
It’s happening! According to a new poll, Americans have finally maxed out their tolerance for “lesser evils” in presidential politics. The survey, published by independent research firm, Data Targeting, found a majority of Americans now want an independent candidate to take on Hillary Clinton and Donald Trump — two of the most disliked candidates in recent history.
Americans have never been fatter, but beneath the surface of the 'union', some states and ethnicities are more obese than others... and that is costing states billions...
Dear broke American consumers which once made up the world's most vibrant middle class: please stop being such a nuisance and source of confusion to nice Op-Ed columnists at the WaPo, the WSJ and, of course, the Fed and their $4.5 trillion in direct injections into the offshore bank accounts of America's wealthiest 1%, and instead go ahead and splurge all your savings on trinkets, gadgets and gizmos you don't need. Only that way will Obama's recovery be truly complete.
The Bushes have many fine qualities. Losing well, however, is not one of them. However, despite their still divisive plans not to endorse Trump this week; ultimately, the Great Unifier upon whom the Republican Party may reliably depend is the nominee of the Democratic Party - Director James Comey and his FBI consenting - Hillary Rodham Clinton.
This report goes on to document, essentially, that US President Barack Obama is continuing his efforts to replace the the only secular, non-sectarian government in the Middle East, that of the Ba’athist Party, which has always been the only non-religious political party in the Arab world – everything else in Arabia has been fundamentalist-Sunni, to at least some extent.
Despite the recent comparisons, Donald Trump and Ronald Reagan are very different when it comes to experience and views on fiscal policy.
As the make-or-break Indiana primary looms for the GOP establishment, Ted Cruz suffered a develishly-dismal day. First, as Gallup reports, Cruz's favorability has utterly collapsed in the last few days (blame Carly?) with 45% unfavorable to 39% favorable (a negative spread for the first time in his campaign). But it got worse, as not only does trump hold a commanding 15-point lead in Indiana, but the latest Rasmussen survey shows Trump (41%) ahead of Hillary (39%) for the first time as The Donald is now doing twice as well among Democrats as Clinton does among Republicans.
A new generation of revolutionary central bankers must be called to arms for all of our sake. Their battle cry: We commit to never returning rates to zero or below again, to never let be money be free and forever ensure there is a true cost associated with borrowing. Release the markets to set interest rates now and forever! Will it work? Stranger things have been known to succeed in capitalistic economies with competitive and freely functioning markets.
Confirming The Conference Board's earlier disappointment, it appears the American public is chock-full of "cynics" and "fiction-peddlers" as Gallup reports Americans' confidence in the U.S. economy reached its lowest weekly level so far in 2016, with 60% saying it is "getting worse."
The dangerous divergence will then take a nasty turn. The bottom half of the 1% will now be as angry as the 99%. Any attempt by the establishment to further screw the nation by bailing themselves out will be met with violent disapproval. The country is a powder keg. The upcoming election is guaranteed to inflame opposing factions. A stock market crash in the next six months would sow the seeds of financial, political, and social upheaval not seen in this country since the 1960s. The established social order will be swept away in a swirl of chaos and retribution. The dangerous divergence will be resolved.
With the Dow Jones industrial average near its record high, slightly more than half of Americans (52%) say they currently have money in the stock market, matching the lowest ownership rate in Gallup's 19-year trend. And the worst news for Yellen: "although Americans in all income groups are less likely to have stock investments now than before the Great Recession, middle-class Americans have been the most likely to flee the market"
Those that were hoping for an “economic renaissance” in the United States got some more bad news this week. It turns out that the U.S. economy is in significantly worse shape than the experts were projecting. Retail sales unexpectedly declined in March, total business sales have fallen again, and the inventory to sales ratio has hit the highest level since the last financial crisis. When you add these three classic recession signals to the 19 troubling numbers about the U.S. economy that we wrote about last week, it paints a very disturbing picture.
We were wrong: several minutes ago when we documented the collapse in the Gallup Economic confidence, we said that "we look forward to the UMich confidence report to beat expectations when it is released in just a few minutes." Moments ago the official print came out and it was not pretty: sliding from 91 to 89.7, not only did the print miss expectations of a rebound to 92.0, but was the lowest print since September 2015. The reason for the drop? Consumers reported a slowdown in expected wage gains, weakening inflation-adjusted income expectations, and growing concerns that slowing economic growth would reduce the pace of job creation.
It turns out that ordinary people are not as excited about the US economy as those who are cheerleading minimum wage job creation and market levels being close to all time highs, and certainly not as excited as that group of people called each month by either the Conference Board or UMich, the two far more closely tracked confidence indicators."Americans are confronted with presidential candidates using the economy as one of their talking points, mixed signals from national economic reports, volatility in the stock market and an apparent end of sub-$2 gas prices nationally -- all of which may be affecting their economic assessments."