Main Street

Jim Kunstler Warns, America Is About To Become An "Even More Fragile Place"

"Am I the only observer wondering if Irma may be a fatal blow to the banking system? Urgent obligations triggered by an event of this scale can’t possibly be serviced. Look for it to snap the chain of counterparty leverage that has been propping up the banks, insurers, and pension funds on mere promises for year..."

Ohio Reporter Shot Without Warning For Photographing Routine Traffic Stop

In one of the more bizarre stories to hit national news this week, an Ohio sheriff's deputy is under investigation for shooting a local reporter who innocently set up a camera and tripod on a public sidewalk to document a routine traffic stop. What's more is the shooting took place in a small town where "everyone knows everybody" and the police officer and victim were actually friends.

Trump Tax Talk Preview: Light On Details, Heavy On Populism

"This won’t be a speech about specifics but instead about the case that we have to get growth faster and wages faster and get people to focus on that and the impact on workers’ take-home pay.  It’s about faster growth on the corporate side and making the individual side much simpler and easier.”

It's Can-Kicking Time Again In The Imperial City

"So we’ve officially entered the kick-the-can season. You can count on Paul Ryan to spin and misdirect in order to obfuscate what’s actually going on. The House Speaker is about to capitulate again to the nation’s fiscal doomsday machine. Expect clever maneuvers designed to hide the truth through yet another election cycle."

David Stockman On America's Goldman Sachs Regency

"Bannon on the outside will likely prove to be the Goldman Regency’s worst nightmare. There is not a chance that while he is back at Breitbart he’ll tolerate a “capitulation to the left” deal for even a New York minute."

The Great Disconnect: Markets Vs. Economy

"While the Fed keeps promising with each passing year the economy will come roaring back to life, the reality has been that all the stimulus and financial support can’t put the broken financial transmission system back together again. Eventually, the current disconnect between the economy and the markets will merge. My bet is that such a convergence is not likely to be a pleasant one."

Conspiracy Or Chaos?

“The main thing that I learned about conspiracy theory is that conspiracy theorists believe in a conspiracy because that is more comforting. The truth of the world is that it is actually chaotic. The truth is that it is not The Iluminati, or The Jewish Banking Conspiracy, or the Gray Alien Theory. The truth is far more frightening – Nobody is in control. The world is rudderless.