"I have certain rules that I live by... My first rule - I don't believe anything the government tells me." - George Carlin
The banquet of consequences is about to be served.
Is the establishment's fervent hatred of Donald Trump starting a U-turn? It's still too early to know, however at least one core Republican, former house speaker John Boehner, has made it very clear he is not a fan of Ted Cruz. At all. So much so that according to NBC the former Republican House Speaker told an audience at Stanford University Wednesday that the Texas senator is "Lucifer in the flesh" and a "miserable son of a bitch... I have never worked with a more miserable son of a bitch in my life."
what did they spend the most amount of money on? The answer, drumroll.... Recreational goods and vehicles. Not cars, which actually were a huge negative to Q1 GDP growth, reducing the headline consumption number by $13.4 billion nominal, but recreational vehicles, and other sundry related goods, which amounted to to $11.3 billion in Q1 spending.
The endless bleating of well-paid pundits in the corporate media about "reform" is just more circus designed to distract us from the much colder truth: the status quo is beyond reform. The choice is either collapse or well, collapse: letting the status quo strip-mine the bottom 95% will eventually lead to collapse and so will structural reforms that deprive the few of their power to create near-infinite sums of money and credit for their cronies.
There really are “two Americas” in 2016, and they are getting farther and farther apart with each passing year. On the one hand, you have lots of people smiling in New York City these days because of the stock market boom, and property values have soared to ridiculous levels in San Francisco because of the tech bubble. But in between the two coasts there are vast stretches of forgotten people that the U.S. economy has left behind.
To gauge the degree and duration of the manufacturing slowdown, turn to semiconductors, which are the primary and early component in all things manufactured. That, plus other factors, make semiconductors an excellent leading indicator.
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.
The standard narrative we are told by the government and their lapdog media is that tax avoidance is something that self-centered rich assholes do so that they can buy more Ferraris. This is complete propaganda. Taking legal steps to reduce what you owe is all about ensuring that your labor goes to the causes that YOU believe in, rather than funding spy agencies and bombing raids on children’s hospitals.
The biggest catalyst for overnight markets, first reported on this site, was the announcement by Kuwait that its oil workers had ended their strike which disrupted oil production in the 4th largest OPEC producer for 3 days cutting it by as much as 1.7 mmb/d, and had served to offset the negative news from the Doha debacle. Kuwait Petroleum also added that it would boost output to 3m b/d within 3 days, which in turn has pressured the price of oil overnight, and the May WTI contract was back to just over $40 at last check, sliding 2%. Not helping things was a very dejected Venezuela oil minister Eulogio Del Pino who said at a conference in Moscow that he sees oil prices returning to lows in 3-4 weeks if oil producers can't make a deal. For now the algos - and central banks - disagree.
UnitedHealth made its divorce with Obamacare complete when it announed plans to exit most of the Affordable Care Act state exchanges where it currently operates by 2017. During a conference call with analysts Tuesday, CEO Stephen Hemsley noted that "next year we will remain in only a handful of states."
It goes without saying that if the people of any country want something done efficiently, and in the most cost-efficient manner, they do it themselves or outsource it to private third-party service providers, instead of entrusting it to a bunch of bureaucrats and unmotivated government workers. Finally, airports in the United States are starting to come to that realization as well. So far, private security agents monitor at least 22 airports in major cities like San Francisco and Kansas City. The latest airport to replace the TSA is the Punta Gorda Airport in Florida.
Obamacare Exodus Accelerates: After Georgia And Arkansas, Biggest Health Insurer Exits Michigan And OklahomaSubmitted by Tyler Durden on 04/18/2016 15:36 -0400
Two weeks ago it was Georgia and Arkansas, then over the weekend Michigan, and moments ago UnitedHealth, the largest US halth insurer announced it would exit the Michigan And Oklahoma Obamacare markets. This is just the beginning
Here's the math: across the nation, the median rent for a two-bedroom apartment is $1,300, according to Apartment List. So a 3.7% rent rise, or about $48, which means that just the official rise in asking rent prices... swallowed the entire salary "gain"of $48 in after tax dollars. Oh and that excludes Obamacare: as the government also reported, medial bills soared, in fact in February, medical care grew at the fastest rate in more than three years.
“Truth is treason in the empire of lies.” – Ron Paul