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Stockman Warns Of The Imperial City's Fiscal Waterloo

"The stand by Senators Lee and Moran was much bigger than putting the latest iteration of McConnell-Care out of its misery. The move rang the bell loud and clear that the Imperial City has become fiscally ungovernable. That means there is a chamber of horrors coming. With it, an endless political and fiscal crisis that will dominate Washington for years to come. Its cause is deep and structural."

Is The Real Dollar Pain-Trade Lower?

Trump’s inauguration proved to be the top, and it has been nothing but downhill since then. I am actually quite mad at myself, fading this consensus trade proved to be one of the greatest trades of 2017. Yet the interesting part of this extended move? No one is getting excited about it...

Gradually... And Then Suddenly

What do socialism and modern monetary policy have in common? Magical thinking. For both, it’s true on the giddy years up, and it’s true on the sad years down.

To Fix Healthcare, We Need To Repeal A Lot More Than Obamacare

If repealing Obamacare is really the goal, the GOP should instead focus on repealing and undermining the edifice on which Obamacare was built: the highly regulated, subsidized, and manipulated healthcare markets that dominate today.

Israel Rejects Cease-fire Deal Between U.S. And Russia In South Syria

 “The agreement as it is now is very bad” one senior Israeli official said. “It doesn't take almost any of Israel's security interests and it creates a disturbing reality in southern Syria. The agreement doesn’t include a single explicit word about Iran, Hezbollah or the Shi’ite militias in Syria.”

Will Whole Foods Be Amazon's Waterloo?

"What advantages does Amazon bring to the WF concept model? Pricing? Management? Logistics? I would argue they aren’t relevant. And actually, the mindset of current senior management at both companies are in for a culture shock that will surely be epic...I’ve seen it happen, and I know how they turn out. All I’ll say is this: not good."

Canadian Home Sales Crash In June

The Canadian Real Estate Association says home sales in June posted their largest monthly drop since 2010, with the Greater Toronto market leading the decline.