White House

The Shocking Truth About How Barack Obama Was Able To Prop Up The U.S. Economy

Barack Obama is one of the biggest “Keynesians” of all time, but unfortunately most Americans don’t even understand what that means. By propping things up in the short-term, he has absolutely demolished our long-term economic future. But like most politicians, Obama has been willing to sacrifice the future for short-term political gain.

The Orwellian War On Skepticism

Under the cover of battling “fake news,” the mainstream U.S. news media and officialdom are taking aim at journalistic skepticism when it is directed at the pronouncements of the U.S. government and its allies.

House Quietly Passes Bill Targeting "Russian Propaganda" Websites

The House has passed H.R. 6393, a bill which calls for the government to target "Russian Propaganda" websites and "counter active measures by Russia to exert covert influence … carried out in coordination with political leaders or the security services of the Russian Federation"

Crisis Averted: China Calls Taiwan Phone Call A "Gimmick" As It Lodges Diplomatic Protest

Overnight, China foreign minister Wang Yi called Tsai's call with Trump "a little trick", or loosely translated in English as "gimmick", by Taiwan which would not change the one-China consensus in international community. He added that the "One-China" policy is the foundation for the healthy development of China’s relationship with the U.S.

The Propaganda About Russian Propaganda

Bogus news stories did flood social media throughout the campaign, and the hack of the Clinton campaign chair John Podesta’s e-mail seems likely to have been the work of Russian intelligence services. But, as harmful as these phenomena might be, the prospect of legitimate dissenting voices being labelled fake news or Russian propaganda by mysterious groups of ex-government employees, with the help of a national newspaper, is even scarier.

In Defense Of Trump's Deal With Carrier

While some have described Trump's approach as crony capitalism, if the terms of the deal really are limited to tax relief, such claims are baseless. While it is true that tax breaks for specific companies are less ideal than across-the-board cuts (or outright abolishment) of business taxes, they should not be confused with taxpayer subsidies. The underlying deal seems to reflect a larger commitment to addressing the corporate tax and regulatory burdens that have long held back the American economy.

Iran Furious After Obama Said To Extend Iran Sanctions; Oil Jumps To 2016 Highs

Until today, the White House had not pushed for an extension of the Iran sanctions act, but that changed moments ago when Reuters reported that Obama is expected to extend the Iran sactions, in effect not only jeopardizing his own Nuclear treaty, but also threatening to cut as much as 1 million barrels in Iranian oil output should Trump reimpose the full Iranian sanctions next year. In response oil jumped to new 2016 highs.

Intriguing Predictions On Trump's Plan For Federal Reserve

Trump’s picks so far are already garnering a lot of attention, but his choices for appointments relating to the economy could cause the biggest stir of all. As Trump and his new appointments rise to power, the Federal Reserve could be targeted for overdue changes and reforms. Let’s take a look at how the Trump administration may change the Fed.

Gross Echoes Gundlach, Says Trump Rally Is Misguided: "Move To Cash"

On the heels of Jeff Gundlach's "there's going to be a buyer's remorse period" warnings yesterday, the other 'bond king' has raised similar fears that the Trump rally is overdone (as are the prospects for growth behind it). Putting aside the book-talking as their bond portfolios suffer, Gross echoes Gundlach's "Trump's not the wizard of oz" comments, noting that the next president faces serious structural headwinds and warns investors "should move to cash," as any fiscal stimulus gains will be temporary at best.

Payrolls Preview: Unemployment Rate Expected To Drop (But Blame The Weather & Calendar If Not)

A series of stronger than expected data in recent days pushed Goldman Sachs to up their payrolls growth expectation to 200k (above the 180k expectations), but they note that while the unemployment rate is likely to drop (to 4.8%), average hourly earnings may disappoint. Of course, they add, any non-narrative-confirming misses on the data can likely be explained away by "weather effects and residual seasonality."