• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

Oklahoma

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Oklahoma Prepares To Impeach Obama Over Transgender Bathrooms





Oklahoma's Republican-dominated legislature has filed a measure calling for President Barack Obama's impeachment over his administration's recommendations on accommodating transgender students, saying he overstepped his constitutional authority. Lawmakers in the socially conservative state are also expected to take up a measure as early as Friday that would allow students to claim a religious right to have separate but equal bathrooms and changing facilities to segregate them from transgender students.

 
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Is Mitt Romney On A Suicide Mission?





“It’s a suicide mission,” said the Republican Party Chairman. The Romney-Kristol cabal is Hillary Clinton’s fifth column inside the Republican Party.

 
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"We Should Be Concerned" - Stock Buybacks Plunge Most Since 2009





After snapping up trillions of dollars of their own stock in a five-year shopping binge that dwarfed every other buyer, U.S. companies from Apple Inc. to IBM Corp. just put on the brakes. Announced repurchases dropped 38 percent to $244 billion in the last four months, the biggest decline since 2009, data compiled by Birinyi Associates and Bloomberg show. “If the only meaningful source of demand in the market is companies buying their own shares back, then what happens if that goes away?” asked Brad McMillan, CIO of Commonwealth “We should be concerned.”

 
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#FatLivesMatter - America's Most Obese States





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...

 
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California Fault Lines Are "Locked, Loaded, & Ready" For The Big One, Expert Warns





The San Andreas fault is one of California's most dangerous. While the last big earthquake to strike the southern San Andreas was in 1857, as LA Times reports Thomas Jordan, director of the Southern California Earthquake Center, explained this week "the springs on the San Andreas system have been wound very, very tight. And the southern San Andreas fault, in particular, looks like it’s locked, loaded and ready to go."

 
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Where Does The U.S. Get Its Oil?





Ever wondered where the United States imports its oil from? Howmuch.net came out with some infographics to show that from 2000 to 2015. What we would highlight here is the notable shift from the U.S. depending heavily on Middle East countries and Mexico, to depending more on America's neighbor to the north, Canada.

 
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Are Central Banks Running the Oil Market or Just the World?





Central bankers have the unchaperoned power to create the greatest fortunes ever known to mankind at will and to invest that money wherever they want. With trillions of dollars at their disposal and trillions more whenever they want to conjure it into existence, what is to stop them from controlling the oil market just as they have stocks and bonds?

 
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Not Interested: 4.5 Million Voters Sit Out Democratic Primaries





For the past few months, we have been shown the massive crowds of millennials flooding Bernie Sanders rallies, and the dyed in the wool democrats who have been flocking to Hillary's. The narrative has been that the Democrats have really generated some enthusiasm this year that hasn't been seen in the past. As is often the case, however, propaganda is much different than reality.

 
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Largest U.S. Health Insurer Is Done With Obamacare: UnitedHealth To Exit Most State Exchanges





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."

 
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Obamacare Exodus Accelerates: After Georgia And Arkansas, Biggest Health Insurer Exits Michigan And Oklahoma





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

 
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Chesapeake Forced To Pledge Entire Company As Collateral To Preserve Existing Credit Facility





Today the stock of CHK is surging following the good news that contrary to some expectations, it did not lose access to its $4 billion line of credit. However, that came at a cost: to preserve its full $4 billion availability, Chesapeake was forced to pledge almost all of its natural gas fields, real estate and derivatives contracts. In addition to most of its gas and oil reserves, Chesapeake pledged as collateral all hedge contracts, property, deposit accounts and securities, subject to certain undisclosed carve-outs, according to the regulatory filing. In other words, the entire company.

 
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19 Facts That Prove Things In America Are Worse Than They Were Six Months Ago





While we all very capable of discerning the 'recovery' facts from the peddled recovery fiction throughout President Obama's reign, a close up over the last six months suggests things are getting worse in a hurry. As The Economic Collapse blog's Michael Snyder details, while most people seem to think that since the stock market has rebounded significantly in recent weeks that everything must be okay, that is not true at all.

 
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Frontrunning: April 7





  • U.S. readies bank rule on shell companies amid 'Panama Papers' fury (Reuters)
  • Co-Founder of Mossack Fonseca Defends Law Firm at Center of ‘Panama Papers’ (WSJ)
  • Fed's Cautious Approach on April Rate Hike Raises Stakes for June (BBG)
  • Dollar sinks again after Fed remains cautious (Reuters)
  • New Tax Rules on Inversion Deals Are Met With Protest (WSJ)
  • Fed Chairs Since 1979 Offer Peek Into Central-Bank Philosophy (BBG)
 
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