Paul Ryan Finally Folds, Will Vote For Donald Trump

"For me, it’s a question of how to move ahead on the ideas that I—and my House colleagues—have invested so much in through the years. It’s not just a choice of two people, but of two visions for America. And House Republicans are helping shape that Republican vision by offering a bold policy agenda, by offering a better way ahead. Donald Trump can help us make it a reality."

  • Jun 2, 2016 5:01 PM

It's Like Magic: Obama Calls For More "Generous" Social Security Benefits

“And not only do we need to strengthen its long-term health, it’s time we finally made Social Security more generous and increased its benefits so that today’s retirees and future generations get the dignified retirement that they’ve earned... We could start paying for it by asking the wealthiest Americans to contribute a little bit more.

  • Jun 2, 2016 4:46 PM

Just Three Things

Historically speaking, it is unlikely that with reported earnings early in the reversion process that we will see a sharp recovery in the second half of the year as currently expected by the majority of mainstream analysts. As long as the Fed remains accommodative, the deviation between fundamentals and fantasy will continue to stretch to extremes. The end result of which has never “been different this time.”

  • Jun 2, 2016 4:30 PM

Hillary Clinton Proves Democrats No Longer Oppose Endless Wars

She hasn’t yet been coronated, but Hillary Clinton is surely about to win the Democratic nomination. Sure, Sen. Bernie Sanders has given her an amusing amount of trouble, but she’s got this thing in the bag, because she’s got party loyalty, and she may even win the hearts of a few lost, sad little neocons running away from Donald Trump. Clinton also has the nomination because war doesn’t bother Democrats. They like to think it does, when they remember it exists, but they will risk no political capital whatsoever on making sure it stops, or making sure a warmongering candidate isn’t nominated or elected. During the last few decades, any semblance of an antiwar movement has withered under Democratic presidents.

  • Jun 2, 2016 3:55 PM

How The "Rest" Of America Lives: Wanting For Work, Buried In Debt

The flyover zones of America are wanting for work and buried in debt. That’s the legacy of three decades of Washington/Wall Street Bubble Finance. The latter has exported jobs, crushed the purchasing power of main street wages and showered the bicoastal elites with the windfalls of financialization. In short, Wall Street loves financial repression because it inflates financial asset values and fuels debt-funded gambling in the casinos. But it’s the opposite of what’s needed in flyover America.

  • Jun 2, 2016 3:25 PM

Rate Hike "Cycle" Remains Unlikely

If the Fed does manage a mid-year rate hike – which itself is uncertain – that would amount to the longest gap on record between the first and second rate hikes. A full-fledged rate hike cycle comprised of a succession of rate increases remains unlikely in the absence of a GRC upturn, which is not on the horizon. Furthermore, a recession starting late this year or early next year cannot be ruled out. Thus, rate cuts remain on the table over the coming year. Meanwhile, prospects for further rate hikes may run into other difficulties, given the global economic outlook.

  • Jun 2, 2016 3:00 PM

It's Time To Ditch 4 Years Of Costly College For Directed Apprenticeships

So it turns out sitting in a chair for four years doesn't deliver mastery in anything but the acquisition of staggering student-loan debt. Practical (i.e. useful) mastery requires not just hours of practice but directed deep learning via doing of the sort you only get in an apprenticeship.

  • Jun 2, 2016 2:17 PM

July Odds Jump To Highest Ever As Fed's Kaplan Fears "Distortions", Says "Makes Sense To Hike"

While June rate-hike odds slide, July's conditional probability of a hike is surging to 48% - its highest since the end of QE3 following Dallas Fed's Robert Kaplan's comments that "rates this low can cause distortions," adding that the US economy is "getting to the point where it makes sense to hike rates."< But trhen again, he also warns "we need to be prepared for Brexit," given The Fed their excuse to do nothing once again.

  • Jun 2, 2016 1:32 PM

As Oil Revenues Dry Up, ISIS Adapts Quickly With "Religious Tithes"

The Islamic State (ISIS) has been making up for its oil profit losses by increasing the taxes it levies on the people living on territory it still controls. Despite the drops – reportedly caused by the international military coalition’s attacks on the group’s oil strongholds, “ISIS remains the richest terrorist organization on the planet.”

  • Jun 2, 2016 1:20 PM