Monday, August 8, 2016

Millennial 'Guru' Urges Millennials Living "Paycheck-To-Paycheck" To "Spend Now, Save Later"

The following five minutes of fantasy should blow most people's minds. On the one hand, a 'veteran' Wells Fargo asset manager urges Millennials living paycheck-to-paycheck to save "just $26 a week will get to $1 million... because time is on your side." And on the other hand is a Millennial 'guru' who proclaims Millennials should "spend now and save later..."

Is Something Wrong With Hillary: Bizarre Behavior, Seizure Allegations Raise Doubts About Her Health

CRFB Calculates What Donald Trump's Revised Tax Plan Will Do To US Debt

Moments ago the CRFB scored Trump's adjusted proposal, and found that as a result of the revisions to his tax plan, total US debt would increase by only $2.55 trillion over a decade, nearly five times less than his original proposal, and certainly a far more realistic number to pitch to America's conservatives.

A Crisis Of Intervention

"Dishonest money has created a culture of speculation out of ordinary producers and savers. As a result, we confuse financial markets for the source of our wealth." Perhaps at some point our central bankers will come to appreciate that wealth is not created by the printing of money. It is created by honest entrepreneurial endeavour, which is itself jeopardised by constant monetary intervention.

Lending Club Tumbles After CFO Resigns "To Pursue A New Opportunity"

Lending Club announced that Carrie Dolan resigned from her role as CFO to pursue a new opportunity. "Carrie was integral to Lending Club's maturity and growth over the past six years," said Scott Sanborn, CEO and President of Lending Club. "She approached us early this year about planning a transition, and in May the Board and I asked her to postpone her plans until we could navigate recent events."

Trump Vows To "Jump Start" Economy With "Tax Revolution"; Is Interrupted At Least 14 Times

In his first comprehensive speech laying out his vision for the US economy, Donald Trump presented a tax-slashing agenda which would seek to cut regulations, while blaming Hillary Clinton for America’s economic woes. Trump was interrupted at least 14 times by protesters, who tried to tempt him to depart from his prepared remarks and lash out at them in ways that would surely create more unwanted distractions for his campaign.

Bonds Bid, Stocks Skid As Crude Chaos Continues On Lowest Volume Day Of 2016

Ignore The Latest Jobs Data Hype: The Worst Expansion In 30 Years Continues

Expansions just keep getting weaker and weaker, and total payroll employment today is only 3.5% above what it was back in 2008 (compared to 20% growth from 1991 to 2000). Simply put, when we take discouraged workers and involuntary part timers into account, we're still experiencing some of the highest unemployment numbers in 20 years.

These Are The 10 Most Crowded Trades According To UBS

Hundreds More 'Non-Boots-On-The-Ground' American Troops Are Being Deployed To Iraq

Adding to the ever-growing number of US ground troops in the “no boots on the ground” war in Iraq, Army officials announced yet another significant deployment from the 2nd Brigade Combat Team of the 101st Airborne Division, from which some 400 troops will be sent to Qayara, just south of Mosul.

An Economic Myth Of Olympic Proportions

According to Olympic legend, hosting the Games is an economic boon for the chosen city and country. In reality, the Games are more often a boondoggle, as Rio de Janeiro is finding out.

ISIS Releases Photos Of Latest Batch Of Captured US Weapons

Over the weekend, militants linked to Islamic State released photos that purport to show weapons and equipment that belonged to American soldiers and were captured by the group in eastern Afghanistan.

August Corporate Bond Issuance Breaks All Records Thanks To Relentless Demand For Yield

It has been a scorching August for the continental US, with the government predicting, for the first time on record, that every square inch of all 50 states is forecast to see above-average temperatures for the next three months. However, that is nothing compared to what is taking place in the blistering bond market, where new bond issuance is on pace to blow away all records.

Oil Spikes (Again) On Another Idiotic OPEC Headline From Venezuela


Howard Kunstler Rages "Wake The F**K Up... Gravity Always Wins"

"...distortions in markets, currencies, and capital are spinning out in an ever broader, centrifugal gyre, coinciding, as chance would have it, with the most peculiar election in modern times. The incoherence and deceit on both sides is far beyond even the extravagant American norms of dauntless political bullshit. We literally have no idea what we’re doing in this country, or what we’re actually wishing for. The financial structures of everyday life look more fragile than ever. Gravity always wins."

Another Act Of "Microaggression" Against Millennials; When Will The Brutality End?

In the latest case of University Chancellors caving to the ridiculous demands of pampered Millennials, the University of Wisconsin-Stout is being forced to take down two paintings that have graced the walls of their Harvey Hall since 1936.

"Something Is Not Right"

Overall, the “mixed signals” backdrop that has been in evidence for quite some time continues to prevail. And yet, we can see that a number of data points remain quite weak or are deteriorating further (particularly RGPDI). Strong payrolls data are not a reliable indicator of future economic growth – and considering that money supply growth remains at more than 8% y/y, current economic data look actually exceptionally poor (normally more pronounced boom conditions would be expected). Any slowdown in credit growth will quickly sink the good ship US economy.

Video Captures Moment Of Horrific Suicide Bombing In Pakistan Hospital Which Kills At Least 70

A suicide bomber in Pakistan killed at least 70 people and wounded more than a hundred on Monday in an attack on mourners gathered at a hospital in the town of Quetta which has long been regarded as a base for the Afghan Taliban, whose leadership has regularly held meetings there in the past.  In May, Afghan Taliban leader Mullah Akhtar Mansour was killed by a U.S. drone strike while traveling to Quetta from the Pakistan-Iran border.

Hope Springs Eternal

Eventually, valuations will matter.

New Twist In Global Warming Madness: Olympic Records Won't Come Easy

Bloomberg writer Jessica Shankleman is willing to push global warming silliness up another notch with “politically correct” nonsense that Olympic Records Won’t Come Easy in Rio Because of Climate Change.

Bill Gates and George Soros Fund Monsanto and a World Depopulation Agenda

by S. D. Wells, Natural News:
Hitler had a depopulation agenda which he kept under wraps, until so many millions of people disappeared that the world started figuring out what was happening. What if he had come right out and announced his plan to create a master race and eliminate everyone else by shooting them in the head with two bullets, starving them to death, or putting them in gas chambers?
How many people around the world would have supported him and said they liked the idea of getting rid of all the “undesirables” and blaming them for all the world’s problems?
Read More

Google REMOVES PALESTINE From its Maps

from Hang The Bankers:
The Palestinian Journalists’ Forum has denounced Google for deleting the name of Palestine from its maps and replacing it with Israel.
In a statement released yesterday, the forum said Google’s decision to remove Palestine from its maps on 25 July “is part of the Israeli scheme to establish its name as a legitimate state for generations to come and abolish Palestine once and for all.”
“The move is also designed to falsify history, geography as well as the Palestinian people’s right to their homeland, and a failed attempt to tamper with the memory of Palestinians and Arabs as well as the world.”
Read More @


Ex-CIA, Ex-Goldman, Anti-Trump Republican Launches Independent Presidential Bid
from ZeroHedge:
On the day that Trump is set to unveil his economic plan, as Hillary’s post-convention bounce fades in the polls, Buzzfeed’s McKay Coppins reports that Evan McMullin – a CIA veteran and Goldman Sachs alum – is preparing to launch an indepedent presidential campaign. Several key players in GOP’s anti-Trump movement are behind this stunt effort…
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Iran Exposes Obama’s Lies: Airs Footage of $400 Million “Ransom” for Hostages

by Tim Brown, Freedom OutPost:
Obama has been owned and outed by Iran. The hostages have already described the the events on the ground. They sat on a plane not for mere hours, but overnight, waiting for a second plane filled with cold hard cash – like a mafia deal from the thug-in-chief.
The enemedia isn’t covering it – they have their hands full destroying Trump and promoting Iran nuke dealer Hillary:
[Hostage] SAEED ABEDINI: I just remember the night that we’ve been in an airport – you know – just take hours and hours there. And I asked one of the intelligence police heads that was with us – that why we were not letting us to go to the [inaudible] plane and he told me we are waiting for another plane. And if that plane takes off then we are going to let you go.
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