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Surging Household Debt Is Forcing More New Yorkers To Rely On Food Pantries

As US stock benchmarks smash through one record high after the next – a central-bank driven phenomenon that disproportionately benefits the wealthy at the expense of the middle-class and working poor – booming credit-card debt is forcing more New Yorkers to seek assistance at the city’s food pantries this holiday season, according to a report […]


About That Sensationalist Bitcoin Electrical Consumption Story

Authored by Charles Hugh Smith via OfTwoMinds blog, Check the context before uncritically accepting sensationalist conclusions. Let's start with a primer on how to write a sensationalist story that can be passed off as "journalism:" 1. Locate credible-sounding data that can be de-contextualized, i.e. sensationalized.   2. Present the data as "fact" rather than data […]


Great News From McKinsey: Robots Will Take 800 Million Jobs Worldwide By 2030

Stories about robots taking over from humans have become prevalent. Recently we’ve written about a new Manhattan Shake Shack replacing human cashiers with robots, killer robots (a.k.a. lethal autonomous weapons systems), a Californian real estate company replacing commission-based human agents with robots, a cocaine workshop in Brazil with robots packing 150,000 baggies a day and […]


Corporate Tax Cuts: “The Seen & The Unseen”

Authored by 720Global's Michael Lebowitz via RealInvestmentAdvice.com, Since Donald Trump was elected President, the S&P 500 has rallied over 21% or nearly 500 points. In our opinion, a good portion of the gain is attributable to his promise, as well as congressional efforts, to reform the tax code. In particular, the proposed sharp reduction in […]


Eat Gold

Submitted by BullionStar.com A popular phrase in segments of the mainstream financial media is that “You Can’t Eat Gold”. We don’t know who first uttered this comment, but it was more than likely a talking-head or Wall Street analyst on CNBC or Bloomberg. The disparaging claim seems to be based on concluding that in a […]


Kellyanne Conway Will Be White House Opioid Czar

President Trump is finally acquiescing to his opioid commission’s recommendation that he swiftly appoint an “opioid czar” to coordinate the federal government’s response to the rapidly worsening opioid epidemic. And his pick is: Former campaign manager and West Wing strategist Kellyanne Conway, according to Buzzfeed. The pick is significant: Thanks to her frequent television appearances […]


Meanwhile, South Korean Industrial Production Crashes

With South Korean stocks soaring in the face of nukes from their northern neighbor and a credit-crunching China, it appears the South Korean economy just caught down to reality… South Korean Industrial Production crashed 5.9% YoY in October – the biggest plunge since Feb 2013 – driven by a 17.5% collapse in auto production. Economists […]


In Critical Test Of Tax Reform Bill, Senate Narrowly Approves Motion To Start Debate With 52-48 Vote

Update (5:55PM EST): After a full day of debating the GOP tax reform bill, the Senate has now approved a motion to…drum roll please…debate the GOP tax reform bill.  As we detailed below, this was the first big test for the GOP’s tax bill before the entire Senate and it narrowly passed with a vote […]


McDonald’s Bun-Supplier Loses 35% Of Staff To Immigration Raids

President Trump has made it widely known that he will not tolerate sanctuary cities like Baltimore, Chicago, Los Angeles, and New York. Since taking office, he has threatened to slash federal funding to cities who do not comply with federal immigrations laws, along with ICE agents circumnavigating local authorities in a nationwide federal operation to […]


A. Gary Shilling: Trump Deserves Some Credit For The Surge In Stocks

Authored by A. Gary Shilling via Bloomberg.com, Less regulation is one campaign promise made by the president that is coming true… Reducing government regulation is tough. It’s resisted by all those who benefit, including government employees who administer the many programs. Every president since Jimmy Carter has attempted to lower the cost of regulation. At […]


Sex Toys, Penis Shots, & Sexting: Details Emerge About Matt Lauer’s Sexual Harassment

The details of the sexual harassment complaints against former Today Show host Matt Lauer have finally emerged, and even by 2017 standards, they are pretty remarkable. But perhaps more disturbing than the details of the actual harassment is the fact that – like the executives at Weinstein Co. and ABC News – the brass at […]


Christmas Crisis: 15,000 American Air Flights Without Pilots Over Holidays Due To “Glitch”

A computer error means millions of Americans may be stranded over the coming holidays as some 15,000 American Air flights in the second half of December have no pilots assigned, Reuters reported with the Allied Pilots Association labor union explaining that a “glitch” in the system that bids for pilots’ time off based on seniority […]


FANG Shareholders Lost Almost 20 Times More Than Bitcoin Investors Today

While all eyes were told to focus on the cryptocurrency chaos over here… the widely-owned 'no-brainers' FANG stocks suffered total losses that were almost 20 times larger than the 'losers' in Bitcoin… At the end of the day – amid all the turmoil – Bitcoin ended the day down over $3 billion in market cap… […]


Turmoil…

GDP surged above expectations, Matt Lauer fired, Crude carnage, Semis slaughtered, Momo massacred, Nasdaq knackered, Precious metals pummeled, Bond bloodbath, and Bitcoin bounced and trounced… But everyone loves Trannies!   Spot the odd one out… (biggest divergence between Transports and Nasdaq since Nov 2009) – Dow and Small Caps closed at record highs…   Futures […]


Trump Tweets About “Unsolved Mystery” Of Joe Scarborough’s Dead Intern After Matt Lauer Fired

Content originally published at iBankCoin.com Oh no he didn’t… OH YES HE DID… After Matt Lauer was fired today for “inappropriate sexual behavior in the workplace,” pinching Katie Couric’s ass and whatnot, President Trump took to Twitter to sling some tomahawks at the MSM “opposition party” today. In addition to slamming Lauer, Trump suggested people “Check out Andy […]