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Summers Warns “1000s Will Die” But Who Are The Real Winners & Losers From Trump’s Tax Reform?

While many in the 'resistance' have vociferously denounced the Senate tax reform bill in the last 48 hours, former Treasury Secretary Larry Summers took the proverbial biscuit by warning that "thousands will die as a consequence of this new tax bill." The Congressional Budget Office estimated that the tax bill could reduce insurance coverage by […]


Silicon Valley Exec Creates New Religion Worshipping A ‘Godhead’ Based On Artificial Intelligence

Authored by Michael Snyder via The Economic Collapse blog, I know that the headline sounds absolutely crazy, but this is actually a true story.  A Silicon Valley executive named Anthony Levandowski has already filed paperwork with the IRS for the nonprofit corporation that is going to run this new religion.  Officially, this new faith will […]


Why Australia’s Economy Is A House Of Cards

Authored by Matt Barrie via Medium.com, Co-authored with Craig Tindale. I recently watched the federal treasurer, Scott Morrison, proudly proclaim that Australia was in “surprisingly good shape”. Indeed, Australia has just snatched the world record from the Netherlands, achieving its 104th quarter of growth without a recession, making this achievement the longest streak for any […]


EPA Just Approved The Release Of ‘Weaponized’ Mosquitoes In 20 US States

The US Environmental Protection Agency (EPA) has just cleared MosquitoMate, Inc., a Lexington, KY based biotechnology company, focused on mosquito control deficiencies, invasive mosquito species, and important vectors of human diseases, to release it’s bacteria-infected mosquitoes in 20 US states and Washington DC. First released on Nature.com, On 3 November, the agency told biotechnology start-up MosquitoMate that it could release […]


Iran Urges Russia To Ditch The Dollar, Isolate America

Iran has suggested isolating the US by ditching the dollar during a meeting yesterday with Russian President Vladimir Putin in Tehran. Remonstrating against US threats to impose new sanctions and cancel the nuclear agreement, Ayatollah Ali Khamenei branded the US an enemy and urged Moscow to completely sever ties with the US currency: "By ignoring […]


‘Value Investing’ Deadpool

Authored by Kevin Muir via The Macro Tourist blog, I sure hope Julian Robertson is a Ryan Reynolds fan. And although I doubt the MacroTourist Letter is on the legendary hedge fund manager’s daily reading list, if he happens across this post, Julian (and the rest of you on the board) – know it was […]


FDA Approves Futuristic New Cancer Therapy, To Cost $475,000, Sending Biotechs Surging

The FDA on Wednesday opened a new era in cancer treatment, when it approved a landmark, futuristic new gene therapy-based approach to treat childhood leukemia, one which has produced unprecedented results in patients with the deadly cancer. Even the FDA called the approval “historic.” “We’re entering a new frontier in medical innovation with the ability […]