Yesterday, we started the day off looking at how conservative Democrats are joining with the Republicans to gut Dodd-Frank and set Wall Street free to rip off America and Americans again, Elizabeth Warren and progressive House candidates Austin Frerick (IA), Tim Canova (FL), Lillian Salerno (TX), DuWayner Gregory (NY), Ellen Lipton (MI) and Sam Jammal (C
BEIJING (Analysis) — The recent economic “correction” in the U.S. markets, which saw stocks drop back down from recent record-highs, has begun to spread to the east, reaching the stock exchanges in Tokyo, Taiwan and Shanghai.
Seventy five year old Wall Street investor and financial analyst Jim Rogers says he’s expecting another harsh bear market to come our way – and soon.
His reasoning for anticipating that it will be of catastrophic proportions lies in the fact that the global economy has accumulated such a large amount of debt since the 2007-2008 financial crisis. The recent correction in the stock market, with the Dow Jones industrial average posting its worst week in two years. Earlier in the session, the index was on track for its worst week since October 2008, during the financial crisis.
(COMMONDREAMS) — Bucking the wisdom of his predecessors—who operated on the knowledge that stock prices go up and down, all for a variety of reasons—President Donald Trump has not been shy about taking personal credit for the recent highs of the stock market, but with Monday’s historic drop on Wall Street the president has many people wondering if he’ll […]
There’s been lots of fire and fury around Washington lately, including a brief government shutdown. In Donald Trump’s White House, you can hardly keep up with the ongoing brouhahas from North Korea to Robert Mueller’s Russian investigation, while it already feels like ages since the celebratory mood over the vast corporate tax cuts Congress passed last year. But don’t be fooled: none of that is as important as what’s missing from the picture. Like a disease, in the nation’s capital it’s often what you can’t see that will, in the end, hurt you most.
Sometimes a party’s leader seems to symbolize an enduring malaise. For Democrats in 2018, that institutional leader is Tom Perez.
While serving as secretary of labor during President Obama’s second term, Perez gained a reputation as an advocate for workers and civil rights. That image may have helped him win a narrow election among Democratic leaders to become chair of the Democratic National Committee, with the backing of Hillary Clinton loyalists eager to prevent the top DNC job from going to Bernie Sanders supporter Rep. Keith Ellison.
In a blatant example of “do as I say, not as I do,” the US government is profiting handsomely by accepting marijuana cash in the payment of taxes while imposing huge penalties on banks for accepting it as deposits. Onerous reporting requirements are driving small local banks to sell out to Wall Street. Congress needs to harmonize federal with state law.
Lloyd George knew all about the deteriorating situation in Germany from War Cabinet meetings he had chaired throughout February 1919. …Continue reading →
So. The US economy is just fine. The post-recession 2010 Dodd-Frank legislation has cured all. Banks have lots of cash. Congress is your friend and that certain-to-pass Tax Cut and Jobs bill will finally allow you, your family and America to… MAGA.
Really?!
