Lies of the Beholder: Biden Congratulates Ukraine for 'Success' as Prime...
When the going gets tough for politicians, the politicians do what they do best: Declare success smack in the face of a resounding defeat. Today, Ukraine’s Prime Minister Arseniy Yatseniuk resigned,...
View ArticlePeak Preowned: Used Car Inventory Hits Record Level; Congratulations, You Are...
Hot on the Lot Auto manufacturers finally stuffed every dealer’s lot full of cars just as a glut of used cars hit record levels. In an effort to dump the high and rising number of cars, dealers are...
View ArticleDilbert Founder Proposes 'Creating a Low-Cost Life'
“Candidates for President of the United States talk about taxes and budgets and social services. But no one ever talks about lowering the cost of living. And that could be a big omission because...
View ArticleHollande Raked Over Coals by Left, Right, Students, Journalists in Live...
French president Francois Hollande was grilled by literally everyone in a 90 minute live presentation. No one is happy. The reformists and businesses want more reform. The socialists want negative...
View ArticleTrump Soars in Latest CA, NY, CT, MD, PA Polls
Those who had written off Donald Trump need to reconsider things in light of recent polls in five states. Trump has soared in the latest polls in California, New York, Connecticut, Maryland, and...
View ArticleBeat the Street Shills: IBM Sales Decline 16th Quarter; Don't Worry They...
Today IBM reported that its sales were down yet again. However, in the battle for positive reporting, Bloomberg reports IBM Earnings Beat Estimates as Currency Counters Sales Decline . Curiously, when...
View ArticleTrump Romps and Stomps in New York; Cruz May Be Shutout Completely
Within minutes of the New York Polls closing, Donald Trump was announced the winner. That was no surprise. The only question all along was how many districts Donald Trump would sweep. As of 9:30...
View ArticleWhat's Trump's 'Real' Magic Number? (Hint It's Not 1,237)
Others are beginning to come around to my viewpoint that Trump does not need to secure 1,237 delegates heading into the convention. My math has Trump securing the nomination with 1,224 but the real...
View ArticleOne of Nation's Largest Pension Funds (Truckers) Will Reduce Benefits or Go...
In 2014, Congress passed a law allowing distressed multi-employer plans to reduce benefits for retirees if it would improve the solvency of the fund. The Central States Pension Fund, which handles the...
View ArticleBank of Japan Owns Over Half of Japanese ETFs; Why Stop There?
In addition to being well on the way of cornering the Japanese bond market, the bank of Japan is even further on its way of cornering the Japanese stock market. Bloomberg reports Bank of Japan Owns...
View ArticleObama Sends in Still More Troops to Syria, Says it Reflects 'Success'
President Obama’s “Boots on the Ground” Strategy has worked so well, he now needs to send 500 more boots (250 more troops) to Syria. Obama says sending more troops to Syria reflects the “success” of...
View ArticleFive for Five: Trump Trounces Cruz Even Among Evangelicals; #NeverTrump Loses...
Shortly after polls closed in Connecticut, Rhode Island, Maryland, Pennsylvania, and Delaware, Donald Trump was projected the winner in all five states. Anyone with half a clue expected a Trump sweep....
View ArticleFed Still Expects Two Hikes, Market Still Says One, Not Until November
In today’s FOMC statement, the Fed made some useless noise about closely monitoring inflation. The Fed also dropped concerns on global economic risks and gave no indication it might waver on last...
View ArticleTrump Picks Up at Least 37 Unbound Pennsylvania Delegates: Revised Mish...
Donald Trump is about to win the Republican nomination. Moreover, he may do so even if he loses Indiana. My rationale is Trump is going to pick up a big mass of the Pennsylvania uncommitted delegates,...
View Article'Nightmare' Mistake: Visa Free Travel for 80 Million Turks Coming Up
Of all the inane, self-serving, deals German Chancellor Angela Merkel made with Turkey, visa-free travel for 80 million Islamic Turks tops the list. “This is all a nightmare,” said one diplomat charged...
View ArticleMathematical Jackasses
With the exception of emerging market countries in trouble like Brazil and Russia, and complete hyperinflation basket cases like Venezuela, can anyone name a central bank that genuinely wants a...
View ArticleChina Warns Economists, Analysts, Reporters About 'Overly bearish' Remarks
I remain in “awe” of China-loving proponents who believe the Yuan will soon supplant the US dollar as the world’s reserve currency on the way to becoming the world’s top economic power. By soon I mean...
View ArticleClass 8 Truck Orders Plunge 39%; Large Truck Sales vs. Recessions
Class 8, “heavy duty” truck orders are down 39% from a year ago. First, let’s take a look at the reports, then we will take a look at what this may mean for the economy. Class 8 Truck Orders Plunge 39%...
View ArticleGermany Blinks Under IMF Pressure: Breakthrough Agreement to Do Nothing
In the wake of an IMF threat to back out of the Troika deal with Greece, Germany blinked under the IMF pressure. Well, sort of. The result was not quite the debt relief the IMF wanted, but it was more...
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