• Tag Archives Hillary Clinton
  • Would This Have Happened Under President Hillary? Holiday Retail Sales Soar Compare To Last Year

    We are nearly a year into Donald Trump’s presidency, and the economic numbers continue to look quite good. On Monday, we learned that U. S. retail sales during the holiday season are projected to be way up compared to 2016. Yes, there are all sorts of economic red flags popping up all over the place, and I write about them regularly. And without a doubt, 2017 has been one of the worst years for brick and mortar retail stores in a very long time. But when something good happens we should acknowledge that too, and many are giving President Trump credit for the fact that retail sales are projected to be up 4.9 percent this holiday season compared to last year…
    Despite thousands of store closings this year, Americans supplied a final flurry of spending to give retailers their best holiday season sales since 2011, figures released Tuesday show.
    U. S. year-end holiday retail sales rose 4.9% compared to the same period last year, a welcome gift to U. S. retailers amid new signs of consumer confidence.
    Of course this doesn’t mean that things have completely turned around for the retail industry. We still absolutely shattered the all-time record for store closings in a single year, and the final number is going to be somewhere right around 7,000. The following comes from CNBC…

    This post was published at The Economic Collapse Blog on December 26th, 2017.


  • Are the EU’s Days Numbered?

    My recent meetings in Brussels reveals some concern what happens when Merkel loses power? Schultz is calling for the complete federalization of Europe – the United States of Europe as he puts it. The power is starting to slip between their fingers and as Italy approaches its confrontation with the EU in the next elections, there too we see the Social Democratic ruling party PD is losing its support in the same manner as the SPD in Germany.
    Now with only a few weeks before the expected dissolution of the Italian parliament before the new elections, the PD is already down to only a 23.4% approval rating. The Socialist agenda is losing around the world just as Hillary lost in the States as did Schultz in Germany.

    This post was published at Armstrong Economics on Dec 21, 2017.


  • Why A Scathing Wall Street Is Furious At The Trump Tax Plan

    Back in October 2016, the “millionaire, billionaire, private jet owners” of America’s elitist, liberal mega-cities (A. K. A. New York and San Francisco) celebrated the tax hikes that a Hillary Clinton presidency would have undoubtedly jammed down their throats proclaiming them to be a ‘patriotic duty’. Unfortunately, now that Trump has given them exactly what they apparently wanted…an amazing opportunity to ‘spread their wealth around”…they’re suddenly feeling a lot less patriotic.
    Of course, as we’ve noted numerous times, while most people across the country and across the income spectrum will benefit from the Republican tax reform package, the folks who stand to lose are those living in high-tax states with expensive real estate as their SALT, mortgage interest and property tax deductions will suddenly be capped. And, as Bloomberg points out today, that has a lot of Wall Street Traders in New York drowning their sorrows in expensive vodka and considering a move to Florida.

    This post was published at Zero Hedge on Dec 20, 2017.


  • Jim Kunstler: “You Can See Where This Has Been Going…”

    Lately, fund flow data has all the credibility of a NYT presidential poll two days before the Trump defeats Hillary. On one hand, you have Lipper reporting that investors pulled $16.2bn from U. S.-based equity funds in the past week, the largest withdrawals since December 2016. The same Lipper also reported that taxable-bond mutual funds and ETFs recorded $1.2bn in outflows, with U. S.-based high-yield junk bond funds posting outflows of $922 million. On the other hand, you have EPFR which looking at the same data, and the same time interval, concluded that there was $8.7bn inflows into equities, of which total flows into the US amounted to $7.8bn, the largest in 26 weeks.
    How does any of this make sense? We are not sure, although it may be that while Lipper ignores ETF flows, EPFR includes these. Indeed, when breaking down the latest flow data, which still does not foot with the Lipper numbers, Bank of America notes that the $8.7bn in equity inflows is the result of a $31.4bn in ETF inflows – the second largest on record – offset by $22.7bn in mutual fund outflows, the 4th largest on record.
    When looking at this staggering divergence, BofA’s Michael Hartnett put it best:
    Passive hubris, active humiliation: 2nd largest week of inflows ($31.4bn) ever into equity ETFs vs 4th largest week ever of outflows from equity mutual funds (Chart 1)

    This post was published at Zero Hedge on Dec 15, 2017.


  • Bank Of America: “This Is The First Sign That A Bubble Has Arrived”

    Lately, fund flow data has all the credibility of a NYT presidential poll two days before the Trump defeats Hillary. On one hand, you have Lipper reporting that investors pulled $16.2bn from U. S.-based equity funds in the past week, the largest withdrawals since December 2016. The same Lipper also reported that taxable-bond mutual funds and ETFs recorded $1.2bn in outflows, with U. S.-based high-yield junk bond funds posting outflows of $922 million. On the other hand, you have EPFR which looking at the same data, and the same time interval, concluded that there was $8.7bn inflows into equities, of which total flows into the US amounted to $7.8bn, the largest in 26 weeks.
    How does any of this make sense? We are not sure, although it may be that while Lipper ignores ETF flows, EPFR includes these. Indeed, when breaking down the latest flow data, which still does not foot with the Lipper numbers, Bank of America notes that the $8.7bn in equity inflows is the result of a $31.4bn in ETF inflows – the second largest on record – offset by $22.7bn in mutual fund outflows, the 4th largest on record.
    When looking at this staggering divergence, BofA’s Michael Hartnett put it best:
    Passive hubris, active humiliation: 2nd largest week of inflows ($31.4bn) ever into equity ETFs vs 4th largest week ever of outflows from equity mutual funds (Chart 1)

    This post was published at Zero Hedge on Dec 15, 2017.


  • Watch Live: Rosenstein Takes The Hot Seat As Republican Fury Over FBI Bias Heats Up

    Moments from now Deputy Attorney General Rod Rosenstein, who has the unfortunate role of overseeing Special Counsel Mueller’s Russia investigation, will take the hot seat before the House Judiciary Committee to get grilled by Republicans on what increasingly appears to be a hopelessly conflicted FBI.
    As we’ve pointed out repeatedly over the past week (see here for the latest: “Trump Should Go F Himself” – Texts Leak From FBI Agents On Russia Probe, Hillary Emails Investigation), Mueller’s lead FBI agent, Peter Strzok, was completely exposed as a political hack after anti-Trump text messages between he and his mistress were revealed. The text messages allegedly resulted in his sudden dismissal back in August even though they were not revealed to the public until recently.


    This post was published at Zero Hedge on Dec 13, 2017.


  • Public Enemy No. 1: Walls Closing In On Peter Strzok As Questions Arise Over His Involvement In FISA Application

    Over the past 10 days we’ve learned a lot about FBI agent Peter Strzok, a man who very likely would have lived the remainder of his life in relative obscurity as an FBI counterintelligence agent but for his sudden dismissal from Special Counsel Mueller’s “Russian Collusion” investigation.
    As we noted on December 2nd (see: Mueller’s Top FBI Agent Probing Clinton Emails, Russian-Collusion “Removed” After Anti-Trump Texts Found), Strzok’s life became far more complicated when it was revealed that his dismissal from Mueller’s team was linked to the discovery of multiple “anti-Trump text messages” shared with a colleague…a colleague with whom he happened to be having an extramarital affair.
    Of course, like most twisted Washington D. C. scandals, his overt political bias and anti-Trump text messages were only the tip of the iceberg as it was subsequently discovered that Strzok not only held a leading role in the Hillary email investigation but potentially single-handedly saved her from prosecution by making the now-infamous change in Comey’s final statement to describe her email abuses as “extremely careless” rather than the original language of “grossly negligent.”

    This post was published at Zero Hedge on Dec 12, 2017.


  • Dismissed FBI Agent Is One Who Changed Hillary Email Scandal Language From “Grossly Negligent” To “Extremely Careless”

    Over the weekend we noted that Special Counsel Robert Mueller’s top FBI investigator into ‘Russian meddling’, agent Peter Strzok, was removed from the probe due to the discovery of anti-Trump text messages exchanged with a colleague (a colleague whom he also happened to be having an extra-marital affair with).
    Not surprisingly, the discovery prompted a visceral response from Trump via Twitter:
    Tainted (no, very dishonest?) FBI ‘agent’s role in Clinton probe under review.’ Led Clinton Email probe. @foxandfriends Clinton money going to wife of another FBI agent in charge.
    — Donald J. Trump (@realDonaldTrump) December 3, 2017

    This post was published at Zero Hedge on Dec 5, 2017.


  • Anti-Trump FBI Agent Changed Language Of Hillary Email Scandal From “Grossly Negligent” To “Extremely Careless”

    Over the weekend we noted that Special Counsel Robert Mueller’s top FBI investigator into ‘Russian meddling’, agent Peter Strzok, was removed from the probe due to the discovery of anti-Trump text messages exchanged with a colleague (a colleague whom he also happened to be having an extra-marital affair with).
    Not surprisingly, the discovery prompted a visceral response from Trump via Twitter:
    Tainted (no, very dishonest?) FBI ‘agent’s role in Clinton probe under review.’ Led Clinton Email probe. @foxandfriends Clinton money going to wife of another FBI agent in charge.
    — Donald J. Trump (@realDonaldTrump) December 3, 2017

    This post was published at Zero Hedge on Dec 4, 2017.


  • ‘America First!’ AWOL From Beijing, War With North Korea Looms

    There’s no indication that President Donald Trump’s summit with China’s Xi Jinping achieved any breakthrough on North Korea. But why didn’t it? After all, Trump said that China could ‘fix’ the North Korea problem ‘easily and quickly’ and it was just a matter of Xi’s making up his mind to do so.
    ***
    No less divorced from reality was Trump’s half-hearted pitch on the US trade imbalance with China. The problem, he said, was not the Chinese – whom he complimented on their cleverness in exploiting our stupidity – but on the flaccid policies of prior American administrations. Quite true! But what will he do differently? Not much it seems, except maybe give a big tax cut with no strings attached to fat corporations that are thrilled to keep moving their operations overseas. Global market ber alles! And here we all thought Hillary Clinton lost the election . . .

    This post was published at Zero Hedge on Nov 13, 2017.


  • Hillary What Happened – She Rigged the Democratic Party

    Donna Brazile’s new memoir, Hacks, has exposed Hillary Clinton for what she really is – a corrupt manipulative politician. Bracile is the former Democratic party leader. Behind the curtain, she is known as a foul-mouth boldface liar. Now Brazile’s book, reveals that Clinton took control of the party long before deciding who would be the Democrat final candidate. This is what the Clinton’s have been known for – behind-the-scenes manipulation.
    Clinton knew that the Democratic party was heavily in debt. Brazile describes Hillary’s acquisition of the party as an extortion. The Party left behind by Barack Obama inherited $24 million debt of which $15 million was bank debt, and $8 million was owed by the party to suppliers who had not been paid. In real terms, the Democratic Party was bankrupt confirming what our models had been forecasting about the decline in that party.

    This post was published at Armstrong Economics on Nov 7, 2017.


  • Trump Is About To Crush Home Prices In Counties That Voted For Hillary: Here’s Why

    As discussed last Friday, several notable surprises in the proposed GOP tax bill involved real estate, and would have an explicit – and adverse – impact on not only proprietors’ tax bills, but also on future real estate values if the republican tax bill is passed. And, as the following analysis by Barclays suggests, they may have a secondary purpose: to slam real estate values in counties that by and large voted for Hillary Clinton.
    Going back to Friday, the biggest surprise was that mortgage interest would only be deductible on mortgage balances up to $500K for new home purchases, down from the current $1mn threshold. Existing mortgages would be grandfathered, such that borrowers with existing loans would still be allowed to deduct interest on the first $1mn of their mortgage balances. In addition, only the first $10K of local and state property taxes would be allowed to be deducted from income. Finally, married couples seeking a tax exemption on the first $500K of capital gains upon a sale of their primary residence will need to have lived in their home for five of the past eight years, versus two out of the past five years under current rules. This capital gains tax exemption would also be gradually phased out for households that have more than $500K of income a year.
    As might be expected, the above provisions caused an uproar in the realtor and homebuilding industries, as Barclays Dennis Lee points out. The National Association of Realtors (NAR) released a statement commenting that ‘the bill represents a tax increase on middle-class homeowners’, with the NAR President stating that ‘[t]he nation’s 1.3 million Realtors cannot support a bill that takes homeownership off the table for millions of middle-class families’. Meanwhile, the chairman of the National Association of Home Builders (NAHB) stated that ‘[t]he House Republican tax reform plan abandons middle-class taxpayers in favor of high-income Americans and wealthy corporations’. Given the strong resistance from these two powerful housing groups, there may be changes made to these provisions in the final version of the bill.

    This post was published at Zero Hedge on Nov 6, 2017.


  • Both Bush Presidents Lash Out At Trump, GHW Confirms He Voted For Hillary

    The fading Republican establishment remains unable to reconcile its ongoing collapse, and continues to scapegoat Donald Trump for all the GOP’s troubles instead of looking in the mirror.
    Two weeks after an outraged George W. Bush lashed out at Trump, accusing him of emboldening “bigotry and white supremacy“, on Saturday we learn just how deep the animosity toward Trump runs within the extended Bush household. In a new book to be released this month from historian Mark Updegrove, titled “The Last Republicans“, and previewed on Saturday by the NYT and CNN, former President George H. W. Bush said he considers Trump a ‘blowhard,’ only interested in feeding his own “ego.” Meanwhile, his son, former President George W. Bush, thinks Trump fans public anger and came to office without any understanding of the job.
    ***
    When asked about Donald Trump in May 2016, GHW Bush said: “I don’t like him … I don’t know much about him, but I know he’s a blowhard. And I’m not too excited about him being a leader.”
    His son was just as vocal: ‘Wow, this guy doesn’t know what it means to be president,’ the junior Bush said, indicating that a president should not ‘exploit the anger, incite it’ but rather ‘come up with ideas to deal with it.’

    This post was published at Zero Hedge on Nov 4, 2017.


  • Podesta Fires Back: “I’m The Victim Of A Big Lie”

    Earlier this morning we noted a pair of Trump tweets which seemingly called on the Podesta brothers to “Drain the Swamp” by dishing whatever “earth shattering” dirt they have on Democrats to Special Counsel Mueller (see: Trump Calls On Podesta Bros To “Drain The Swamp” By Revealing “Earth Shattering” Dirt On Dems).
    Now, it seems as though one of the embattled Podesta brothers, Hillary’s former campaign chair John Podesta, is more than ready to engage in a twitter war with the President after firing back that he’s the “victim of a big lie campaign by the American President.”
    “Not bad enough that I was the victim of a massive cyber crime directed by the Russian President.” “Now I’m the victim of a big lie campaign by the American President “
    Not bad enough that I was the victim of a massive cyber crime directed by the Russian President (1/3)
    — John Podesta (@johnpodesta) October 31, 2017

    This post was published at Zero Hedge on Oct 31, 2017.


  • Russian Content May Have Reached 126 Million Facebook Users, There Is Just One Catch

    One month ago, the media world and political punditry was in a furore after Facebook revealed that some 470 alleged Russian troll accounts had paid Facebook a whopping $100,000 to purchase 3,000 advertisements potentially influencing the outcome of the election (even though many of the ads “showed support for Clinton” and only half ran before the actual election). The furore did not last long: gradually the story fizzled, before becoming a watercooler joke that Russia had managed to buy the outcome of the US presidential election for a whopping 100 grand – which would make Vladimir Putin not only a propaganda genius of the highest order, but the best damn advertising mastermind to ever live, generating the highest ad IRR in history. One can only imagine what insidious, civilzation-ending thoughts he could implant in America’s fragile, feeble minds for $1 million, or gasp… 10 million dollars (about 1% of what Hillary spent).
    So, eager to keep the “Russia interfered in US elections” meme going (not to be confused with what the Washington Post one year ago titled “The long history of the U. S. interfering with elections elsewhere“), tomorrow Facebook’s general counsel, Colin Stretch , together with his peers from Google and Twitter, will will sit before the Senate judiciary subcommittee on crime and terrorism and try to fascinate the public with some far bigger numbers, while hopefully also pitching the vast reach Facebook and other social media have. To do that, Facebook will say that it estimates that a grand total of 126 million people may have seen content posted by Russian-backed accounts over more than two years that, as the WSJ puts it, “sought to disrupt American society”, according to a prepared copy of the remarks obtained by The Wall Street Journal.
    How is this number different from the far smaller number quoted previously when referring only to the Russian trolls’ alleged ad outreach? Because this time, Facebook will count virtually every post created by these alleged Russian troll farms as direct form of propaganda: as the WSJ explains, tomorrow’s definition of “reach” will include such content as “free posts and events listings.”

    This post was published at Zero Hedge on Oct 30, 2017.


  • Watch Live: The Most Anticipated White House Press Briefing Yet?

    Ms. Sanders may have her hands full today… but then again she has handled as much for the last few months.
    Things the press won’t care about… Houston Texans mass kneel-in, more Uranium One details tying to Hillary/Dems, more FusionGPS details being exposed about Obama admin funding, opiate addiction, GDP, record high stock market, and tax reform.

    This post was published at Zero Hedge on Oct 30, 2017.


  • “Did He Wear A Wire?”: Former Trump Campaign Aide Pleads Guilty To Lying To FBI

    Update: Papadopoulos’s attorney has weighed in…
    * * *
    In addition to the news that former Trump campaign executive Paul Manafort and his longtime deputy, Rick Gates, have been indicted on 12 counts including tax fraud, money laundering, failing to register as a lobbyist for a foreign country, and conspiring against the US, unsealed court documents have revealed that former Trump campaign adviser George Papadopoulos pleaded guilty on Oct. 5 to making false statements to the FBI.
    Noting that the Russian government often uses foreign intermediaries to accomplish its foreign policy goals, the FBI said it investigated Papadopoulos, who served as a foreign adviser for the Trump campaign starting on March 2016 and continuing through most of the campaign, for any such contacts. This investigation included an interview in January 2017. According to the indictment, there is probable cause to believe that on Jan. 27, Papadopoulos made material false statements and omitted material facts to the FBI regarding his interactions during the campaign with foreign contacts, including Russian nationals.
    Specifically, Prosecutors charged Papadopolous with lying to investigators and that he falsely described his interactions with a certain foreign contact, identified as a professor, who discussed “dirt” related to emails concering then-presiential candidate Hillary Clinton, when in fact, he had repeated communications with that contact while serving as an adviser on the campaign. Papadopoulos allegedly told the FBI that those conversations happened before he joined the campaign, statements rebutted by the Justice Department’s timeline.

    This post was published at Zero Hedge on Oct 30, 2017.


  • President Trump Responds To Manafort Indictment

    President Trump has responded directly to the charges filed against former Campaign manager Manafort by special counsel Mueller.
    “Sorry, but this is years ago, before Paul Manafort was part of the Trump campaign. But why aren’t Crooked Hillary & the Dems the focus?????” Trump tweeted. “Also, there is NO COLLUSION!”
    Sorry, but this is years ago, before Paul Manafort was part of the Trump campaign. But why aren't Crooked Hillary & the Dems the focus?????
    — Donald J. Trump (@realDonaldTrump) October 30, 2017

    This post was published at Zero Hedge on Oct 30, 2017.


  • OCT 26/GOLD AND SILVER DOWN ON COMEX OPTIONS EXPIRY/ECB EXTENDS QE BY PURCHASING 30 BILLION EUROS WORTH OF BONDS PER MONTH UNTIL SEPT 2018 AND THIS DOVISH RESPONSE IS BAD FOR GOLD?/SEE-SAW EVENTS…

    GOLD: $1269.00 down $8.80
    Silver: $16.80 DOWN 15 cents
    Closing access prices:
    Gold $1267.90
    silver: $16.80
    SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)
    SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)
    SHANGHAI FIRST GOLD FIX: $1291.03 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1280.50
    PREMIUM FIRST FIX: $10.53(premiums getting larger)
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1291.03
    NY GOLD PRICE AT THE EXACT SAME TIME: $1281.00
    Premium of Shanghai 2nd fix/NY:$10.03 PREMIUMS GETTING LARGER)
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    LONDON FIRST GOLD FIX: 5:30 am est $1278.20
    NY PRICING AT THE EXACT SAME TIME: $1277.75
    LONDON SECOND GOLD FIX 10 AM: $1273.75
    NY PRICING AT THE EXACT SAME TIME. 1274.70 ??
    For comex gold:
    OCTOBER/
    NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 85 NOTICE(S) FOR 8500 OZ.
    TOTAL NOTICES SO FAR: 3173 FOR 317,300 OZ (9.869TONNES)
    For silver:
    OCTOBER
    28 NOTICES FILED TODAY FOR
    140,000 OZ/
    Total number of notices filed so far this month: 1057 for 5,285,000 oz
    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
    Bitcoin: $5834 bid /$58544 offer UP $155.00 (MORNING)
    BITCOIN CLOSING;$5833 BID:5853. OFFER up $155.00

    This post was published at Harvey Organ Blog on October 26, 2017.


  • OCT 25/GOLD AND SILVER WITHSTAND ANOTHER ATTACK AND CLOSE IN GREEN TERRITORY FOR GOLD/FLAT FOR SILVER/TROUBLE IN SPAIN AS PUIGDEMONT CANCELS TRIP TO MADRID AND WILL CONVENE CATALAN PARLIAMENT/GER…

    GOLD: $1277.80 UP $0.70
    Silver: $16.95 FLAT cents
    Closing access prices:
    Gold $1277.80
    silver: $16.95
    SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)
    SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)
    SHANGHAI FIRST GOLD FIX: $1292.03 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1274.40
    PREMIUM FIRST FIX: $17.63(premiums getting larger)
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1289.01
    NY GOLD PRICE AT THE EXACT SAME TIME: $1731.70
    Premium of Shanghai 2nd fix/NY:$15.31 PREMIUMS GETTING LARGER)
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    LONDON FIRST GOLD FIX: 5:30 am est $1273.00
    NY PRICING AT THE EXACT SAME TIME: $1272.10
    LONDON SECOND GOLD FIX 10 AM: $1275.00
    NY PRICING AT THE EXACT SAME TIME. 1276.00 ??
    For comex gold:
    OCTOBER/
    NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 83 NOTICE(S) FOR 8300 OZ.
    TOTAL NOTICES SO FAR: 3088 FOR 308,800 OZ (9.605TONNES)
    For silver:
    OCTOBER
    64 NOTICES FILED TODAY FOR
    320,000 OZ/
    Total number of notices filed so far this month: 1029 for 5,145,000 oz
    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
    Bitcoin: $5564 bid /$5784 offer UP $68.00 (MORNING)
    BITCOIN CLOSING;$5562 BID:5582. OFFER up $65.00

    This post was published at Harvey Organ Blog on October 25, 2017.