"At the end of the day, negative interest rates are taxes in sheep’s clothing. Few economists would ever claim that raising taxes on households will stimulate spending. So why would they think negative interest rates will?" Those are the shocking words of St.Louis Fed Director of Research Christopher Waller whose brief note today will be required reading for everyone at The Bank of Japan, The ECB and every other central banker on the verge of NIRP...

Submitted by Thad Beversdorf via FirstRebuttal.com,

I’ve been recently tracking the Presidential odds on PaddyPower, an Ireland domiciled online gambling site.  Here are the current odds:

Just as the government did in the lead up to The Scottish Referendum in 2014, it appears David Cameron is already escalating the so-called Project Fear.

Submitted by Howard Kunstler via Kunstler.com,

For years, it was easy to see the political storm clouds gather over Europe with its fractious coalitions and its ancient babble of conflicts. Marine Le Pen’s Daddy, severe old Jean-Marie, was on the scene in France decades before Donald Trump ascended to glory on the noxious clouds of America’s crapified culture, attended by heavenly hosts of Kardashian angels and the cherub Honey BooBoo.

Whether it was funded by Soros, the CIA, the Rothschilds or even Putin is unclear, but moments ago the International Consortium of Investigative Journalists - the group responsible for preparing and organizing the Panama Papers leak - published a searchable database laying out 214,000 offshore entities created in 21 jurisdictions, from Nevada to Hong Kong and the British Virgin Islands.