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Welcome To Donald Trump's Very Own Big, Fat, Ugly Bubble

Welcome To Donald Trump's Very Own Big, Fat, Ugly Bubble

Authored by David Stockman via The Daily Reckoning,

The overwhelming source of what ails America economically is found in the Eccles Building. During the past three decades the Federal Reserve has fostered destructive financial mutations on Wall Street and Main Street.

Bubble Finance policies have fueled an egregious financial engineering by the C-suites of corporate America. This bubble has skyrocketed to the tune of $15 trillion of stock buybacks, debt-fueled mergers deals and buyouts of the last decade.

5 Charts That Explain Just How Screwed Your State Is

5 Charts That Explain Just How Screwed Your State Is

We've spent a lot of time of late discussing the precarious financial positions of states like Illinois, Connecticut and New Jersey which each suffer from their own myriad of financial threats including massive budget deficits, monstrous unfunded pension liabilities, pending debt downgrades, etc.  In case you've missed those notes, here is a recap for your amusement:

Baltimore Citizens Urge "Nobody Kill Anybody" Ceasefire At The Start Of August

Baltimore Citizens Urge "Nobody Kill Anybody" Ceasefire At The Start Of August

Authored by Alastair Williamson via Squawker.org,

Breaking story out of Baltimore City, Maryland, where a citizen ceasefire is being issued by the community for August 04, 2017 through august 06, 2017.

The ‘no violence for 72-hours’ or ‘nobody kill anybody’ campaign comes at a time where the city is spiraling out of control. According to WJZ, “Baltimore struggles with a record high murder rate, and those in power are desperate for solutions”.

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