This article by David Haggith was first published on The Great Recession Blog:
Since Trump’s election, the US stock market has climbed unstoppably along a remarkably steep path to round off at a teetering height. Is this the irrational exuberance that typically marks the last push before a perilous plunge, or is the market reaching escape velocity from the relentless gravity of the Great Recession?
On Novemer 9, 2016, America's pampered, Hillary-supporting snowflakes chose to express their complete devastation in a variety of ways. Some took to the streets to riot and burn down entire city blocks of private property...
Thick smoke in the air from cars peeling out at the Portland anti trump protest. #electionday #election2016 pic.twitter.com/mxOIIR7UBb
— Mike Bivins (@itsmikebivins) November 9, 2016
It turns out there is a downside to spending 120% of your annual income every year from the time you graduate college until that day you turn 40 and finally realize that you're getting old and have absolutely no liquid assets and no hopes of ever retiring. While the above strategy seemingly makes sense to our elitist, Ivy League-educated central planners at the Fed who have waged a nearly decade-long war on saving (because how can we have economic growth if people aren't willing to lever their income 5x and spend every dollar they make?), the roughly 19% of Americans who are over the age o
Submitted by Michael Snyder via The Economic Collapse blog,
Following today's surprising decision by the US' Samantha Power to abstain in a UN vote over Israel settlements, one which provoked Israel to lash out at the Obama administration "friends don't act that way", but more importantly defied Trump who in a previous tweet urged Obama to veto the resolution, it was only a question of how long before Trump tweets his response. The time was less than an hour, because just minutes after the vote, the president-elect slammed the current administration's decision, while ominously warning the UN that it would be "different" under his presidency.