Politics

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:

In a major victory for President Trump, the Supreme Court allowed his controversial travel ban to take full effect while legal challenges go forward, suggesting the court ultimately will uphold the restrictions, Bloomberg reports.

Authored by James Howard Kunstler via Kunstler.com,

“Contact with Russians.”

Grown men and women, doubling and re-doubling down on a political fantasy, repeat this prayer hour after hour on the cable channels and Web waves as if trying to exorcise a nation possessed by the unholy hosts of Hell.

But such vicars of the news as Wolf Blitzer, Rachel Maddow, Chuck Todd, and Dean Baquet (of The New York Times) only shove the country closer to a cliff of constitutional crisis.

Last week, rating agency DBRS raised a red flag when it calculated that in the past decade average US wages have risen by only 5.7%, while consumer debt over the same period rose 60% more, or 9.3%. However, while the US household's reliance on debt to fill in the income gaps is hardly news, on Monday JPMorgan found another, even more concerning debt inflection point: household debt, fast as it may be rising, is about to be eclipsed for the first time ever by the even faster rising federal government debt.

Earlier we joked that today's rally was losing steam, and it "needs a North Korean ICBM launch to find new strength."

This rally needs a North Korean ICBM launch to find new strength

— zerohedge (@zerohedge) December 4, 2017