Submitted by John Rubino via DollarCollapse.com,
No, not the presidential election. That’s a libertarian nightmare no matter how you slice it.
But on that same day, California is apparently going to legalize marijuana. Here’s the LA Times’ coverage of the ballot measure when it got the required number of signatures back in May:
California voters getting chance to fully legalize marijuana
The political outcry from Trump's ongoing back and forth with Gonzalo Curiel, the judge overseeing the class-action lawsuits against Trump Unviersity, escalated today when following accusations of racism from democrats, as well as many top GOP leaders such as Mitch McConnell, Paul Ryan, Newt Gingrich and Sen. Ben Sasse distancing themselves from Trump's comments, a Hispanic House Democrat who represents a Texas district bordering Mexico tore into Donald Trump's attacks on the Mexican-American judge, calling them blatantly racist.
Every ugly nonfarm payrolls has a silver lining, and sure enough following Friday's disastrous jobs report, global mining and energy companies rallied alongside commodities after the jobs data crushed speculation the Fed would raise interest rates this month. “The disappointing U.S. jobs report on Friday means that a summer Fed rate hike is off the table,” said Jens Pedersen, a commodities analyst at Danske Bank. “That has reversed the upwards trend in the dollar, supporting commodities on a broader basis.
At least until yesterday's abysmal jobs report, there was - just like last December - a renewed sense of optimism that just because the Fed had gotten surprisingly hawkish in recent weeks (just like it did in November) starting with the FOMC minutes, passing through the speeches of numerous Fed presidents, and culminating with last Friday's Janet Yellen appearance, that the US economy was once again set for a major rebound, leading to a substantial repricing higher in rate hike odds which was also coupled with a boost in risk sentiment.
Submitted by Claire Bernish via TheAntiMedia.org,
By now, we’ve all witnessed selective outrage in real time — a misdeed, tragedy, or other infuriating item blows up national headlines and almost immediately receives backlash in the vein of, ‘well, why isn’t anyone irate about ___ ?’ It’s as if society has developed not only an odd hypocritical corner on the market of concern, but a notable inability to impassion itself with more than one issue at once.