In an "Onion-sounding" article in Russian tabloid Komsomolskaya Pravda, titled "Trump-Pump-Pump And Our Big Bang", Russian military expert Viktor Baranetz, a retired colonel and former defense ministry spokesman asserted that Russia has asymmetrical responses to the increase in the U.S. military budget.
The US economy continues to implode as inflation ignites.
GDP Now has collapsed from 3.4% in early February to 1.3% today. It will be revised even lower based on the awful deficit numbers (the US trade deficit hit a five year high in January).
Meanwhile, inflation is soaring.
The Fed tracks FOUR inflation metrics. They are Core CPI, Core PCE, Trimmed Mean CPI and Cleveland Median CPI.
Roughly all four are now at or above the Fed’s so-called “target” of 2%.
· Core CPI is growing at an annualized rate of 2.1%.
As 2016 drew to a close, even as US bank stocks posted some of the biggest gains since Mr. Trump got elected, it seemed their counterparts down-under aren’t doing that well! All signs point to a huge weakening in Aussie bank stocks in 2017. But the bigger question is: Will we hear a loud boom as banks down under go bust?
THE OMINOUS SIGNS
Back in March 2016, Trump trashed the current H-1B visa system, saying "The H-1B program is neither high-skilled nor immigration; these are temporary foreign workers, imported from abroad, for the explicit purpose of substituting for American workers at lower pay."
MY POSITION ON VISAS#MakeAmericaGreatAgain #Trump2016https://t.co/JGmOd5gr5z pic.twitter.com/OLg6N3Ug9U
— Donald J. Trump (@realDonaldTrump) March 4, 2016
Via Michael Snyder of The Economic Collapse blog,
If you didn’t know better, you might be tempted to think that “Space Available” was the hottest new retail chain in the entire country.