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U.S. Government Pass Bill Outlawing Independent Media

The U.S. Senate passed a bill on Friday that will effectively outlaw all forms of independent media from being accessed in the United States. The “Countering Disinformation and Propaganda Act” not only allows the U.S. government to ban outlets deemed to be “Russian propaganda,” but gives them the ability to legally spread disinformation online via social networks and mainstream media outlets. Senate.gov reports: U.S.

Record High Lease Returns Set To Wreak Havoc On Used Car Prices

Record High Lease Returns Set To Wreak Havoc On Used Car Prices

About a month ago we warned that declining used car prices could spell disaster for subprime auto securitizations (see "Slumping Used Car Prices Spell Disaster For Subprime Auto Securitizations").  While it's always difficult to predict the exact timing of when bubbles will burst, a combination of record-high lease returns in 2017 and 2018, combined with rising interest rates could imply that the auto bubble is on the precipice.

Global Warm-Ongering: What Happens If Trump Takes US Out Of Paris Agreement?

Global Warm-Ongering: What Happens If Trump Takes US Out Of Paris Agreement?

Submitted by Michael Shedlock via MishTalk.com,

For all the shock, horror, and aghast of global warm-ongers, comes a startling revelation: It’s Irrelevant if US Pulls Out of Paris Accord.

Donald Trump has sent his clearest message yet about his plans for reshaping US policy on global warming by choosing a chief environmental regulator who has questioned the science of climate change.

 

Frontrunning: December 9

  • Futures rise as 'Trump rally' rolls on (Reuters), Oil Advances as European Stocks Extend Gains; Korean Won Slides (BBG)
  • Syrian government forces press attack in east Aleppo (Reuters)
  • Trump: China Will Have to ‘Play by the Rules’ (BBG)
  • Trump’s Cabinet Picks Signal Coming Deregulation Moves (WSJ)
  • Russia’s Military Buildup on the Baltic to Test Trump on NATO (WSJ)
  • OPEC’s Historic Deal Won’t Be Enough to Drain Oil Stockpiles (BBG)
  • OPEC Deal Faces Test as Cartel Seeks Russia Commitment (WSJ)

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