Recovery: 51 Million U.S. Households Can’t Afford Basics
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— Read on www.blacklistednews.com/
Sad truth
Economics
Train Crash Preview | Mauldin Economics
I think a worldwide debt default is likely in the next 10–12 years.
— Read on www.mauldineconomics.com/frontlinethoughts/train-crash-preview
The debt is the real threat to our economy and our personal well being. Look no further than Venezuela 🇻🇪 to get a glimpse into our future, unless we change course.
Credit Card Delinquencies Spike Past Financial-Crisis Peak at the 4,788 Smaller US Banks | Wolf Street
Credit Card Delinquencies Spike Past Financial-Crisis Peak at the 4,788 Smaller US Banks | Wolf Street
— Read on wolfstreet.com/2018/05/18/credit-card-delinquencies-spike-past-financial-crisis-peak-at-smaller-us-banks/
2008 redux
Rejecting Rand Paul’s Budget, Republicans Commit to Fiscal Irresponsibility – Hit & Run : Reason.com
Even the suggestion that defense spending could be cut is enough to scare most Republicans away from a facing fiscal reality.
— Read on reason.com/blog/2018/05/17/in-rejecting-rand-pauls-budget-republica
God job by Rand smoking out the statists in his own party
7 Reasons Why European Banks Are in Trouble | Mises Wire
While the euro crisis seems far away as all Eurozone countries ran government deficits below 3 percent of GDP, there is one problem for the euro that quietly keeps growing: the unresolved banking crisis. And this is not a small problem.
— Read on mises.org/wire/7-reasons-why-european-banks-are-trouble
An under reported problem
Fake News No Problem: Internet Totally Dominates Advertising in the US, But Only 2 Companies Divvy up 60% of the Spoils | Wolf Street
Fake News No Problem: Internet Totally Dominates Advertising in the US, But Only 2 Companies Divvy up 60% of the Spoils | Wolf Street
— Read on wolfstreet.com/2018/05/18/internet-dominates-advertising-2017-u-s-2-companies-divvy-up-nearly-60/
Wow, I had no idea it was this lopsided
Brick & Mortar Meltdown Pummels These Stores the Most | Wolf Street
Brick & Mortar Meltdown Pummels These Stores the Most | Wolf Street
— Read on wolfstreet.com/2018/05/17/brick-mortar-meltdown-pummels-these-stores-the-most/
Markets are changing
Rand Paul’s Plan to Balance the Budget by 2023 Will Get a Senate Vote This Week – Hit & Run : Reason.com
Do Republicans have the guts to impose strict spending caps?
— Read on reason.com/blog/2018/05/16/rand-pauls-plan-to-balance-the-budget-by
They don’t have the guts
Meet Tesla’s new bondholder: Billionaire George Soros | Reuters
The investment firm founded and chaired by billionaire George Soros took a stake in Tesla Inc (TSLA.O) bonds during the first three months of the year, giving the electric carmaker run by Elon Musk a prominent supporter.
— Read on www.reuters.com/article/us-investment-funds-soros/meet-teslas-new-bondholder-billionaire-george-soros-idUSKCN1IH017
In bed with the devil
US Treasury 10-Year Yield Breaks Out, Mortgage Rates Jump to Highest in 7 Years | Wolf Street
US Treasury 10-Year Yield Breaks Out, Mortgage Rates Jump to Highest in 7 Years | Wolf Street
— Read on wolfstreet.com/2018/05/15/us-treasury-10-year-yield-breaks-out-mortgage-rates-jump-to-highest-in-7-years/
John Barleycorn 
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