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Category Archives: Wall Street Journal

Greenwald: The U.S. Media Just Suffered Its Most Humiliating Debacle in Ages

Authored by Glenn Greenwald of The Intercept, Friday was one of the most embarrassing days for the U.S. media in quite a long time. The humiliation orgy was kicked off by CNN, with MSNBC and CBS close behind, with countless pundits, commentators and operatives joining the party throughout the day. By the end of the […]

David Stockman Lashes Out At Mainstream Media’s “Peak Fantasy Time”

Authored by David Stockman via Contra Corner blog, If you want to know why both Wall Street and Washington are so delusional about America's baleful economic predicament, just consider this morsel from yesterday's Wall Street Journal on the purportedly awesome November jobs report. Wages rose just 2.5% from a year earlier in November – near the same lackluster […]

Does Trump’s Tax Plan Single Out Family Trusts As A Way To Subsidize Corporate Tax Cuts?

According to an analysis from the Tax Policy Center, the Senate’s recently passed tax plan will increase the after-tax income of folks in every income bracket.  Of course, there are exceptions to every rule and plenty of arguments to be had between the Left and Right over how the tax savings scraps should be divvied […]

WSJ Editorial Board Calls On “Too Conflicted” Mueller To Step Down

Via The Wall Street Journal Editorial Board, The special counsel is stonewalling Congress and protecting the FBI… Donald Trump is his own worst enemy, as his many ill-advised tweets on the weekend about Michael Flynn, the FBI and Robert Mueller’s Russia probe demonstrate. But that doesn’t mean that Mr. Mueller and the Federal Bureau of […]

In Critical Test Of Tax Reform Bill, Senate Narrowly Approves Motion To Start Debate With 52-48 Vote

Update (5:55PM EST): After a full day of debating the GOP tax reform bill, the Senate has now approved a motion to…drum roll please…debate the GOP tax reform bill.  As we detailed below, this was the first big test for the GOP’s tax bill before the entire Senate and it narrowly passed with a vote […]

Is It Tuesday? Time For Another Banking Scandal…

Authored by Simon Black via SovereignMan.com, Another day, another major banking scandal. It’s getting to the point where you can practically set your watch to these things. The latest involves our old friend Wells Fargo. The Wall Street Journal reported last night that Wells has been screwing its customers on foreign currency exchange rates. According […]

Democrats Denounce Steyer’s Impeachment Push: “It’s Not Helpful”

California financier Tom Steyer’s $20 million ad campaign to impeach President Donald Trump has alienated some of the Democratic leaders with the influence to make impeachment a reality. As The Daily Caller's Jack Crowe details, some within the Democratic leadership fear that aggressively pursuing impeachment will only serve to turn Republican and independents against the […]

China Deleveraging Hits Corporate Bonds As Cascade Effect Begins

Following the market lockdown during October’s Party Congress, many commentators were disturbed by the continued rise in Chinese government bond yields as we returned to “business as usual”, with the 10-year rising to 4%. At the beginning of this month, we discussed the sell-off (see “China: Shadow Bank Inflows Are Critical To Sustain The Ponzi…But […]

The Saudi System And Why Its Change May Fail

Via Moon Of Alabama blog, The Saudi clown prince Mohammad Bin Salman is an impulsive tyrant. But what accounts for his urge to purge the country of any potential competing power center? Why does he run a such an activist foreign policy? The answer might be Iran. Not Iran the country, but Iran the system. […]

“Comey Has No Issue With It”: Judicial Watch Dumps Explosive New FBI Emails From McCabe’s Conflict Review

Judicial Watch has just dumped a new treasure trove of FBI emails regarding Deputy Director Andrew McCabe’s conflict check relative to the Clinton email investigation (for those who missed it, we reviewed all of McCabe’s many scandals here: “FBI Director McCabe Subject Of Three Separate Federal Inquiries Into Alleged Misconduct: Report“).   Ironically, this particular […]