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Retail Sales: When The Government “Goal-Seeks” Economic Reports

The headline retail sales report, released today by the Census Bureau, showed a rather unexpectedly large 0.8% jump from October.  The Wall Street brain trust was expecting a 0.3% increase.   Of course, 99% of stock market investors and 100% of the financial media never looks at the details below the headline reports.   To do this, one has make an effort to scroll down to page four of the report.  There you will find this table (excerpt): You’ll note that I highlighted this “(*)” in yellow. From the footnotes to the report, this “(*)” means this: “Advance estimates are not available […]

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Major Scandal: U.S. Congressman Says That There Was A ‘Concerted Effort’ Within The FBI To Help Hillary Clinton Win The Election

Did the FBI attempt to swing the outcome of the 2016 election in a certain direction?  I know that question sounds completely outrageous, but this is exactly what one member of Congress is now claiming.  For a long time we have known that elements within the Deep State have been actively working to undermine the Trump administration, but now solid evidence is emerging that the interference by the Deep State actually began during the presidential election.  As more details come out, this could easily become one of the biggest political scandals in U.S. history. If you think that I am […]

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The Oil Market’s Massive Repricing

The following is an excerpt from our Macro Intelligence Report (MIR). If you’d like to learn more about the MIR, click here. Seeking out asymmetric trades today is a bit tougher than normal because of where we are in the cycle. We’re in the latter stages and valuations are high (very high) so upside is somewhat limited on the whole and completely dependent on sentiment. But it’s not late enough in the cycle where it makes sense to start pressing shorts — the trend is still up and could persist for another couple of years. The large vampire squid (aka, […]

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Do You Know What Is In The Tax Bill That Congress Is About To Pass?

A conference committee has been merging the tax bills that were passed by the House of Representatives and the Senate, and even though we could still see some minor changes, it looks like the major parameters of the final bill have now been agreed upon.  The final bill will be known as the Tax Cuts and Jobs Act, and we are being told that it will be one of the largest tax cuts in U.S. history.  Unfortunately, the impact on our tax bills will be relatively minor, but at least it is a step in the right direction.  The following […]

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Demolishing a straw man

This is David Hencke’s response to my comment on his blog. You can find the Coppola Comment version of my comment here. For the record while not replying to all your points.1. I cover a wide range of topics on my blog – child sex abuse, domestic violence, bad treatment of the disabled, the rise of Jeremy Corbyn, dodgy privatisations, institutional racism etc.2. Given the government has to write to everyone telling them when their pension is due, it is not beyond the wit of man or woman to tell everyone personally when the change came into effect.3 your main […]

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The Republican Party Is Imploding

It finally looks like the Republican party and Donald Trump may get its first victory if the tax reform bill that just passed the Senate gets through the House without too much compromise… But that would be missing the bigger picture. First, I was warning back in 2016 that whoever won the presidential election would end up wishing they had not. This bubble has been extended to much greater heights and can only stretch so far without destroying itself through its own extremes and imbalances. My four fundamental long-term indicators – the Generational Spending Wave, the Geopolitical Cycle, the Technology/Innovation […]

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Precious Metals and A Bit of Tax Planning

The IRS classifies bullion coins and bars which carry zero collectible value the same way it categorizes a collection of baseball cards. Because of the IRS’s dishonest interpretation of tax law, gold and silver bullion is currently subject to the higher 28% long-term capital gains rate for “collectibles.” By comparison, the rate for Wall Street and government approved assets – just about everything else – is 15-20%, depending upon the taxpayer’s income. Investors might as well use this punitive long-term capital gains rate to their advantage. Metal purchased more than a year ago at a higher price can be sold […]

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Cryptocurrency Chaos: Bitcoin, Litecoin and Ethereum All Keep Surging To New Record Highs With No End In Sight

The cryptocurrency revolution is the biggest story in the financial world right now. In recent days I have spent a lot of time writing about Bitcoin, but the truth is that all of the major cryptocurrencies have been on an unprecedented run lately. In fact, some of them have been rising much faster in price than Bitcoin has. So even though Bitcoin is now worth almost 18 times as much as it was at the beginning of 2017, that actually pales in comparison to how fast Litecoin has been rising. Of course not all of these cryptocurrencies will eventually succeed. […]

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Michael Snyder And Other Pro-Trump Candidates For Congress Are Freaking The Establishment Out

Literally dozens of pro-Trump candidates are running for seats in Congress in 2018, and the establishment is really starting to freak out about this.  If having Trump in the White House was a nightmare for them, how are they going to respond once his allies start taking control of Capitol Hill?  For a very long time I have been saying that the 2018 mid-term elections are going to be the most important in modern American history.  They will inevitably be a referendum on Trump and his policies, and I believe that the American people will support Trump wholeheartedly. Personally, I […]

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Never mind WASPI, just look at Back to 60

The Back to 60 Campaign is attracting the attention of some high-profile people. Michael Mansfield QC has publicly endorsed it, although he has backed off from providing legal representation in their claim for state pension at 60. And now the journalist David Hencke has written a blogpost about the campaign. The sole source of Hencke’s information about the campaign appears to be this video, in which a number of women complain about the effect that not receiving state pension at 60 has had on them and their families. As is all too often the case with 1950s women’s pensions campaign […]

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