The Sy Hersh effect: killing the messenger, ignoring the message

As Los Angeles Hits "Breaking Point" Population Exodus, Houston's GDP Rockets Higher California - which spends nearly 40% of taxpayer revenue ($95.5 billion, not including federal funds) on social services that's rife with  fraud - and which spends roughly 25% of its $95.5 billion Medi-Cal budget (free healthcare) on illegal immigrants, is in the midst of a massive population exodus due to housing affordability, crime, taxes, wildfires, parental rights, and homelessness.  And while San Francisco and Los Angeles compete for the biggest cesspool in the country, LA county just took the crown when it comes to population...

The proverb “revenge is a dish best served cold” traces to French (“La vengeance se mange froide”), appearing in English literature by the 19th century. Most Americans do not know the French orign of the proverb… It entered popular culture thanks to Star Trek. In Star Trek II: The Wrath of Khan (1982), Khan Noonien Singh delivers the […]

US Futures Resume Rally As Iran Optimism Returns The optimism that helped list the S&P on 11 of the prior 12 days, and the Nasdaq on 13 consecutive days until Monday's modest pullback, is back - because one can apparently draw the same exact event for 3 weeks now - and sending US equity futures higher again on signs that Iran will attend talks with the US, while the US president said it’s “highly unlikely” that he’d extend the truce. As of 8:00am, S&P 500 futures rose 0.4%, rebounding from Monday’s...