Repairs To Reflecting Pool Will Begin Immediately, Trump Says, Citing Vandalism

Closer Look Reveals April Jobs Report Was A Disaster, And AI Is Now Here To Take Your Job On the surface today's jobs report was very strong: headline payrolls came in nearly double the expected (115K vs 65K), with unemployment flat just so Trump's chief economist Kevin Hassett could push bullish taking points in today's TV circuit such as this one. *HASSETT: 'RIP-ROARING' JOBS MARKET Unfortunately, below the surface this was the ugliest jobs report in years, and one could say even more cooked than last month's laughable surge in jobs (which...

The US is deploying a third aircraft carrier to the Middle East for operations against Iran, US officials told media outlets on Tuesday, a sign that the war will continue to escalate despite President Trump’s claims that he is looking to end the conflict. The aircraft carrier USS George H.W. Bush and other warships that […]

The "Good News" Is Always The Same: The Stock Market Is Up... Until It Isn't Authored by Charles Hugh Smith via OfTwoMinds blog, Cloaking a fake "market" with artifice to maintain its asymmetrical distribution of wealth and income also cloaks its detachment from the real world. I often refer to the dynamics of self-correction and self-liquidation. Systems that use feedback to rebalance extremes are self-correcting: rather than accelerate as they approach a cliff, they slow down and reorganize to avoid runaway self-reinforcing feedback (i.e. positive feedback), a.k.a. run to failure. Some things are self-liquidating by...