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News

A strong economy and big boost in profits still can’t make investors happy

First-quarter indicators showed that while the economy has yet to roar due to all the recent fiscal stimulus, it's at least starting to purr. Friday's GDP report, for one, painted a somewhat positive picture. The 2.3 percent growth rate may not have looked like anything spectacular, but it was the first time the first quarter beat economist expectations since 2008, according to Bespoke Investment Group. The employment cost index, a metric closely watched at the Federal Reserve, showed compensation cost for nongovernment workers up 2.7 percent, compared with 2.4 percent a year ago.
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CIA Whistleblower: Trump Is Doing What Kennedy Tried To

Former CIA Officer and whistleblower Kevin Shipp says what is going on with Donald J. Trump “is an ongoing coup to remove a duly elected President.” Shipp contends, “This is a huge constitutional crisis like the country has never seen before. This makes Watergate look like a Sunday school class.”
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Bond Yields Break Out… Is This The End For the Everything Bubble?

The ugly reality of inflation has begun to raise its head. As we have noted previously, inflation is WELL above the Fed’s so-called target of 2%. Indeed, two of the Fed’s own in-house measures of inflation (the NY Fed UIG and Atlanta Fed Sticky Inflation measures) are clocking in at 3.14% and 2.5%, respectively. That, in of itself, is a REAL problem for the debt-based financial system. Since 2008, the US has added over $9 trillion in public debt along with another $3 trillion in corporate debt, and $1.2 trillion in consumer debt.
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