Trade Wars Mean the End of the Bull Market

“Millions of Americans are falling for a dangerous and destructive argument about the need for tariffs and other trade barriers.”

Read more: https://banyanhill.com/corporate-foreign-income/

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A Ghost Army of Workers Is Paid to Do Nothing in the Gulf

“Government is the employer of first resort — even when it has nothing much for its employees to do. That’s part of a tacit agreement between ruling families and citizens.”

Read more: https://www.bloomberg.com/news/articles/2018-06-20/workers-paid-to-do-nothing-a-ghost-army-that-haunts-gulf-rulers

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The latest casualty in the global pension catastrophe is…

“The key issue here: pension plans are almost universally toast.”

Read more: https://www.sovereignman.com/trends/the-latest-casualty-in-the-global-pension-catastrophe-is-23795/

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Senators Vote To Block Marijuana Banking Amendment

“A powerful U.S. Senate panel has moved to block an amendment to let marijuana businesses store their profits in banks.”

Read more: https://www.forbes.com/sites/tomangell/2018/06/21/senators-vote-to-block-marijuana-banking-amendment/

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DEA’s Move to Restrict Opioid Prescriptions Pushed Users to the Dark Web

“New research adds to an increasing body of evidence that restricting opioid prescribing has not solved the opioid crisis but instead worsened it.”

Read more: https://stopthedrugwar.org/chronicle/2018/jun/16/making_matters_worse_deas_move

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Another shelter for warehoused immigrant children is planned for Houston

“Children as young as 18 months who arrive with their parents have been forced into government custody while the adults serve brief sentences for the misdemeanor crime of illegal entry before going to immigrant detention centers. In some cases, they are deported without their children.”

Read more: https://www.chron.com/news/houston-texas/houston/article/border-family-separation-children-houston-texas-13002389.php

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The States Could Reform Obamacare If Only We Would Let Them

“The cause of the most serious problems in Obamacare can be summarized in a single word: Dumping.  Group plans are dumping their sickest, most costly enrollees on the individual market. Within that market, health plans are dumping their most costly enrollees on each other. And individuals are dumping costs on other individuals by waiting to insure until they get sick.”

Read more: https://www.forbes.com/sites/johngoodman/2018/05/29/the-states-could-reform-obamacare-if-only-we-would-let-them/

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Russia cuts Treasury holdings in half as foreigners lose appetite for US debt

“Finding buyers for government debt has become increasingly important since the Federal Reserve halted its bond-buying program in October 2016 after swelling its holdings to more than $4.2 trillion.”

Read more: https://www.cnbc.com/2018/06/18/russia-cuts-treasury-holdings-in-half-as-foreigners-start-losing-appetite-for-us-debt.html

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Fresh Trump tariff threats against China now target $200 billion in goods

“Beijing vowing to retaliate ‘forcefully’ against President Donald Trump’s vow to slap duties on another $200 billion in Chinese imports.”

Read more: https://www.bloomberg.com/news/articles/2018-06-18/trump-targets-another-200-billion-in-china-goods-as-spat-grows

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Bill Bonner: Ike was right!

“There were two big temptations to the American Republic of the 1950s; subsequent generations gave in to both of them.”

Read more: https://bonnerandpartners.com/ike-was-right/

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