By David Stockman
David Stockman's Contra Corner
April 30, 2025
Donald Trump's War on America's $5.4 trillion of two-way trade with the rest of the planet is surely one of the most senseless acts of state aggression in modern times, if ever. That's because its predicate-that America's giant, unsustainable trade deficits are owing to unfair trade-is dead wrong.
And we do mean wrong-as in completely, unequivocally and with no if, ands or buts.
By Charles Hugh Smith
OfTwoMinds.com
April 29, 2025
There are always statistical games that can be played to mask the realities of our neofeudal economy and society. But "narrative control" can't obscure the facts or the banquet of consequences that these realities have set.
Not everyone in America gained ground as a result of the rampant hyper-financialization and hyper-globalization of the 21st century.
By Charles Hugh Smith
OfTwoMinds.com
April 26, 2025
So where are corporate profits going to come from as globalization, price-gouging, planned obsolescence, shrinkflation and immiseration run out of rope?
We all know there's a time lag between the moment Wile E. Coyote runs off the cliff at full speed and the moment he realizes there's nothing but thin air beneath his feet. His expression in the second before he begins his descent communicates surprise, fear and a woeful awareness of impending impact with unforgiving ground.
SchiffGold.com
April 25, 2025
On his latest appearance on "Capital Cosm," Peter shares his perspective on the mounting pressures facing the U.S. economy, especially as America's debt situation grows more dire. He unpacks the consequences of persistent trade deficits, the shifting global appetite for U.S. financial assets, and the implications for the U.S. dollar's reserve status.
By Tom Woods
April 25, 2025
Yesterday the White House released an executive order called "Restoring Equality of Opportunity and Meritocracy," taking aim at the inane and destructive "disparate impact" policy.
According to this policy, if any employment requirement has a "disparate impact" on the races, the employer can be hauled into court and forced to defend the requirement - easier said than done.