Trump Administration Seeks to Avoid Withdrawal From Paris Climate Accord

“See, these people only want what is best for Americans…You can trust them.” 

Trump’s instincts were right on this to begin with. Or maybe they were Steve Bannon’s. Either way they were correct. The Paris Climate Accords should not include the US. We should not agree to the system of global income redistribution (sure to go to cronies in the “developing world”) that is embedded in this “climate” accord.

Climate change is an issue that should be explored and considered.

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Student loan debt has grown 250% in the last 10 years—here’s where grads owe the least

Right about now reality is hitting 2017 grads.

By the way, the only way to really get at the heart of the problem is to cut student loan programs. All the easy money has inflated the cost of education. But the universities don’t want that and prospective students are afraid they’ll be left out in the cold. So I guess we’ll keep on with the current silliness.

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JIM ROGERS: The worst crash in our lifetime is coming, “Later this year or next.”

We still haven’t felt the full wrath of the ghost of 2008. There is still more to pay. Many of us of course already have paid dearly, but the banking system has not paid the way it must. Which means that WE, the non-bankers will pay again.

Keeping powder dry is always smart, if possible. It’s not for many Americans. Which makes any potential crash highly destabilizing. Then add in the current political risk in the USA.

Watch Puerto Rico.

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David Stockman: Trump stock bump in danger, debt looming, no corporate profit surge coming (VIDEO)

The “Trump bump” has been dramatic. There was a collective sigh of relief from investors as they watched Obama fly away on Marine One. Maybe, finally, the economy would be allowed to breathe.

Perhaps to some degree. But David Stockman warns correctly that the debt monster looms over the economy and that the debt monster is hungry. If we see a real move up in interest rates that debt, roughly 20 TRILLION dollars, is going to be much more expensive to finance.

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The High Cost of a Home Is Turning American Millennials Into the New Serfs

This is an excellent piece and pings directly on what we have seen firsthand. Millennials are being regulated, by many means, right out of home ownership. The author makes the point that despite the spin, Millennials actually want their own homes. They want families. They don’t necessarily want to spend their lives in tightly packed cities. They just can’t afford homes, families, or to move. Few Millennials will admit this but it’s true. But hey, the mimosas are bottomless at brunch.

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