When central banks lower rates, borrowing becomes easy and cheap. Governments, corporations, and consumers pile on debt.
Category: HOMEPAGE
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WALL STREET INCREASINGLY ALARMED BY U.S. DEBT CRISIS
With the annual U.S. budget deficit already climbing toward $2 trillion, Republicans in Congress dug the budget hole even deeper by passing Donald Trump’s “big beautiful” tax-cut legislation, which the latest projections say will add $3.4 trillion to the national debt by 2035.
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THE ENDPOINT OF TECHNOCRACY
OpenAI’s Sam Altman says humans will soon live with a 24/7 AI companion. Meta CEO Mark Zuckerberg is betting people will wear it as part of an augmented reality experience in some version of AR “smart” glasses that will supplant smartphones.
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TRUMP BRUSHES OFF MUSK’S AMERICA PARTY PUSH, SAYS THIRD PARTIES ‘NEVER WORKED’
President Donald Trump seemed to brush aside Elon Musk’s decision to fund a viable third party in the U.S., saying the world’s richest man could have “fun with it,” but called the idea “ridiculous.”
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RUSSIA LAUNCHES BIGGEST AERIAL ATTACK ON KYIV, MAKES GAINS IN THE EAST
Russia carried out its largest aerial attack on Kyiv since the start of the war on Friday as its forces applied new pressure on Ukrainian troops in Kostiantynivka, a strategically important city in the Donetsk region in eastern Ukraine.
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ECONOMIC UPDATE—MARKET OVERVIEW
We said it before and we will say it again. Never in our 45 years of trend forecasting have we forecast a year of a Wild Card. Day-by-day, hour-by-hour, minute-by-minute the Wild Cards are being played.
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THE U.S. TRADE DEFICIT EXPLODES ANOTHER 11 PERCENT HIGHER IN MAY—ANOTHER COLLAPSE SIGNAL
The U.S. trade deficit just surged another 11 percent in May… it’s a collapse signal.
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TRUMP’S MASSIVE TAX CUTS ENRICH THE RICH
The theory goes like this: massive tax cuts on businesses and the rich will unleash such a flood of investment, spending, and productivity that the cuts will not only pay for themselves but render budget surpluses as far into the future as the eye can see.
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MAHA MIS-STEP: RFK JR. PUSHES INVASIVE TECH HEALTH SURVEILLANCE
Speaking recently at a Congressional hearing, HHS Secretary Robert F. Kennedy Jr., normally a strong advocate for patient rights, appeared to promote a breathtakingly invasive tech device monitoring goal of virtually every American.
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THE OTHER SIDE: IRAN SAYS THEY WON THE WAR WITH ISRAEL AND THE U.S.
Iranians claimed victory over the U.S. and Israel in what has been presented within the country as Tehran’s ability to face down attacks from two of its top rivals and outlast them in a 12-day war that inflicted losses on both sides.