Author Archives: bullmarket

President Trump Unveils $4.4 Trillion Spending Plan

President Trump on Monday unveiled a $4.4 trillion spending plan for 2019 that includes funding for the border wall and $1.5 trillion for infrastructure. The budget is focused on “prioritizing the efficient use of taxpayer resources,” said Secretary of State Rex Tillerson. Trump’s proposed budget includes steep cuts to foreign aid, health assistance, the Department of Housing and Urban Development, the ...

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Saudi Arabia ‘Corruption Probe’ Nets $106B from Saudi Rich

The Ritz-Carlton hotel in Riyadh is finally reopening to the public following the Saudi Arabian government’s use of the space as a “luxury prison” to detain and question the country’s most prominent businessmen. The hotel was closed for 99 days, during which time the SA government imprisoned 381 people as part of an anti-graft campaign. Some detainees were released after ...

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Big Brother China Launches New Surveillance Tech

In preparation for the Lunar New Year, Chinese cops are ramping up their crowd-surveillance abilities with facial-recognition sunglasses. China is already a leader in its use of surveillance technology, but the new glasses “could expand the reach of that surveillance, allowing authorities to peer into places that fixed cameras aren’t scanning, and to respond more quickly,” reports the Wall Street ...

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Wage Growth Best in 8 Years

The US economy added 200,000 jobs last month and wage growth was the best we’ve seen since 2009, reports the Labor Department. Wages are up 2.9% compared to last year, and unemployment is just above 4% (a 17-year-low). Average hourly earnings rose 0.4% in December and 0.3% in January, reaching $26.74. These numbers show the labor market is tightening, meaning ...

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Taliban Causing Devastation and Gaining in Afghanistan

Although there has been more of a focus on ISIS, the Taliban is still very much a threat in Afghanistan. There have been attacks in Kabul, the country’s capital, on the last two consecutive weekends, killing hundreds. Over the weekend, a car bomb in a fake ambulance blew up outside a hospital, killing at least 103 people. Just a week ...

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Trump State of the Union Address – Content and Commentary

President Trump gave his State of the Union Address tonight before a packed house in Congressional chambers.  This was a speech that all Americans could follow and relate to. It is perhaps President Trump’s most “presidential” speech ever, no controversial statements, nothing that could offend. It was peppered with personal stories that lifted the emotional content of the speech very ...

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Half of Venezuela’s Economy has Disappeared Since 2013

We noted Venezuela’s collapsed as a country last fall, it no longer has democratic elections. The latest is the country has officially lost half of its economy since 2013. According to the International Monetary Fund, Venezuela’s inflation is at an all-time high with the prices of goods expected to skyrocket by 13,000% and unemployment will reach 30% this year. Last year ...

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Make-or-Break NAFTA Talks Begin in Montreal

Mexican and Canadian officials met in Montreal this weekend to discuss proposals aimed to convince the United States to stay in the North American Free Trade Agreement (NAFTA). Chief negotiators will arrive Tuesday to begin the sixth round of talks, which are scheduled to end on January 29th. Proposals will start with agriculture, energy, and Trump’s demand to increase American-made ...

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New Focus on Trade Agreements with China

President Donald Trump has made it clear that his administration’s trade policies will reflect his “America First” campaign. Last week, it was revealed that China had the largest-ever annual trade surplus with the U.S. in 2017. So why is the U.S. importing more from China than exporting? Well, for years Chinese companies have been accused of stealing trade secrets from U.S. companies and ...

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Automakers on Cruise Control

Ford Motor (F), General Motors (GM) were among several companies and analysts releasing a flurry of forecasts and data for the auto industry this week.  The consensus is that 2017 saw a slight dip in US auto sales after seven years of consistent growth and that 2018 will produce still less sales than 2017. Autodata, for instance, reported that US ...

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