It is the 29th of February 2020

News

Yellen: "I Don't Believe We Will See Another Crisis In Our Lifetime"

If there was any confusion why the Fed intends to keep hiking rates, even in the face of negative economic data and disappearing inflation, it was put to rest over the past 2 days when not one, not two , not three, but four Fed speakers, including the three most important ones, made it clear that the Fed's only intention at this point is to burst the asset bubble.

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State Corporate Tax Receipts Just Crashed The Most Since The Recession

After flatlining for the past year, US income tax receipts - both at the federal government and on a state and local level - have been disappointing, and have posted a sharp drop since the start of the year, which is "sounding an alarm about the health of the US economy" in BofA's words (in addition to the countless other alarms about the health of the economy, which however are ignored due to the record stock market).

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"They're Coming Here To Peddle Hate Speech": Portland Mayor Asks Feds To Pull Permit For Pro-Trump Rally

Three days after a known white supremacist killed two men and wounded a third on a Portland commuter train, the city’s mayor is asking the federal government to revoke permits for two pro-Trump rallies planned at the federally-controlled Terry Schrunk Plaza because, apparently, in the far-left bastion that is Portland, Ore., voicing support for President Trump qualifies as hate speech.

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Trump's Budget Will Slash $1.7 Trillion In Entitlements, Cut Food Stamps By 25%

More details from President Donald Trump’s first budget proposal are trickling out via a flurry of overnight reports from The Washington Post, Associated Press and Bloomberg News.

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