Schwab: “New Accounts Are At Levels We Have Not Seen Since The Dot Com Bubble” As Millennials Rush Into Stocks

Schwab: “New Accounts Are At Levels We Have Not Seen Since The Dot Com Bubble” As Millennials Rush Into Stocks:

 We can now officially close the book on the “cash on the sidelines.”

One week ago, we reported that in the latest weekly survey of Bank of America high net worth clients, the cash allocation had fallen to an all time low of just 10.4%, below the previous record low of 11% in April 2007 as everyone is “forced” to dance in this market, in which the music is still playing.

Now, in a separate confirmation of what Deutsche Bank recently classified as market “froth”, Jonathan Tepper points out that the stock euphoria has finally spread to the retail investor.

Read moreSchwab: “New Accounts Are At Levels We Have Not Seen Since The Dot Com Bubble” As Millennials Rush Into Stocks

High Court blocks bid to prosecute Tony Blair over Iraq War

High Court blocks bid to prosecute Tony Blair over Iraq War:

Lord Chief Justice says there is ‘no prospect’ of the case succeeding

The High Court has blocked a bid by a former chief of staff of the Iraqi army to bring a private prosecution against Tony Blair over the Iraq War.

Read moreHigh Court blocks bid to prosecute Tony Blair over Iraq War

Scaramucci Fired As Trump’s Communications Director After Just 10 Days

Scaramucci Fired As Trump’s Communications Director After Just 10 Days:

That didn’t take long: just over a week after Anthony Scaramucci was appointed as the new White House communications director, and just three days after Trump fired the Mooch’s arch nemesis Reince Priebus, the NYT reports that Trump has removed Scaramucci from the role of Communications Director, under instruction from Trump’s new chief of staff, Gen. Kelly.

According to the NYT, Scaramucci’s abrupt removal came just 10 days after the wealthy New York financier was brought on to the West Wing staff, a move that convulsed an already chaotic White House and led to the departures of Sean Spicer, the former press secretary, and Reince Priebus, the president’s first chief of staff.

Read moreScaramucci Fired As Trump’s Communications Director After Just 10 Days

South Korea Is Preparing A “Surgical Strike” Against The North: Report

And what could possibly go wrong?

South Korea Is Preparing A “Surgical Strike” Against The North: Report:

According to a report in South Korea’s Munhwa Ilbo newspaper, which cites an unidentified government official, South Korea’s military is preparing a “surgical strike” scenario that could wipe out North Korean command and missile and nuclear facilities following an order by S.Korea’s President Moon Jae-in. Munhwa adds that the military is to report the scenario to presidential office after completing it as early as August 1.

As the report details, South Korea’s Special Forces are preparing a special strike op which would be launched in response to President Moon Jae-In’s order to remove the North Korean leadership in case of emergency. This operation is taking place in addition to separate preparations currently conducted by the country’s military forces.

Read moreSouth Korea Is Preparing A “Surgical Strike” Against The North: Report

Trump: “We’ll handle North Korea. It Will Be Handled. We Handle Everything”

Trump: “We’ll handle North Korea. It Will Be Handled. We Handle Everything”:

With Gen. John Kelly set to be sworn in as Trump’s new Chief of Staff, just days after the latest and most advanced North Korean ICBM test yet, one which can reportedly reach as much as half the major metro areas on the continental US, President Trump on Monday pledged to “handle” North Korea’s provocative belligerence, without specifying exactly how he would do so as he faces rising tensions and limited options.

“We’ll handle North Korea. We’re going to be able to handle North Korea. It will be handled. We handle everything, Trump told reporters at the start of Monday’s first Cabinet meeting with his new Chief of Staff, flanked by Secretary of State Rex Tillerson and Defense Secretary James Mattis.

The comments follow “guidance” from the US Ambassador to the UN, Nikki Haley, who on Sunday told CNN that the “time for talk” is over. As CNN noted, “it was a seemingly stark admission – the US ambassador to the UN suggesting the North Korean crisis couldn’t be solved through diplomatic channels in the Security Council.”

Read moreTrump: “We’ll handle North Korea. It Will Be Handled. We Handle Everything”

Here Comes The Next Escalation: Pentagon Offers To Arm Ukraine

And why not????? Putin will be delighted.

Here Comes The Next Escalation: Pentagon Offers To Arm Ukraine:

When we reported yesterday about Putin’s surprisingly harsh response to last week’s House legislation to launch new sanctions against Russia, which also binds Trump from unilaterally removing sanctions without getting Congressional approval, we concluded that “now we await the US re-retaliation in what is once again the same tit-for-tat escalation that marked the latter years of the Obama regime, as the US Military Industrial Complex breathes out a sigh of relief that for all the posturing by Trump, things between Russia and the US are back on autopilot.

We didn’t have long to wait.

Read moreHere Comes The Next Escalation: Pentagon Offers To Arm Ukraine

Cities dumping human sewage on farm land across America is contaminating the food supply and destroying the ecosystem

Cities dumping human sewage on farm land across America is contaminating the food supply and destroying the ecosystem:

Since the EPA started promoting the “land application” of sewage sludge in 1993, millions of tons of this toxic biosludge have been spread on the farmland and public parks in our nation. It also sometimes makes its way to the organic compost and fertilizer section of your favorite garden supply store. What happens to it next? No one can say for sure because it is not tracked once it leaves the wastewater treatment plants and there is no national system for reporting problems related to it, but there is no doubt that is has the potential to cause significant harm given its contents.

One lawsuit from 2008 shows how pervasive this waste can be. In that case, a federal court acknowledged that sludge applications on a Georgia farm killed hundreds of dairy cattle and contaminated the supply of milk across several states. Federal Judge Anthony Alaimo said in his ruling that “senior EPA officials took extraordinary steps to quash scientific dissent and any questioning of EPA’s biosolids program.”

Read moreCities dumping human sewage on farm land across America is contaminating the food supply and destroying the ecosystem

An Ohio Factory Owner Is Eager To Hire Workers, There Is Just One Problem…

An Ohio Factory Owner Is Eager To Hire Workers, There Is Just One Problem…:

The co-owner of Warren Fabricating & Machining in Ohio said that four out of 10 applicants otherwise qualified to be welders, machinists and crane operators will fail a routine drug test. For 48 of the 50 years her company has been around, drug abuse had never been an issue, until now.

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U.S. Sanctions Venezuela’s President Maduro, Freezes U.S. Assets

U.S. Sanctions Venezuela’s President Maduro, Freezes U.S. Assets:

The Treasury’s Office of Foreign Assets Control (OFAC) has personally sanctioned Venezuelan President Nicolas Maduro, adding him to the list of specially designated nationals, freezing any U.S. assets he may have and generally blocking U.S. persons from transactions involving him.

Today’s sanction is a follow up to last week’s announcement by the Trump administration in which the Treasuey revealed sanctions on 13 senior Venezuelan officials in an attempt to deter Maduro from moving forward with plan to rewrite Venezuela’s constitution in what opponents regard as a potential power grab move. Needless to say, that particular attempt failed.

Read moreU.S. Sanctions Venezuela’s President Maduro, Freezes U.S. Assets