Back in April, our Bill Patalon warned you that Kim Jong Un was like a real-life "Goodfella," and since then, there's been a lot of tense back-and-forth over the June 12 summit in Singapore.
- Leading Economist: Don't Bet Your Holiday Budget on a Rational U.S. Government
- Congress Spent Your Tax Dollars on Sexual Harassment Settlements
- Why the Latest Tax Reform Plan Is "Fake News"
- How Congress Could Make the Fed Even Worse for the U.S. Economy
- The Koch Brothers Are Steering Trump's Tax Reform Policy
- GOP Lawmaker: Use Food Stamp Funds to Pay for Trump's Border Wall
- How Trump Just Squashed the Obama-Era WOTUS Rule That Would've Crippled Farmers
- The Koch Brothers Want These Two Changes Made to the New Healthcare Bill
- How Much Would Trump's Solar Panel Wall Cost - and Who Will Pay?
- Gen. James Mattis: North Korean War Would Be "Catastrophic"
- Pot Stock Investors Will Love What We Saw at D.C.'s Biggest Cannabis Conference
- The No. 1 Opponent of Cannabis (and Cannabis Investors) Could Be History
- Will the U.S. Go to War with Russia?
- Congress Just Gave Comcast the "OK" to Spy on You
- Putin's Net Worth Allegedly More Than Double Bill Gates' Fortune
- Will the U.S. Go to War with Russia?
From the very first episode, I've dug "Mythbusters," the popular Discovery Channel TV series in which special-effects wizards Adam Savage and Jamie Hyneman used the scientific method to prove or "bust" urban legends, myths, rumors, movie scenes, and even current news stories.
Well, there's another sequence of myths making the rounds right now about one of the best stocks you can buy.
So, tongue firmly in cheek, I thought it might be instructive (and fun) for us try our hand at mythbusting, with me as the "host."
So here is the myth, broadly stated...
"Boeing will lose as much as $20 billion in aircraft deals as Trump pulls the United States out of the Iran nuclear pact... and that loss will clobber Boeing."
While I'm having fun "hosting" this "episode," I'm dead serious about a critical examination of these media claims to determine whether they're factual reporting... or yet another cluster of "media myths" aimed at The Boeing Co.
There are three key reasons why this is so important:
Boeing is a longtime Private Briefing favorite and a dynamite outperformer, too. This stock has zoomed as much as 500% since I first recommended it to my subscribers at about $62 back in September 2011. Even after a pullback (before the Iran news broke), the stock is still at $344, a 455% gain - not including dividends.
I've seen these types of scare headlines before - directed at Boeing by journalists who are going for the drama of the disaster du jour, though they clearly don't "get it" in terms of what's really going on. And with each of these - the "Boeing Dreamliner Scare," for instance, and again more recently, with the Southwest Air Flight 1380 incident - those media folks were flat-out wrong.
And most important of all, we believe Boeing continues to be a great long-term growth play - which is why it's on Private Briefing's "Super 10" list of stocks to accumulate when prices go down.
Right now, some of the market's biggest tech leaders are getting ready to report earnings, but there's a big deal of concern over the 10-year Treasury yield.
As members of Congress burned the midnight oil to pass a $1.3 trillion budget bill by their March 23 deadline, they attached a recurring "rider" that bans the U.S. Department of Justice from using funds to interfere with medical marijuana in states that have legalized it.
U.S. President Donald Trump went on to sign that $1.3 trillion spending measure, which protects medical marijuana businesses through at least Sept. 30. And this time he didn't include a signing statement reserving his right to ignore that rider, which he did last May.
In other words, we just got another "green light" from Washington.
Now, this isn't exactly a slam dunk for the industry: Some lawmakers wanted to extend these protections to cover recreational marijuana as well, but the U.S. House Rules Committee blocked that effort along a party-line vote on March 21.
This top economist says Americans shouldn't risk their holiday budgets on a rational U.S. government.
That's because Congress is facing a fiscal crisis on two fronts.
Members of Congress accused of sexual harassment have used your tax dollars to pay for settlements to the victims.
And to make matters worse, confidentiality requirements ensured that the Congressmen responsible remained anonymous - and safe from any negative consequences.
But the recent revelations of sexual harassment against high-profile lawmakers like Rep, John Conyers and Sen. Al Franken have uncovered this unseemly practice.
The truth is, the GOP's sweeping plan to overhaul the U.S. tax code - the plan to create jobs and lighten the tax burden on America's wage-earning workers - is insulting.
That's because the justification for the cuts is based on hoary, old, fake tax policy narratives like: "Higher taxes on the rich hurt the economy," and "tax cuts for the rich trickle down," or "U.S. corporate taxes are the highest in the world," and "lowering taxes will bring outsourced jobs back home."
Besides being fake, nothing in any of these narratives addresses the new American economy, where more income is earned by companies and wealthy individuals through capital than through labor.
When you understand that, you'll see why income and wealth gaps are increasing all over the United States.
What's more, you'll see that the real, workable solution is in fact a few simple tax and tax-cutting ideas that actually spread the wealth.
Congress wants control over the Federal Reserve, even though the economy has never been its strong suit.
But the real reason Congress shouldn't be anywhere near the Fed? Western culture.
The Koch brothers' vast monied lobbying network is going to take on tax reform next week.
They'll be hosting a party for White House GOPers on Monday.
Rep. Steve King (R-IA) rustled feathers when he proposed a radical way to fund President Donald Trump's promised border wall.
While you're probably familiar with POTUS, FLOTUS, and SCOTUS, it's time to add a new acronym to your political vocabulary.
The Koch brothers' vast, moneyed lobbying network shelled out fat cash to host the Senate healthcare bill's biggest GOP opponents this weekend.
It's not a full repeal of Obamacare, they argue. So these senators are holding the bill hostage...
U.S. President Donald Trump has a new idea for his promised wall along the Mexican-American border...
A solar panel wall.
Global tensions with North Korea have been heating up, and the White House is finally speaking up about it.
On May 28, Gen. James Mattis weighed in on what could happen as North Korean tensions escalate, saying the war would be "catastrophic."
Michael Robinson predicted that marijuana-hostile Jeff Sessions wouldn't win his fight against legal cannabis.
A recent trip to D.C. to meet some of the biggest players in the cannabis sector confirms it: Sessions is through.