JP Morgan: The Recession Has Been Called Off
Posted By: Dreadnought, 5/13/2025 7:34:57 PM
Beege's excellent post on the financial bonanza that Trump's tariffs have brought highlights one side of the story that the Pravda Media didn't expect. JP Morgan's reversal of its prediction that Trump's trade policy would usher in a recession tells the other side. All the "best people" have missed the point of Trump's moves to reshape world trade. JP Morgan's prediction that the tariffs would usher in a serious recession was not insane. Any economist will tell you that, all other things being equal, reducing the friction involved in people trading will reduce the efficiency of the market. Inefficient markets increase costs, reduce economic activity, and lead to lower growth.
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Hamas’s leader in Gaza, Muhammad Sinwar, was targeted in a massive Israeli airstrike at a hospital in the southern Gaza Strip on Tuesday afternoon, security sources said.
The Israel Defense Forces, which did not confirm if Sinwar was killed, said in a statement that it had targeted Hamas operatives at an underground command center belonging to the terror group, below the European Hospital in Khan Younis. The military also released footage from the aftermath of the strike. The video purported to show that the IDF strike had uncovered the tunnel under the hospital, though the footage showed an adjacent school and not the medical center.
The Equal Employment Opportunity Commission is investigating whether Harvard University unlawfully hires faculty based on race and sex, arguing that the school’s own data provides evidence of discrimination. The probe is the latest federal action against the beleaguered university, which last month sued the Trump administration over its decision to freeze more than $2 billion in aid to the Ivy League school.
In a document initiating the investigation, the EEOC cited materials on Harvard’s website—many of them now deleted—in which the school bragged about increasing the number of "women, non-binary, and/or people of color" on the faculty. The largest increase was in the share of non-white tenure-track faculty
Harvard can't claim they weren't warned. Education Secretary Linda McMahon sent a letter a week ago to Harvard president Alan Garber warning him to start complying with the administration's interpretation of the Civil Rights Act and two Supreme Court decisions on discrimination.
Harvard ignored the letter until yesterday, when Garber tried sweet-talking McMahon out of her decision to disqualify Harvard from any federal funding until they acted to end discrimination and anti-Semitic intimidation campaigns on campus. Garber tried to argue that he and McMahon were sympatico on those goals, but just differed on how to achieve them:
Beege's excellent post on the financial bonanza that Trump's tariffs have brought highlights one side of the story that the Pravda Media didn't expect.
JP Morgan's reversal of its prediction that Trump's trade policy would usher in a recession tells the other side.
All the "best people" have missed the point of Trump's moves to reshape world trade. JP Morgan's prediction that the tariffs would usher in a serious recession was not insane. Any economist will tell you that, all other things being equal, reducing the friction involved in people trading will reduce the efficiency of the market. Inefficient markets increase costs, reduce economic activity, and lead to lower growth.
MLB lifts Pete Rose, ‘Shoeless’ Joe
Jackson bans in shocking reversal that
opens Hall of Fame paths 6 replies
Jackson bans in shocking reversal that
opens Hall of Fame paths 6 replies
Pete Rose is finally out of MLB’s doghouse, and he has some company.
Rose, placed on the league’s permanently ineligible list in August 1989 over gambling on baseball, was reinstated by commissioner Rob Manfred on Tuesday — and was joined by “Shoeless” Joe Jackson, according to ESPN.
“Obviously, a person no longer with us cannot represent a threat to the integrity of the game,” Manfred wrote in a letter to attorney Jeffrey M. Lenkov, who petitioned for Rose’s removal from the list Jan. 8, per the outlet. “Moreover, it is hard to conceive of a penalty that has more deterrent effect than one that lasts a lifetime with no reprieve.
The Democratic National Committee (DNC) has taken steps towards removing gun control activist and Marjory Stoneman Douglas High School shooting survivor David Hogg as vice chairman.
On Monday, the credentials committee of the DNC voted 13-2 to void the election results from February in which Hogg and Pennsylvania state Rep. Malcolm Kenyatta (D) were elected to serve as co-vice chairmen of the DNC, according to the New York Times. The vote comes as Hogg is reportedly planning to “spend up to $20 million” to fund “primary campaigns against incumbent Democrats.”
Per the outlet, the decision from the credentials committee came after “three hours of internal debate and one tie vote,”
A civilian West Point professor made a public spectacle of his exit from the US Military Academy and, in the process, inadvertently proved the wisdom of the policies he was griping about. Dr. Graham Parsons, professor of philosophy and a 13-year veteran of West Point's civilian faculty, took to the op-ed pages of the New York Times to announce that the academic environment at West Point has shifted focus and he was just not going to take it: Opinion | West Point Is Supposed to Educate, Not Indoctrinate.
The op-ed was in response to the directive by President Trump
Planned Parenthood’s newest annual report shows the pro-abortion organization facilitated a record number of abortions, over 402,000, and received more taxpayer funding than ever before.
Planned Parenthood’s 2023-24 report says it provided 402,200 abortions during that time period, while receiving $800 million of taxpayer funding, or over $2 million daily.
“For yet another year, pregnant women seeking help at Planned Parenthood are sold an abortion 97% of the time, while prenatal services, miscarriage care and adoption referrals make up a minuscule minority of the options they offer. Meanwhile their priorities include their assault on parental rights, transgender treatments, and political spending to defeat Republicans,”
Hamas on Monday released Edan Alexander, the last living American hostage in Gaza, marking a major milestone in the long-running negotiations between Israel, the terror group, and the United States that began when terrorists invaded Israel and kidnapped hundreds of civilians.
Alexander, who holds duel Israeli-American citizenship, was handed over to representatives from the International Committee of the Red Cross, the Israeli military said. The Red Cross will deliver Alexander to a special Israeli military unit and he will then be taken to a reception facility in Reim for medical and psychological examinations before being reunited with his family and airlifted to Ichilov Hospital in Tel Aviv.
We previously reported that the U.S. has reached a trade deal with China, after big talks in Geneva, Switzerland. News of the deal broke on Sunday, following hours of discussions involving Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer, and Chinese officials. Now the details have been released. The tariffs President Donald Trump announced against China on April 2 are being cut by 24 percentage points for this temporary period while retaining the remaining ad valorem rate of 10% from that announcement,
President Donald Trump announced he plans to sign an executive order on Monday that will reduce the cost of prescription drugs and pharmaceuticals "almost immediately, by 30% to 80%."
Trump made the announcement on Truth Social Sunday.
"For many years the World has wondered why Prescription Drugs and Pharmaceuticals in the United States States of America were SO MUCH HIGHER IN PRICE THAN THEY WERE IN ANY OTHER NATION, SOMETIMES BEING FIVE TO TEN TIMES MORE EXPENSIVE THAN THE SAME DRUG, MANUFACTURED IN THE EXACT SAME LABORATORY OR PLANT, BY THE SAME COMPANY???" Trump wrote. "It was always difficult
Qatar on Sunday denied reports that the Trump administration is preparing to accept a luxury jet from the country’s royal family.
ABC News reported earlier Sunday that a super luxury Boeing 747-8 jumbo jet would become available for President Donald Trump as Air Force One and then donated to his presidential library foundation so he could use it after leaving office.
But Ali Al-Ansari, Qatar’s Media Attaché to the U.S., told POLITICO the reports are “inaccurate.”
“The possible transfer of an aircraft for temporary use as Air Force One is currently under consideration between Qatar’s Ministry of Defense and the U.S. Department of Defense, but the matter remains under review
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LOS ANGELES — Democratic National Committee Vice Chair David Hogg said Friday that Democrats have to figure out how to grow their party in order to help younger people pay their bills and focus on having fun and sex. He told comedian Bill Maher during an appearance on the “Real Time” show that assisting younger people with getting by will allow them to “focus on what young people should be focused on.” (snip) “Young people should be able to focus on what young people should be focused on, which is how to get laid and how to go and have fun,” the vice chair continued.
The Democratic National Committee (DNC) has taken steps towards removing gun control activist and Marjory Stoneman Douglas High School shooting survivor David Hogg as vice chairman.
On Monday, the credentials committee of the DNC voted 13-2 to void the election results from February in which Hogg and Pennsylvania state Rep. Malcolm Kenyatta (D) were elected to serve as co-vice chairmen of the DNC, according to the New York Times. The vote comes as Hogg is reportedly planning to “spend up to $20 million” to fund “primary campaigns against incumbent Democrats.”
Per the outlet, the decision from the credentials committee came after “three hours of internal debate and one tie vote,”
Restaurants on Lower Broadway have shut down due to fears of Immigration and Customs Enforcement (ICE)’s presence in Nashville.
Fox 17 reported that at least two restaurants closed last weekend due to the rumored presence of law enforcement.
“It’s just creating this general sense of fear all the time,” said a manager to Fox 17. “There were rumors flying around about ICE being on Lower Broadway. It was credible enough that we had to close the restaurant because back-of-house staff had to leave. Everyone split.”
Former Transportation Secretary Pete Buttigieg held a town hall in the influential early-contest state of Iowa on Tuesday, potentially fueling added speculation about another presidential run for the prominent Democrat. Buttigieg held the town hall with VoteVets, a progressive political action committee advocating on issues like national security and veterans’ care, in Cedar Rapids, marking the first time he’s been back to Iowa since the end of the Biden administration. The former 2020 presidential candidate noted that he’s not currently a public official, nor is he actively running for office and called on officials to take part in more events
Democrat Rep. Shiri Thanedar (MI) has introduced a resolution to force a chamber-wide impeachment vote against President Trump.
Thanedar introduced “his impeachment resolution as privileged on Tuesday afternoon, meaning leaders have two days of the House in session to take up the legislation,” per Fox News.
No House Republicans have signaled support for the measure, and leaders could potentially keep lawmakers from voting on impeachment at all.
When deeming his resolution privileged, Thanedar said the president “has unlawfully conducted himself, bringing shame to the presidency and the people of the United States,” while calling the Department of Government Efficiency (DOGE) a “flagrantly unconstitutional creation.”
Democrats have not backed the impeachment resolution,
David Hogg, who emerged as a gun control advocate and political activist after he survived the horrible 2018 Marjory Stoneman Douglas High School shooting in Florida, has shaken up the Democrat party and caused intense navel-gazing and infighting among the ranks. You see, after the 25-year-old was voted in as vice chair of the Democratic National Committee, he continued to agitate and raise money for party candidates who were challenging Dem incumbents—in effect, going directly against the DNC’s core mission.
Now some want him gone, and on Monday night, they took action [snip] Hogg isn’t taking it well
In his latest proposal to end the war in Ukraine, former President Donald Trump reportedly offered Vladimir Putin a dangerous concession: de jure recognition of Russia’s annexation of Crimea. The proposal appears to accept the idea that Crimea was once part of Russia and that returning it to Russia would restore historical justice.
This logic is not just politically reckless, it is historically and legally indefensible. It echoes the imperial narrative Putin himself has long advanced: that modern Russia is the rightful heir to the entire Russian Empire[snip]
Crimea was never part of Russia, and the Russian Federation is not a successor to the entire Russian Empire.
An incendiary trend involving laptops and fueled by social media has gripped various school kids across the U.S., sparking fires, warnings, and juvenile criminal charges. Several teenagers have been tampering with their school-issued Google Chromebooks by inserting objects capable of conducting electricity into the laptops’ charging ports, causing the laptops to short-circuit and burn, according to authorities. The illegal act is also a social media trend, they said.
Joe Biden Was Senile? Who Knew?
13 replies
Who didn’t? I was on Australian television during the 2020 election campaign, and casually mentioned that Joe Biden was senile. Rita Panahi was startled and said, “Wait, what? Joe Biden is senile?” I explained that this was why he was running a basement campaign rather than putting on campaign events like Donald Trump did. It seemed obvious at the time.
Biden’s debility became increasingly clear over the four years of his term. The videos of Biden being unable to speak without a teleprompter, being unable to read a teleprompter, falling down, wandering about, speaking inappropriately in various ways, were legion.
Oh, my GAWD -this is getting so good.
I mean, to the point where there's no 'Republic of Alberta...YET,' good.
The morning after the country went to the polls, Alberta Premier Danielle Smith laid down the law to newly elected Canadian Prime Minister and WEF/Davos climate cult toadie Mark Carney that she - meaning Alberta - wasn't going to stand for any NetZero nonsense out of Ottawa. They'd quite had their fill, thank you.
Last week, President Donald Trump fired Dr. Carla Hayden as Librarian of Congress. Press Secretary Karoline Leavitt explained why in a press briefing: [video]
One of Hayden’s moves was to allow entertainer Lizzo to play James Madison’s crystal flute in 2022. At the time, Lizzo was wearing next to nothing, and she twerked while holding the 200-year-old musical instrument. [Video]
On Monday, staff prevented Assistant Attorney General Todd Blanche, Trump’s appointee to head the Library of Congress, from doing his job. The Post Millennial reports:
Blanche sent two Justice Department Officials over to the Library of Congress on Monday with a letter
In the weeks surrounding President Trump’s inauguration, America’s propaganda press relentlessly cited leftist claims that 15,000 trans-identifying individuals would be booted from the military under the new commander-in-chief. The insinuation, of course, was that such a move would harm “military readiness” and the country’s national security.
In a statement to The Federalist, a Defense Department official said that, as of February, there are “approximately 4,200 Active-duty, Guard and Reserve service members currently serving diagnosed with gender dysphoria” throughout the armed forces. The total is roughly the same that was announced by the agency in February.