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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Dreadnought"
Trump Brokers $200 Billion Boeing Deal
in Qatar, Signaling a New Era of Aviation Diplomacy 7 replies
in Qatar, Signaling a New Era of Aviation Diplomacy 7 replies
President Donald Trump announced on Wednesday a $200 billion deal between Qatar Airways and Boeing, a lifeline for the beleaguered American aerospace giant and a powerful symbol of the diplomatic maneuvering defining his presidency.
The agreement, signed in Doha during Trump’s Middle East tour, includes the purchase of 160 Boeing jets by the state-owned Qatari carrier.
“It’s over $200 billion, but 160 in terms of the jets. That’s fantastic,” Trump said at the signing ceremony, flanked by Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani and Boeing Chief Executive Kelly Ortberg. The deal marks a rare bright spot for Boeing, whose fortunes have been in freefall.
New: South African Government Releases
Terrifyingly Chilling Statement on Fleeing
White Afrikaners 17 replies
Terrifyingly Chilling Statement on Fleeing
White Afrikaners 17 replies
The case of around 50 white Afrikaner refugees from South Africa has turned the political discourse upside down. After years of never finding a migrant they didn't approve of, Democrats and their press allies are suddenly greatly offended that President Donald Trump would dare grant asylum to a statistically insignificant number of people.
On CNN, former Obama campaign official and current analyst Ashley Allison went on a racist rant, proclaiming they should go back to "Germany" if they don't like the "law of the land" of being persecuted financially and physically. Notably, Afrikaners, who migrated to South Africa some 400 years ago, aren't from Germany,
California Governor Gavin Newsom said Wednesday he wants the state to stop enrolling more low-income illegal immigrants in a state-funded health care program, beginning next year.
Under Newsom’s plan, the state would not end coverage for illegal immigrants who are already enrolled in Medi-Cal, the state’s Medicaid program. However, the state would begin charging adults with “unsatisfactory immigrant status” a monthly premium of $100 beginning in 2027.
Newsom’s announcement comes after the governor previously said in March he was not considering rolling back health benefits for low-income illegal immigrants, even as the state contended with a $6.2 billion Medicaid shortfall.
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 8 replies
Jackson bans in shocking reversal that
opens Hall of Fame paths 8 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.
Most Active Articles (last 48 hours)
Democrat Rep. Summer Lee (D-PA) is slated to introduce a reparations resolution this week, as she believes it is a “moral and legal obligation” for Americans.
The resolution itself involves the U.S. spending “trillions” on reparations for black Americans. The resolution points to Jim Crow laws as part of the justification for the use of U.S. tax dollars going toward this effort.
“This is a moment in time where societies are shaped [and] new societies are built. We should be the ones who are shaping it,” Lee said, enraged that President Donald Trump ended many diversity, equity, and inclusion (DEI) measures with the “stroke of a pen.”
Over the years, numerous studies, speeches and books have focused on a phenomenon known as self-sabotage. The subjects are highly successful people who throw it all away by behaving recklessly when they get to the top of the heap. Think Bill Clinton with Monica Lewinsky. Overconfidence, boredom and a notorious quest for power are among the reasons commonly identified as explanations for the destructive cycle.
Environmental Protection Agency Administrator Lee Zeldin hinted Monday that he’s preparing to roll back one car feature that every driver “hates.”
“Start/stop technology: where your car dies at every red light so companies get a climate participation trophy,” Zeldin tweeted Monday in a post that has since racked up more than 8 million views.
“EPA approved it, and everyone hates it, so we’re fixing it.”
The feature kills internal combustion engines at red lights and has been touted by proponents for being able to conserve fuel and cut down on pollution.
Critics have questioned whether the feature can wear down the car’s battery or engine more quickly.
Episcopal Church refuses to resettle White
South African refugees in clash with Trump administration 23 replies
South African refugees in clash with Trump administration 23 replies
The Episcopal Church’s migration service said it will refuse the Trump administration's request to help resettle dozens of White South Africans granted refugee status by the federal government. In a statement, Presiding Bishop Sean Rowe said the Episcopal Migration Ministries will instead terminate its partnership with the government. The announcement came shortly before 59 South Africans arrived in the United States.
"In light of our church’s steadfast commitment to racial justice and reconciliation and our historic ties with the Anglican Church of Southern Africa, we are not able to take this step," Rowe said of the government's request that the church help resettle the South African citizens.
Nearly two dozen Tren de Aragua gangbangers in an ICE detention center in Texas have barricaded themselves and threatened to take hostages in a major uprising — days after migrants spelled out “SOS” in the prison yard.
Members of the Venezuelan gang threatened to hold ICE officers captive and injure them on April 26 as they barricaded the doors of their unit with their cots, covered surveillance cameras, blocked windows, and flooded the unit by clogging the toilets, according to the Department of Homeland Security.
The takeover attempt lasted “several hours,” with the detainees ignoring the orders of ICE agents.
New Beard, Same Buttigieg
17 replies
I wish I could locate the Twitter wit who said, during the Biden administration, that "Pete Buttigieg is so bad at being Secretary of Transportation that people actually know the name of the Secretary of Transportation." (Snip) Nothing seems to stand in the way of the unaccomplished former Indiana mayor taking another stab at his party's presidential nomination — and he's so serious about rebranding himself that he's even grown a beard.
The beard jokes write themselves, but I'm not here to take cheap shots at Buttigieg; I'm here to take high-class, data-rich cheap shots.
Join me, won't you?
New: South African Government Releases
Terrifyingly Chilling Statement on Fleeing
White Afrikaners 17 replies
Terrifyingly Chilling Statement on Fleeing
White Afrikaners 17 replies
The case of around 50 white Afrikaner refugees from South Africa has turned the political discourse upside down. After years of never finding a migrant they didn't approve of, Democrats and their press allies are suddenly greatly offended that President Donald Trump would dare grant asylum to a statistically insignificant number of people.
On CNN, former Obama campaign official and current analyst Ashley Allison went on a racist rant, proclaiming they should go back to "Germany" if they don't like the "law of the land" of being persecuted financially and physically. Notably, Afrikaners, who migrated to South Africa some 400 years ago, aren't from Germany,
In a wide-ranging speech in the Bundestag, the German Chancellor outlined his new government's priorities, including a plan to revive Germany's struggling economy and transform it once again into a "growth locomotive." What you need to know
Germany's new chancellor, Friedrich Merz, is introducing his government's agenda to lawmakers in Germany's parliament, the Bundestag.
Elected in a historic second-round vote, he aims for swift action on growth, migration, and defense. He has also described his cabinet's lack of federal experience as a "great opportunity" for real change.
Senator Tim Kaine (D-VA) said Wednesday on CNN’s “News Central” that he is advancing legislation that would force the Trump administration to produce a human rights report on El Salvador that would result in “serious consequences” if violations were found.
Kaine said, “We just want the administration to follow the law and so there is a privileged motion, which means even a single senator can file it and you’ll be guaranteed a vote that will require the administration within 30 days to produce a human rights report on El Salvador, including the conditions of the prison to which American residents are being sent
One of the most embarrassing members of Congress got completely schooled by Health and Human Services Secretary Robert F. Kennedy Jr. after she tried to blame him for the spread of measles across the country.
As TGP readers know, the corporate media has trumpeted the number of measles cases spreading across America to smear the Trump Administration, particularly RFK Jr.
These hacks see the rise of this infamous childhood disease as an opportunity to discredit the Make America Healthy Again (MAHA) agenda and create a new so-called scandal within the Trump Administration.
There are currently about 1,100 cases of the highly contagious disease in America, mostly from unvaccinated individuals
Authorities in Lancaster, South Carolina, have charged six illegal immigrants between the ages of 13 and 21 in connection with the “random” May 2 murder of a mother who was driving to meet friends in Rock Hill.
Lancaster County Sheriff’s Office deputies located Larisha Sharrell Thompson, 40, deceased with a gunshot wound behind the wheel of her vehicle on Riverside Road in Lancaster, which is located about an hour south of Charlotte, North Carolina.
On May 12, authorities announced the arrests of three adults, including Asael Aminadas Torres-Chirinos, 21; Jarby Ardon Ramos-Odari, 18; Jeyson Sobied Pineda-Salgado, 17; and three juveniles, ages 13, 14 and 15, in connection with Thompson’s death
Minnesota Governor and National Guard
Begin Preparing for Riots Over Possible
Derek Chauvin Pardon 13 replies
Begin Preparing for Riots Over Possible
Derek Chauvin Pardon 13 replies
Gov. Tim Walz, the Minnesota National Guard, Minneapolis Mayor Jacob Frey, and Hennepin County Sheriff Dawanna Witt have reportedly all been briefed on preparations for potential riots if former police officer Derek Chauvin is granted a presidential pardon.
Chauvin, of course, was the officer filmed kneeling on drug addict George Floyd during his fatal interaction with police. His death caused nationwide deadly Black Lives Matter riots throughout the summer of 2020.