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ZeroHedge (Telegram)

Earnings Improve, But Beware Of Trojan Horses

Most US analysts remain optimistic about earnings continuing to improve despite economic growth deteriorating as inflation increases and liquidity decreases. However, earnings are the byproduct of economic growth, and so the sustainability of record-high earnings and corporate profit margins is questionable. While some surges in demand were created by fiscal policies in response to the pandemic, reversion of activity will be worsened due to the pull forward of consumption, which could result in a proliferation of valuation declines.

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Gateway Pundit (Telegram)

Trump Campaign Attorney, Christina Bobb, confidently defended former President Donald Trump in an interview with The Gateway Pundit regarding a case involving alleged withheld classified documents. She stated that Trump, subject to the Presidential Records Act, has the sole decision-making authority over which documents he retains or turns over. Bobb also compared this situation to a 2012 case brought by Judicial Watch against the former Clinton administration. Furthermore, she underscored the precedent set by Judge Amy Berman Jackson's decision, emphasizing that the responsibility of record maintenance rests with the President, not the Archivist.
ZeroHedge (Telegram)

CIA Slammed For 'Dystopian' Pride Tweet

The CIA has tweeted its support for Pride month, leading to criticism, given that the CIA conducted โ€œhomosexual investigationsโ€ and had described gay people as โ€œhaving mental or emotional problems.โ€ While the tweet sparked disbelief and accusations of coercion, other government agencies, including the military, have also supported Pride events in recent weeks leading some to fear that such statements are part of a concerted push to influence citizens with politically correct messages.

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