Good day… And a Tom Terrific Tuesday to you! Well, I was wrong… (Mark that down!) I thought we would be up and running with the email version of the Pfennig yesterday… But there’s more “tweaking” that has to be completed first, so… This remains the only way to view the Pfennig each day… Pink Floyd greets me this morning with their song, and my fave Pink Floyd song at that: Comfortably Numb… I’ve used that song title as a phrase to describe the majority of the people in the U.S., saying that they had become comfortably numb about debt. I recall when I first began using the phrase in my writings, and it’s been quite some time ago! Well, the currencies woke up yesterday, and through the night they partied on Wayne… Party on Garth! I told you yesterday, that I thought the Aussie dollar (A$ ) was heading for 76-cents, and that’s where it sits this morning… And kiwi, WOW! up to 73-cents this morning. So, I guess there’s no more sneaking around in a dark room so nobody notices for these two. The lights have been turned on, for everyone to see them on the rally tracks! And someone finally got up to answer the door, and the euro stepped through 1.12, on its way to 1.1250 this morning. Last week, when I made the call for a return to the euro, I titled it. “A Kiss of Death, or a Good Call?” I’m glad to say that we’ve seen no “kiss of death” here… In my Thursday article for the Dow Theory Letters, I really get into how “sentiment” rules these days, and the sentiment toward the dollar is wearing very thin these days… I’m just saying… I read a report this morning that Lola, aka Goldman Sachs was talking down the dollar, saying that “sentiment” toward the dollar was fading. They even talked about how the dollar gets sold by large sums on small negative data and can’t seem to mount a strong rally on any positive data prints… Well, when I read that, it just confirmed my thought that the strong dollar trend is ending… It will take a while for it to work its way out of portfolios, but it’s ending, folks… I can feel it in my bones! Yesterday morning, I told you that Gold was down $ 14 in the early morning trading… Have you heard what caused that move? When I heard what caused it, I said, “Yeah, I believe that one.. NO! and if you do, I’ve got a bridge I would like to sell you!” So, here’s how the story goes… Apparently, someone with “fat fingers” caused 1.8 Million ounces of Gold to trade in one minute, taking out the whole bid side stack… Really? That’s what you want to go with to explain this move? I shake my head in disbelief, for this was an “engineered” move if I ever saw one! So, did you back up the truck and load some Gold onto it at the cheaper prices yesterday? I hope you did, because Gold is up $ 5 in the early morning trading today… Oh! And this is BIG folks! Lola, aka Goldman Sachs came out with a call yesterday saying that their bullish on Gold! And you know what I always say… What Lola wants, Lola gets! I’m just saying… Did you hear the news from India about what is being proposed by the Gov’t regarding Gold? First the Gov’t took some high denomination rupee notes out of circulation last year, and now they want to monitor all Gold held by the citizens. If the Indian citizen holds unreported Gold, the Gov’t wants them to come clean… So, if it were me… I would tell the Gov’t to go whistle Dixie somewhere, because if I held unreported Gold, it would remain that way! The Big 3 Central Bankers are on the docket today to speak… First up was European Central Bank (ECB) President, Mario Draghi, who I hear is continuing to tout persistence in his monetary policy, which is all about stimulus… Next will be Bank of England (BOE) Gov. Mark Carney, who will do his best to keep investors “interested” in the U.K. markets… And then finally, Fed Chair, Janet Yellen, takes the microphone, to do a little Karaoke, no wait! That’s not what she’s taking the microphone for, Chuck! Oh, sorry… No, karaoke? Oh darn it! No, instead, Yellen will be in London, talking about global economic issues… Of these 3, I would think that Yellen has the best chance to really move the markets today, and that “best chances” is like one in 10! But, you never know, right? Stranger things have happened with Central Bankers talk, that’s for sure! Remember about a month or so ago, I told you how the Chinese were allowing the renminbi to appreciate, almost daily? Well, that ended a couple of weeks ago, and since then, the renminbi has been getting marked down with each fixing… You know, I thought we would know more by now about how China was going to change the way they price the renminbi VS a basket of currencies. I guess I’ll have to just take the route of good things come to those who wait! The price of Oil gained about 25-cents in the past 24 hours… Hey! 25-cents doesn’t sound like a lot, but when you’re talking about the number of barrels of Oil that’s traded each day, 25-cents is BIG! And any positive move gets the Petrol Currencies all lathered up. The Russian ruble at one point this year, was the best performing currency, but not any longer, as the drop in the price of Oil has taken a HUGE bite out of the ruble… When I wake up my laptop each day, I look at the currencies to see what’s happened while I slept, and I look for the Russian ruble, because I can usually tell what the price of Oil is doing, by the performance of the ruble… An unabashed Oil Play if I’ve ever seen one! By that I’ll repeat what I’ve said for a few years now, and that is… If you believe that the price of Oil is going to rally, then look to buy rubles, if you don’t believe the price of Oil is going to rally, then don’t look to buy rubles! that’s right, move along… for these are not the droids you’re looking for! Speaking of waking up… Man, I did NOT want to wake up this morning! I even had to resort to eating something crunchy this morning while my fat fingers worked the keyboard… Eating something crunchy gets your inner system going, and from there, you’re ready for the day! The U.S. Data Cupboard yesterday saw May Durable Goods Orders fall -1.1%! I told you it would be negative, but even I didn’t think that it would be THAT negative! And Capital Goods Orders also printed negative, posting a -0.2% decline for May… So, chalk up another “real economic data” print as negative, thus proving my point over and over again that the economy is heading to recessionville, but, yet, the Fed keeps hiking rates into the weakening… Before I head to the Big Finish today, I wanted to just mention that the President of the NY Fed, Bill Dudley, was talking about the markets the other day, and he said something that just about made me fall out of my chair! He mumbled something about “not paying attention to the bond market”… Wait! What? Are you kidding me? The bond market just keeps telling everyone that will pay attention that things aren’t great, and that rates shouldn’t go higher right now, but the man that is on the Fed’s Open Market Committee, which sets the Fed Funds rate, and dishes out monetary policy, says he isn’t paying attention to the bond market… Well, shut my mouth! OK, Chuck, stop right there! You don’t want to carry this out any further, or the men in black suits, white shirts, black ties, and sunglasses will be showing up at the door, “requesting” that I go for a ride… I’ll just tell them the great Mogambo Guru had me say those thing! HAHAHAHAHA! To recap… The currencies got of the porch to chase the dollar down the street yesterday, and that carried through overnight and into this morning… U.S. data printed very weak yesterday, with Durable Goods Orders at -1.1%! That got the dollar on the selling blocks, and then sour sentiment toward the dollar took over from there! For What It’s Worth… I thought since we had a very negative print of economic data yesterday, that I would feature this article that talks about why Americans accept mediocre performance in the economy… You can find the article here:https://www.bloomberg.com/view/articles/2017-06-26/why-americans-feel-so-good-about-a-mediocre-economy?utm_medium=email&utm_source=newsletter&utm_term=170626&utm_campaign=sharetheview Or, here’s your snippet: “Why the divergence between the “soft” numbers of the confidence surveys, and the “hard” numbers of the real economy? One possibility is that this is just a momentary spot of economic weakness, and the numbers that measure sentiment point to better days ahead? But survey numbers have been rosy for one-half year now, so if they were doing their job of forecasting the real economy, it seems that the good times that they forecast would be showing up in the numbers by now.” Chuck again… Yes, Retail Sales, Durables, Capital Goods, car sales, etc. just seem to be falling month after month… Currencies today 6/27/17… American Style: A$ .7604, kiwi .7301, C$ .7560, euro 1.1250, sterling 1.2749, Swiss $ .9673, … European Style: rand 12.8847, krone 8.4680, SEK 8.6936, forint 274.88, zloty 3.7463, koruna 23.3555, RUB 59.09, yen 111.77, sing 1.3865, HKD 7.8006, INR 64.48, China 6.8315, peso 17.89, BRL 3.3232, Dollar Index 96.99, Oil $ 48.83, 10-year 2.16%, Silver $ 16.72, Platinum $ 921.95, Palladium $ 871.00, and Gold… $ 1,252.00 That’s it for today… A little later than usual today, but no biggie… I had a great time at the ballgame yesterday. The rain stopped, and even though the sun never appeared during the game, the temps were great! And the Cardinals won! Old colleague, and friend, Ty Keough, was at the game and came over to where I was sitting to say hi… I need some coffee, so I’m going to tie this up and get it out, and head for a cup o’ Joe! Billy Joel takes us the finish line today with his song: Scenes From an Italian Restaurant… I hope you have a Tom Terrific Tuesday… And Be Good To Yourself! Chuck Butler
from http://capitalisthq.com/more-negative-data-for-the-u-s/
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A new University of Washington study found the new $15 minimum wage is actually hurting low income workers in the city. Low income workers in Seattle are bringing home $125 less a month since the ruling. FOX News reported:
from http://capitalisthq.com/uw-study-low-income-workers-hurt-by-seattles-15-minimum-wage-law/ Emissions Change Starts at TopSome of the largest companies in America are also those leading the charge toward a more sustainable future, according to a joint report by Calvert Research, WWF, CDP, and Ceres. Today’s infographic comes from Fortune’s Nicolas Rapp, who used this data to visualize the CO2 emissions saved by 56 of the Fortune top 100 firms. In the graphic, each company’s CO2 savings are represented by an equivalent mass of coal not burned. Big Companies, Big GoalsNearly half (49%) of Fortune 500 companies in 2016 set targets to increase renewable energy sourcing, improve energy efficiency, or reduce greenhouse gas emissions (GHGs). Over the course of the year, 190 of these companies managed to report a total $ 3.7 billion in cost savings thanks to some 80,000 emissions-reducing projects. That’s roughly equal to the impact of taking 45 coal-fired power plants offline. Computing Giants Using Power ResponsiblyApple has done more than any other company on the Fortune list to reduce their environmental impact, saving the equivalent emissions of 35 billion pounds of burned coal. This alone would be enough to meet the year-round power consumption needs of 9.7 million homes – more than in the entirety of New York state. What types of initiatives are they implementing to make these kinds of efforts? According to their 2017 Sustainability Report, 96% of Apple’s electricity comes from renewable sources, including hydroelectric and solar. The company also recently issued $ 1 billion in “green bonds”, the proceeds of which are to be used in eco-friendly projects. This is in addition to an existing issue of $ 1.5 billion of green bonds from 2016. On the other hand, Microsoft is focused on energy efficiency, with the bulk of its work going towards improving the efficiency of data centers and buildings. As of 2016, roughly 44% of the electricity used by Microsoft data centers originates from wind, solar, and hydro energy sources. Solar Power Shines for Big Box RetailersWalmart, the largest brick and mortar retailer in the U.S., is also one of the biggest corporate users of solar power in the country. In 2005, Walmart’s former CEO, Lee Scott, set goals for the company’s store network to be powered entirely with renewable energy. Though they have not met this goal yet, Walmart’s adoption of solar has reduced its energy costs per square foot of retail floor space by 9% chainwide. Other companies with large installations of onsite solar panels include Prologis, Apple, Costco, Kohl’s, and IKEA. Are Clear Skies Ahead?With the impending review of the Clean Power Plan’s role in American energy policy, the onus on large and powerful corporations to minimize their environmental impact is now greater than ever. Though we can already see the massive scale on which these firms have been able to improve their carbon footprints, even the equivalent of 35 billion pounds of burned coal is just the tip of the iceberg.
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The post Infographic: Emissions Change Starts at the Top appeared first on Visual Capitalist. from http://capitalisthq.com/infographic-emissions-change-starts-at-the-top/ James O’Keefe’s Project Veritas has struck again: This time, a senior CNN producer was caught on camera by one of O’Keefe’s investigators admitting that the network’s relentless bashing of President Donald Trump with the Russia scandal lacks proof.“Could be bullshit. I mean, it’s mostly bullshit right now,” the CNN producer, John Bonifield, said in a video O’Keefe’s Project Veritas released on Tuesday, when asked about his thoughts on the Russia investigation. “Like, we don’t have any giant proof. Then they say, well there’s still an investigation going on. And you’re like, yeah, I don’t know. If they were finding something we would know about it. The way these leaks happen, they would leak it. They’d leak. If it was something really good, it would leak…. The leaks keep leaking and there’s so many great leaks, and it’s amazing. I just refuse to believe that if they had something really good like that that wouldn’t leak because we’ve been getting all these other leaks. So, I just feel like they don’t really have it but they want to keep digging. And so I think the president is probably right to say, like, look you are witch hunting me. You have no smoking gun. You have no real proof.” WATCH: PROJECT VERITAS VIDEO INVESTIGATION OF CNN: The video also shows Bonifield admitting that he has not seen evidence that Trump has committed any crimes. “I haven’t seen any good evidence to show the president committed a crime,” Bonifield says in the video. And even if Russia did try to influence the U.S. election, Bonifield is heard saying in the video, that is not really much of a scandal. He is seen arguing that Russian efforts to influence the election would be normal, and that the U.S. government does the same thing around the world all the time. “Even if Russia was trying to swing an election, we try to swing their elections, our CIA is doing shit all the time, we’re out there trying to manipulate governments,” Bonifield says. Bonifield is a supervising producer for CNN Health. According to his biography on CNN’s website, Bonifield works with the CNN Medical Unit and “primarily with CNN Senior Medical Correspondent Elizabeth Cohen.” These startling admissions from a CNN producer on hidden camera video come amid many other comments the video shows him making that are particularly problematic for a network in crisis. The Project Veritas video was released on Tuesday amid the worst scandal in CNN history. Zucker, the network president, is currently leading an internal investigation into a very fake news hit piece that CNN published Thursday night then retracted late Friday after a Breitbart News investigation. He is joined, per reports from BuzzFeed News, by the head of HR inside CNN at the top of the investigation. Three of CNN’s senior-most editorial staffers have resigned as a result of the growing scandal. In narration over the video, O’Keefe notes that “Bonifield has worked for CNN as a journalist and producer for nearly 15 years.” “He not only gave us a tour of CNN’s main newsroom, he gave us a window into the editorial bias and anti-Trump agenda of the organization,” O’Keefe says. O’Keefe’s Project Veritas is billing this video as part one of a multi-part investigation into what they call: “American Pravda.”
“Fake News: We start our American Pravda investigations inside American media with part one: CNN,” O’Keefe says in the video. “Our goal is to expose the real motivations behind the decision-making process at our dominant media corporations. Fake News. One story has monopolized President Trump’s time in office like no other, especially on CNN: Russia. In fact, since the Inauguration, CNN has mentioned Russia on their air nearly 16,000 times. So we sent our undercover reporters inside CNN to understand why and to determine if CNN even believes if the story is even real.” In addition to those aforementioned revelations in the Project Veritas video, Bonifield is shown on camera saying the reason CNN leadership and management is so focused on the Russia scandal despite the lack of real proof is “because it’s ratings.” “Our ratings are incredible right now,” the video from Project Veritas shows Bonifield saying. In the video, Bonifield says that CNN leadership regularly axes coverage of other newsworthy stories to shift coverage back to the Russia story. He provided as an example of the network’s coverage of President Donald Trump’s decision to withdraw from the Paris climate accords—which he is seen saying in the video lasted less than two days—before management deliberately shifted coverage back to the Russia scandal. “My boss, I shouldn’t say this, my boss yesterday we were having a discussion about this dental shoot and he goes and he was just like I want you to know what we are up against here,” Bonifield is seen saying. “And he goes, just to give you some context, President Trump pulled out of the climate accords and for a day and a half we covered the climate accords. And the CEO of CNN said in our internal meeting, he said good job everybody covering the climate accords, but we’re done with it let’s get back to Russia.” When asked by the Project Veritas investigator if it was the CEO of CNN—according to O’Keefe they were referring to CNN president Jeff Zucker—who made that determination, Bonifield is heard saying: “Yeah.” “So, even the climate accords, he was like a day or so it’s okay but we’re moving back to Russia,” Bonifield says in the video. “It’s a business,” Bonifield says in the video. “People are like the media has an ethical … But, all the nice cutesy little ethics that used to get talked about in journalism school, you’re just like, that’s adorable. That’s adorable. This is a business. Especially cable news. Cable news isn’t the New York Times, and it’s not even like NBC News. I mean NBC News still gets 20 million viewers a night. Cable news is getting a million. So, they got to do what they got to do to make their money.” Bonifield is also seen saying in the video that CNN treats President Trump much differently than CNN treated now former President Barack Obama when he was in office. “I think there a lot of like liberal CNN viewers who want to see Trump really get scrutinized,” the CNN producer is seen saying in the video. “And I think if we would have behaved that way with President Obama and scrutinized everything that he was doing with as much scrutiny as we apply to Donald Trump, I think our viewers would have been turned off. I think they would have felt like we were attacking him. And I’m not saying all of our viewers are super liberals, I think there’s just a lot of them.” He adds that: “Trump is good for business right now.” from http://capitalisthq.com/project-veritas-undercover-investigation-cnn-producer-admits-network-hyping-mostly-bullsht-trump-russia-scandal-for-ratings/ A report yesterday by the Pulitzer-prize winning reporter who broke some of the biggest stories of the Vietnam and Iraq wars showed that Trump bombed Syria on April 4th based upon false pretenses. Specifically, Trump said the Syrian government carried out a chemical weapons attack on civilians, but U.S. military and intelligence officials say that they told Trump there was no evidence for that claim … and they say that what really happened is that Syria bombed Islamic terrorists, and that accidentally released chemicals being stored by the terrorists. So how does Trump respond to the report? He doubles down on the bull … White House spokesman Sean Spicer said tonight:
After Spicer’s statement, Neocon warmonger – and U.S. representative to the U.N. – Nikki Haley tweeted:
Notice that Haley does not say:
Anything bad happens – whether it's carried out by Assad, or ISIS, or Al Qaeda, or outside forces trying to destabilize Syria – it will be blamed on Assad as a justification for a lot more bombing. Postscript: This little game has been going on for 68 years. Specifically, the U.S. government has been trying to replace the Syrian government with folks who will be subservient to America since 1949 … 3 years after Syria became an independent nation. The CIA succeeded in carrying out a coup in Syria 1949. In 1957, the American president and British prime minister agreed to launch regime change again in Syria using a false flag. (False flags are not only historically documented, but presidents, prime ministers, congressmen, generals, spooks, soldiers and police have ADMITTED to planning and carrying out false flag attacks). In 1983, 1986, 1991, 2001, 2009 and 2012, American officials again schemed about regime change in Syria. from http://capitalisthq.com/after-getting-busted-for-bombing-syria-based-on-a-lie-trump-doubles-down-threatens-to-bomb-syria-even-harder-based-on-same-bs/ James O’Keefe strikes again! Project Veritas just dropped bombshell undercover video of CNN Producer John Bonifield admitting the Trump-Russia story is B.S. but they continue to push the false narrative for ‘ratings’. O’Keefe teased his Twitter followers on Monday by sending out a cryptic tweet saying, “Independence Day is approaching, but this year the fireworks come early.”
James O’Keefe released part one of his ‘American Pravda’ series with CNN. O’Keefe says his goal is to expose the real motivation behind the decision making process in our dominant media corporation. The Russia story has dominated CNN. Since the inauguration, CNN has mentioned Russia on air nearly 16,000 times. VIDEO Via Project Veritas:
from http://capitalisthq.com/okeefe-undercover-bombshell-cnn-producer-admits-trump-russia-story-is-bullsht-video/ The McMansion rose to prominence in the early-to-mid-2000s and to this day is the epitome of the excesses created by the biggest mortgage bubble in the history of mankind. In suburbs all across America, these 3,000 – 5,000 square foot, cookie-cutter monstrosities, with their foam pillars and lots that were just barely larger than the footprint of the houses themselves, were popping up faster than you could say “subprime mortgage.”
Unfortunately, as we’re forced to report frequently here, Americans tend to have very short-term memories and can’t seem but help but constantly repeat the sins of their past. As such, it’s hardly a surprise that the average size of new homes in the U.S. is once again skyrocketing at an even faster rate than the early part of this century.
Apparently people in the Midwest managed to maintain some level of modesty in the early 2000’s but have since decided ‘modesty’ is massively overrated.
Meanwhile, the return of the McMansion epidemic is also helping to push home prices back to all-time highs.
Meanwhile, if you can’t beat em, as the saying goes, then you might as well mercilessly mock and ridicule them…or something like that. Luckily, as the Washington Post points out today, that is where “McMansion Hell” comes in.
And, since Americans will never stop building these hideous dwellings, McMansion Hell should be able to provide us with hours of entertainment for years to come.
Whoever owns the house above must be poor…not a single column. from http://capitalisthq.com/mcmansions-are-back-and-theyre-more-hideous-than-ever/ by Matthew Boyle26 Jun 2017Washington, D.C. 0 President Donald Trump’s son, Donald Trump, Jr., is calling on CNN president Jeff Zucker to appear before the American public and the media to personally account for and explain exactly what happened in what is now the network’s biggest scandal in its history.“The hypocrisy at CNN is astounding,” Trump, Jr., told Breitbart News in an exclusive statement on Monday. “Facing the biggest fake news scandal in the network’s history after an embarrassing retraction, nobody from the network is answering questions–even to their own reporters–and they have the audacity to demand on-camera press briefings from the White House to boost their ratings and make their personalities famous? Maybe Jeff Zucker should do an on-camera press briefing about CNN’s fake news scandal before the White House does any more of them.” The statement from President Trump’s son, who now with his brother Eric Trump runs the president’s business empire, comes on the heels of CNN announcing that three senior editorial officials have resigned over what is now the biggest scandal in the network’s history. CNN published a very fake news article falsely alleging ties between President Trump’s associates Blackstone’s Stephen Schwarzman and SkyBridge Capital founder Anthony Scaramucci and a Russian investment firm. The CNN piece inaccurately claimed that both men, and the president, were under Senate Intelligence Committee and Treasury Department investigation. An independent Breitbart News investigation confirmed that neither the Senate Intelligence Committee nor the Treasury Department were investigating this. The supposed allegation of some kind of wrongdoing was an inaccurate fantasy hatched in the annals of the office of anti-Trump “resistance” leader Sen. Elizabeth Warren (D-MA), who asked now Treasury Secretary Steven Mnuchin to look into questions on this front before President Trump’s inauguration. As Breitbart News reported, a senior administration official confirmed that the matter was looked into and determined to be entirely “without merit.” CNN’s story was up for a nearly a full day after being published late Thursday night. After Breitbart News’ initial investigation was published mid-Friday, late Friday evening CNN deleted the piece off the internet and later issued an editor’s note formally retracting it and apologizing to Scaramucci. The network has yet to apologize to others maligned in the story, including President Trump or Stephen Schwarzman among others. What has followed that is perhaps one of the darkest cover-ups in media history, as it was reported in the wake of the grave error and subsequent shoddily-handled retraction, Zucker himself is overseeing—alongside the head of CNN human resources—the internal investigation into the matter. CNN public relations refused for three days to comment publicly on the matter, even to CNN media reporter and Reliable Sources anchor Brian Stelter. In addition, leaked internal CNN memos show that the network has shifted policy with regard to all “Russia-related content”—forcing reporters, editors, anchors, and producers to get sign-off from senior executives on everything include social media postings. CNN has still provided no explanation on the record to anyone other than anonymous quotes from a spokesperson in Stelter’s latest piece announcing the resignation of three officials involved in the matter, including the reporter on the byline and two editors. Corporate spokeswoman Emily Kuhn has refused repeatedly for days to answer basic, specific questions about the scandal. She is continuing to refuse to answer questions and she will not provide Zucker for an interview despite repeated requests from Breitbart News for one with him. Kuhn has similarly not responded when informed Breitbart News was publishing a comment from the son of the president of the United States, Donald Trump, Jr., calling on Zucker to appear in an on-camera briefing before the American public and the media to account for this very fake news scandal. The three officials who have resigned so far including the original retracted story’s reporter Thomas Frank, a CNN investigative unit editor Eric Lichtblau, and the unit’s executive editor Lex Haris. Sources inside the network tell Breitbart News there are many more CNN officials still employed by the network at this moment who were responsible for misjudgment on this matter, and there are many unanswered questions that President Trump’s son clearly believes Zucker must account for in an on camera briefing. from http://capitalisthq.com/exclusive-donald-trump-jr-jeff-zucker-must-address-cnns-very-fake-news-scandal-in-on-camera-press-briefing/ The White House has released its official statement with regard the CBO score, noting their “consistently inaccurate” and pointing out that “we know the facts.” Following a Tweet right after the release of CBO’s official score of the House Healthcare Bill… The White House issued a full statement on CBO Healthcare Report
from http://capitalisthq.com/white-house-shrugs-off-consistently-inaccurate-cbo-score/ HuffPost dubbed Eric Trump’s new haircut “racist” in yet another one of their hard-hitting pieces of necessary commentary.The HuffPost hit piece was a byproduct of a number of tweets from various individuals wherein they drew comparisons between Eric Trump’s haircut and the alt-right figure Richard Spencer’s haircut.
Carly Ledbetter, the “Lifestyle Editor” of HuffPost, wrote, “Eric Trump, the son of President Donald Trump who thinks people who oppose his dad are ‘not even people,’ got a haircut over the weekend . . . Many thought the haircut made him resemble white nationalist Richard Spencer.”
Ledbetter went on to reference tweets throughout her condemnation of the President’s son’s haircut.
Others, fortunately, pointed out that countless young, Western men are wearing this haircut as it is one of the popular trends of the day. from http://capitalisthq.com/figures-huffpost-and-twitter-idiots-think-eric-trumps-haircut-is-racist/ |
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