From Bill Bonner, Chairman, Bonner & Partners:

BALTIMORE – Wow! Stocks have been flying.

What’s behind it?

Is it the beginning of a real comeback?

Is the market telling us that Janet Yellen was right after all?

Maybe the economy really is stronger than we think. At the start of the year, it looked as though the stock market was signaling trouble ahead.

Over the last 50 years, every time U.S. stocks have gone down by 15% or more, there was about a 60% chance of recession.

We thought we saw recession coming anyway; the stock market seemed to confirm it.

But who knows?

We’ll wait to find out.

The Chosen People

In the meantime, we take a look at the rise of the Deep State… the “shadow government” that really calls the shots.

After China’s leader Deng Xiaoping announced that to get rich was “glorious”… the Berlin Wall fell……