Month: January 2018

Did you know that the Democratic Party defended slavery, started the Civil War, founded the KKK, and fought against every major civil rights act in U.S. history?

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Watch as Carol Swain, professor of political science at Vanderbilt University, shares the inconvenient history of the Democratic Party. Script: When you think about racial equality and civil rights, which political party comes to mind? The Republicans? Or, the Democrats? Most people would probably say the Democrats. But this answer is incorrect. Since its founding … Read more

Renaissance hedge fund sees ‘significant’ risk of correction

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From Bloomberg: Renaissance Technologies, the world’s most profitable hedge fund, said there’s a “significant” risk of a correction in prices and is preparing for possible market turbulence. While accelerating global growth, corporate tax reform and a business-friendly administration in the U.S. have contributed to market gains, it’s not clear these factors justify current valuations, especially … Read more

Why a great economy means bad stock returns

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From Dr. Steve Sjuggerud, Editor, True Wealth: In tonight’s State of the Union address, President Donald Trump will surely brag about today’s low unemployment rate. He has good reason to be excited about the economy… Today’s unemployment rate is 4.1% – the lowest we’ve seen since the dot-com era, when it bottomed at 3.8% in April … Read more

Report: 51 Million American Adults Can’t Fill Prescriptions Due to Costs

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by NEE Poll: 20 Percent of Americans Didn’t Fill Prescriptions Over Last 6 Months to Save Money According to new data from Rasmussen, 20 percent of American adults “continue to pass on medical checkups and prescription drugs to save money”.  This works out to 51 million Americans, and does not include children who may be foregoing … Read more

The US Cities with the Most Magnificent Housing Bubbles

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But some flat spots are showing up! Just after I reported on the minuscule 1.4% year-over-year growth of per-capita “real” disposable income and the lowest saving rate in 12 years — for the lucky ones — there’s another asset-bubble doozie: The S&P CoreLogic Case-Shiller National Home Price Index for November, released this morning, … Read more

Crash 'Risk' Is Soaring: "This Is Where They Lost Their Minds"

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Excerpted from John Hussman’s Weekly Market Comment, Last week, the U.S. equity market climbed to the steepest valuation level in history, based on the valuation measures most highly correlated with actual subsequent S&P 500 10-12 year total returns, across a century of market cycles. … As Didier Sornette correctly observed in Why Markets Crash, “The collapse is fundamentally due … Read more