by visualcapitalist Do you consider yourself to be a trustworthy individual? While it may be true that your family and friends would be willing to vouch for you, the reality is that the rest of the world has no idea of your level of trustworthiness. As a result, banks, car dealers, mobile phone companies, and other … Read more
by John Rubino About a year ago, Argentina – which has inflated away and/or defaulted on its currency every few decades for the past century – issued 100-year government bonds. And the issue was oversubscribed, with yield-crazed developed-world institutions throwing money at the prospect of a lifetime of 7% coupon payments. A media account of the … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter This is the brick & mortar part of e-commerce. Commercial real estate prices peaked in August 2017 at 27% above the crazy peak of the prior bubble, according to the Green Street Commercial Property Price Index (CPPI). By April this year, the index was down 1.4% from the peak and by … Read more
BY PATRICK WATSON Those who support free-market economics say it is the best, most efficient path to maximum prosperity for everyone. In other words, everybody wins in a free market—not equally, but each person at least has the opportunity for a prosperous life. I agree with all that, except the “everybody wins” part. In fact, free markets don’t … Read more
I AGREE, BUT I’M NOT OPTIMISTIC: Because we don’t live in a healthy polity. Plus: And the people claiming the most concern with Russian machinations have contributed the most to the damage. Related: How the Russian collusion myth was hatched by Team Hillary immediately after her loss. It’s all in Shattered, a book everyone supposedly read. h/t GR
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter These are getting to be serious amounts. The QE Unwind is ramping up toward cruising speed. The Fed’s balance sheetfor the week ending May 2, released this afternoon, shows a total drop of $104 billion since the beginning of the QE Unwind in October – to the lowest level since June 11, 2014. … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Market freezes up at the top. Average price of detached house plunges C$175,000 in 12 months. Home sales in the Greater Toronto Area (GTA), Canada’s largest housing market, and among the most inflated in the world, plunged 32% in April, compared to a year ago, to 7,792 homes, according to the … Read more
The newest reports coming out of the US and international crop review by the USDA show dismal figures for the US, and I do mean dismal with 4x less than normal for spring wheat plantings and corn, barley, oats are not much better. Expect massive food price increases beginning this year and the situation of … Read more
https://www.youtube.com/watch?v=Opl-epMVQyk Forbes reports, Bitcoin and other coins are more than a new reality, a new market trend. They are new currencies and methods of payment.
https://www.youtube.com/watch?v=xQ-l2s8koT8 Trump suggests legal action coming against Mueller’s team https://www.cnn.com/2018/05/07/politi… Trump slams Mueller Russia probe, accuses team of having ‘unrevealed conflicts of interest’ https://www.nbcnews.com/politics/dona…