A massive survey of recent homebuyers reveals all. By Stephen Punwasi, Better Dwelling: Have you ever woken up after a night of drinking, and only had a vague recollection of what happened? Then your responsible friend sets off a chain of text messages, trying to figure out where you went wrong? Well that’s what the Canadian … Read more
by WARREN MOSLER Highlights Disruption tied to a fire at an auto supplier not only pulled down the previously released manufacturing component of the industrial production report but it also helped pull down durable goods orders in May which fell an as-expected 0.6 percent. Vehicle orders fell 4.2 percent in the month with vehicle shipments down 4.4 percent. … Read more
via ZeroHedge When discussing how the current market has changed in the past year, Morgan Stanley’s cross-asset strategist Andrew Sheets said yesterday that one of the things that stood out to him at recent meetings with clients and conferences is that “China is rarely mentioned as a growth concern (after causing angst for much of this period).” This … Read more
by Shaun Richards This morning has brought news of something which would bring a chill to the heart of any central banker. It comes from China as we note this from Reuters. So far this year, the Shanghai stock index is down 14 percent, the CSI300 has fallen 12.4 percent while China’s H-share index listed … Read more
by DCG The Good Reverend founded his non-profit National Action Network (NAN) back in 1991. It’s designed to increase voter education and provide services to those in poverty. Sharpton has a net worth of $500,000. According to The New York Times, Sharpton and his for-profit businesses owe $4.5 million in state and federal taxes as of November 2014. Yet somehow this … Read more
https://www.youtube.com/watch?v=bYeNWoRXLY8 For More Information See: https://theintercept.com/2018/06/25/a… https://theintercept.com/document/201… https://goo.gl/RXC2L3
https://www.youtube.com/watch?v=xOkfSWSxtHA Jack Davis for the Western Journal reports, Lest the voters have an unfettered choice of candidates, 25 states have introduced legislation targeting President Donald Trump to keep him off the ballot in 2020. Read More/Source/Credit/FairUse: https://www.westernjournal.com/to-pre…
by warrenfgerald Just looking at economic headlines for the past 24-48 hours…. Mortgage applications… Down. Existing home sales… Down. Durable goods orders…. Down. Consumer confidence…. Down. Pending Home Sales… Down. What is up?… New Home Sales…. Up. Conference Board Leading Economic Indicator Index…. Up. Jobless claims…. Down (which is good). It’s only one day’s worth … Read more
via BBG Investors fretting over the recent drop in emerging-market stock indexes may find comfort by drilling down into the details. Since June 18 — the evening U.S. President Donald Trump seemed poised to escalate the trade war by pledging tariffs on an additional $200 billion in Chinese exports — through Tuesday, the MSCI Emerging Market Index … Read more
by Thinker For anyone who does even a modicum of research, the 2008 financial crash was not just a cyclical ‘bump’ in the credit cycle, but an actual death event for the entire financial system. And this is primarily why central banks like the Fed, ECB, and BOJ have had to constantly fund their ‘life … Read more