Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Recent home buyers could be facing negative equity”: CoreLogic. In Sydney, Australia’s largest property market and Petri dish for one of the world’s biggest housing bubbles, home prices fell 4.6% in June compared to a year ago, with house prices down 6.2%, and prices of condos (“units” as they’re called) down … Read more
by Charles Hugh-Smith Printing / borrowing money to generate the unsustainable illusion of “growth” sets up the collapse of the entire Keynesian edifice. Of the many delusions of modern economics, perhaps the greatest is that the dominant Keynesian model reflects permanent dynamics of advanced economies. Economics, along with other social sciences, makes an implicit claim that … Read more
https://www.youtube.com/watch?v=M_rdj9zj8zY #QAnon. Here. Follow. It’s our Bletchley Park, thecentral site for British (and subsequently, Allied) codebreakers during World War II. It housed the Government Code and Cypher School (GC&CS), which regularly penetrated the secret communications of the Axis Powers – most importantly the German Enigma and Lorenz ciphers. According to the official historian of British … Read more
President Trump and House Speaker Paul Ryan will be in Wisconsin this Thursday for the groundbreaking of the $10 billion Foxconn plant. The Taiwanese electronics company has promised thousands of jobs in Racine County and in return has been offered $4.5 billion in tax incentives. The plant will also require 5.8 million gallons of water … Read more
https://www.youtube.com/watch?v=7zJSL5pAs4k One of just three jaguars known to be living in the U.S. was recently killed by poachers. Experts identified the jaguar’s pelt in a recent photo and say it is Yo’oko, a male jaguar (Panthera onca) that was known to roam the Huachuca Mountains in southern Arizona, the Arizona Daily Star reported. http://marygreeley.com/?p=71958
via BOING BOING: Kenichiro Okamoto, a Japanese blogger and cybercrime consultant, was murdered in a restroom following a lecture he gave in Fukuoka on how to deal with Internet trolls. From The Washington Post: About 15 minutes after he concluded his talk, authorities say a man that had trolled and harassed Okamoto online attacked him in a … Read more
“An oppressive religious state, showing very little tolerance inside its borders for the unrest and dissent that has found fertile ground elsewhere in the Arab world. http://www.cbc.ca/passionateeye/episodes/saudi-arabia-uncovered With unprecedented access to an intrepid network of young activists, Saudi Arabia Uncovered reveals the simmering dissent inside the secretive regime. It provides a rare look inside the … Read more
by howmuch Imports are the lifeblood of a developed economy, they let consumers enjoy a wide range of products that they may otherwise be unable to find. Think about all the conveniences of modern life that usually come from other countries: avocados, French wine, clothing, iPhones—every room in your house probably has multiple imported items. … Read more
by David Panizzutti This article is not so much about economics as it is about life. The two are more entwined than the average person wants to accept. I remember as a young boy a wise older friend told me that “you can not breath without money”, now let me tell you that every cell of … Read more
It’s about time… finally someone does a great job of explaining why President Trump’s plan is 100 times better and safer than Obama’s plan. Hopefully, whistleblower Jason Piccalo will go on TV and start screaming this to the public. I hope he gets on Hannity or Tucker Carlson to show what has happened to many … Read more