Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter This is not good. What’s causing the drop-off in pending home sales in the US, and in particular in the West? Surging home prices that have outrun wage increases for years? Mortgage rates that hover around 4.8% for the average 30-year fixed-rate mortgage, the highest since 2011? The massive affordability issues … Read more
by Michael Snyder This is a scandal so huge that it could blow all of the other Clinton scandals totally out of the water. It is being alleged that 18 to 20 CIA sources were either killed or imprisoned in China from 2010 to 2012 because the Chinese were reading all of Hillary Clinton’s emails … Read more
by Michael Snyder Did a New Jersey couple go on wild gambling sprees, take exotic vacations and buy a new BMW with the money that the public gave to help get a homeless veteran off the streets? This article is about a “feel good story” that has gone really, really bad. Homeless veteran Johnny Bobbitt Jr. … Read more
CNN is still refusing to retract its claim that President Trump was aware of a 2016 meeting between his team and a Russian lawyer, even though one of its main sources is walking back his claims. https://www.youtube.com/watch?v=HktASQWzF_A
by Raúl Ilargi Meijer Salvador Dali The burning giraffe 1937 Dali: “The only difference between immortal Greece and our era is Sigmund Freud who discovered that the human body, which in Greek times was merely neoplatonical, is now filled with secret drawers only to be opened through psychoanalysis.” An ancient Latin saying goes: “Quod licet Iovi, non … Read more
From John Stossel at Reason: “Gouging” becomes an issue every hurricane season. After big storms, some people raise prices. Then politicians and the media freak out. Both demand tougher laws against “gouging.” But Nobel Prize winning economist Milton Friedman says, “the gougers deserve a medal” because they take risks to bring in goods that people desperately … Read more
via @spriha Hamers added that some customers have indicated their sales will go down, their costs will increase and therefore their products may not be as competitive. Market watchers are now eyeing a fresh round of U.S. tariffs on $200 billion worth of Chinese goods expected later this year. A top banking CEO from Europe warned … Read more
by stockboardasset Americans are experiencing the best economy “EVER,” tweets President Donald Trump. The president’s tendency to selectively take good economic data and widely exaggerate it on Twitter has become his favorite pastime, well, besides playing golf at one of his many resorts. Since there is only so much hope and hype he can blow … Read more
From Birch Gold Group Inflation has been on the rise since late 2015. According to the Consumer Price Index (CPI) measure, the Fed has typically maintained the “target inflation” rate of 2%. But official inflation has moved well past that benchmark. It is currently nearing 3% while rising at a consistent and alarming rate (see chart below): During … Read more
by DCG Do tell gun grabbers: Why do you want to strip citizens of their Second Amendment right, leaving victims helpless while at the mercy of slow-responding police? From Fox Baltimore: As Baltimore Police scrambled to the scenes of shootings early Saturday morning, two young females and a 2-year-old boy were trapped on a rooftop. Shannon Gaasch … Read more