The number of people who live in their vehicles because they can’t find affordable housing is on the rise, even though the practice is illegal in many U.S. cities. The number of people residing in campers and other vehicles surged 46 percent over the past year, a recent homeless census in Seattle’s King County, Washington … Read more
Synchronized Global Slowdown: US, China, Japan All Post New Yearly PMI Lows The Purchasing Managers’ Index is a keen insight into what is taking place in the analytical minds of economic decision-makers as they examine the health of their businesses and plan for the future. The message from this data set? “Present isn’t great, future … Read more
h/t @SoberLook $AAPL propping up the market pic.twitter.com/Z5H3ZjtNN3 — Alastair (@StockBoardAsset) August 2, 2018
Dear Turkey, Argentina, etc… Printing Currency Backed By Nothing Is Not "Creating Reserves". Printing Currency To Pay Bloated Public Spending Destroys Currency Purchasing Power, Savers and Existing Deposits. Kills Confidence In The Currency As A Reserve of Value pic.twitter.com/t7ldFlXRpv — Daniel Lacalle (@dlacalle_IA) August 2, 2018 Argentina 🇦🇷 “Printing money for the people”“Inclusive monetary policy”Average … Read more
h/t @dlacalle_IA Everyone keeps blaming the inexistent trade wars for widespread market corrections instead of the obvious: Monetary stimulus saturation, excessive valuations and Fed balance sheet reduction. $14bn this month Number of countries suffering a drastic reversal in fund flows rises to 12 in 2018. A self-inflicted weakness after years of increasing imbalances believing in an … Read more
https://twitter.com/jtepper2/status/1024793566206418944 $TSLA CDS unphased h/t @WintonCapPtnrs pic.twitter.com/B7c7OrmuoO — Alastair (@StockBoardAsset) August 2, 2018 Tesla $TSLA loses more than half a billion, burns loads of cash, and has a 4% incremental on sales Stock +9%… because the CEO says sorry, lol #fantastic @HedgeyeIndstrls — Keith McCullough (@KeithMcCullough) August 1, 2018 Remember when $TSLA was expected to … Read more
by jessefelder With the FANG stocks faltering lately investors are starting to become concerned about their impact on the broader market. And there is certainly something to this. Statistically speaking, these market generals have become increasingly important to the broad market indexes recently so it only stands to reason that an important reversal here could make for a … Read more
anyone remember the last time #USDCNH erupted & stock market tanked? pic.twitter.com/5msUdSkn58 — Alastair (@StockBoardAsset) August 2, 2018 CHINA PANIC: "Chinese stocks are extending losses.#Shanghai Composite -2.5% #Shenzhen Component -3.1% to the lowest since Nov'14.#Chinext -2.5% to NEW LOW in 3 yrs & a half.Property developers & defense industry companies led the losses," h/t @YuanTalks … Read more
https://twitter.com/OccupyWisdom/status/1024871289415188481 Chart: US auto sales continue to slow – pic.twitter.com/TRT0RwVFIl — (((The Daily Shot))) (@SoberLook) August 2, 2018 Housing demand sees biggest drop in more than 2 years Housing demand fell 9.6 percent in June, compared with June 2017, according to a monthly index from Redfin. That is the largest decline since April 2016. The … Read more
Politifact is a Pulitzer Prize-winning fact check organization, and yet they just did an entire article fact-checking Trump’s claims about the economy in which they take issue with his adjectives. While they admit his facts are pretty much spot-on, they still try to make him out to be a liar. The Resident discusses the latest … Read more