by Michael Snyder Warren Buffett’s favorite indicator is telling us that stocks are more overvalued right now than they have ever been before in American history. That doesn’t mean that a stock market crash is imminent. In fact, this indicator has been in the “danger zone” for quite some time. But what it does tell … Read more
by Michael Snyder Before televisions and computers were invented, Americans didn’t spend any time staring at television and computer screens. They worked hard, raised their families, personally interacted with their communities (remember that?), and generally tried to make the world a better place. But now for many of us, the “virtual world” actually seems more … Read more
It’s not easy to launch your own business, especially if you’re new to this and the competition is going to eat you alive. Maybe you have the next best app from the market, but if you’re in the start-up stage, it means that you’re probably on a tight budget, too. Normally, now you’re asking yourself … Read more
by Chris Black If you want to take a glimpse into the future of our brave new multicultural world, i.e. what is going to happen to any country formerly dominated by “whitey”, look no further than South Africa. Also, I would strongly recommend you to watch Lauren Southern’s documentary Farmlands, it will red-pill you forever … Read more
via arstechnica: Two men and a woman have sued SolarCity, and its parent company, Tesla, alleging serious corporate misbehavior. The former retail employees claim that SolarCity tacitly approved the creation of “fake sales accounts,” resulting in “unjustified bonuses” for some employees and the basis of an “unreasonably high valuation of SolarCity” for investors. The automaker acquired SolarCity in late 2016 for … Read more
by John Ward If you can see a mistaken logic in all ten of the catalysts presented hereunder, then let us all dismiss this talk of economic, financial, fiscal, social and sovereign disaster. Let us instead keep rowing towards the Paradise of the Eternal Growth paradigm. If not, be prepared for “Buddy can you spare a … Read more
Renowned trends researcher Gerald Celente thinks even if the market does not crash, it will keep rolling along but at a slower pace. There are two big things, according to Celente, that could cause big problems. Celente says, “We definitely see a slowdown. Absent two major issues, we don’t see a crash. Issue number one: … Read more
According to Michael Howell, chief executive officer at global research group Crossborder Capital, as monetary policy tightening takes place, there could be strong consequences for credit markets. While the yield curve is signalling upcoming problems, credit market spreads aren’t remaining tight. Howell believes it is just a matter of time until the credit market catches … Read more
from Zero Hedge Over the weekend, we reported that as a result of rising tariffs and escalating trade war, various US companies had passed on rising input costs to consumers, resulting in higher prices, in some cases significantly so, for a variety of products. The first industry hit by higher prices was in discretionary purchases such as recreational … Read more
From Frank Holmes at Frank Talk: The price of bitcoin surged above $8,000 last Tuesday for the first time since May after the Group of 20 (G20) meeting in Argentina concluded with little urgency to take regulatory action on cryptocurrencies. In a communiqué, G20 finance ministers and central bank governors expressed confidence that the technology underlying … Read more
by DCG From Fox News: Philadelphia has announced it will end a major information-sharing contract with Immigration and Customs Enforcement (ICE), bowing to intense pressure from activist groups and drawing immediate condemnation from federal officials. The move means that the city will not renew a decade-long arrangement to share real-time arrest information with ICE when it expires at … Read more
by Dr. Eowyn There is honor among thieves. Convicted felons serving time in jail still have a sense of right and wrong. In their hierarchy of crimes, pedophiles rank among the worst, which accounts for why they mete out their own punishment on pedophiles. Lawrence “Larry” Nassar, 54, is the former USA Gymnastics national team doctor and … Read more
via G, P, & C Is the Bank of Japan Finally Losing Control? While we like to focus on the US Federal Reserve (the Fed) because it controls the global reserve currency (the US dollar) and therefore is the most important Central Bank in the world… the fact is that it is Japan’s Central Bank, … Read more
The second-half borrowing estimate of US$769 billion is the highest since US$1.1 trillion in July-December 2008 via scmp The Treasury Department predicted the US government’s borrowing needs in the second half of this year will jump to the most since the financial crisis a decade ago as the nation’s fiscal health deteriorates – despite a … Read more
via Sue Chang John Hussman, president of Hussman Investment Trust, describes himself as an economist, a philanthropist, and a “realist optimist often viewed as a prophet of doom” on his Twitter profile. That last bit may be the one investors care about on Monday as the stock market shows signs of unraveling on the back of … Read more
he posted this with the first few words. https://twitter.com/realdonaldtrump/status/1009536237881847808 Much better to post the entire Schumer lecture before the shutdown h/t Trwway2
via Skynews: Tommy Robinson has been freed from prison on bail after winning an appeal against a contempt of court conviction. Judges from the Court of Appeal quashed the finding and original 13-month sentence, made in May, at Leeds Crown Court. The former English Defence League leader, real name Stephen Yaxley-Lennon, was detained then for … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Historic spike in Seattle. Sharp increases in other metros. New York condos fall. Homes prices in the US surged 6.4% in May compared to May a year ago (not seasonally-adjusted), and 1.1% from April, according to the S&P CoreLogic Case-Shiller National Home Price Index, released this morning. The index is now … Read more
I totally forgot to mention it but the “bankers predicting” refers to a report I’ve showed you here for before. It was either a chart from Morgan Stanley or BOAML. They suspect that everything will reverse by the end of 2019. Do you expect that the QT policy of the Fed to negatively impact the … Read more
by David Haggith While glowing presidential proclamations about US GDP growth last week did nothing to prevent the stock market from rushing headlong over the cusps of a FAANG stock ledge, the market is taking a breather today. So, let’s take a breather and go back and look at why that GDP report had no bite. … Read more
by visualcapitalist The interplay between technology and work has always been a hot topic. While technology has typically created more jobs than it has destroyed on a historical basis, this context rarely stops people from believing that things are “different” this time around. In this case, it’s the potential impact of artificial intelligence (AI) that is being hotly … Read more
by howmuch People have been moving away from the countryside and into urban areas for several decades. Many economists believe this trend will only continue, making cities the engines of economic growth for the foreseeable future. But this begs the question: how much does it cost to move to a city, and can you afford it? The … Read more
https://www.youtube.com/watch?v=s70BoJeBcWc Jim Hoft for the Gateway Pundit reports, A recent study by the leftist website VICE News found that Twitter is censoring top pro-Trump lawmakers. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2018…
by Michael Snyder If the U.S. economy is really doing so well, then why is homelessness rising so rapidly? As the gap between the rich and the poor continues to increase, the middle class is steadily eroding. In fact, I recently gave my readers 15 signs that the middle class in America is being systematically destroyed. More Americans are … Read more