Update on Popping Housing Bubbles in Sydney & Melbourne

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Every housing bubble requires the connivance of the banks and regulators. Australia is no exception. Sydney’s housing bubble, one of the most magnificent in the world, is deflating further. So far this year, home sales volume has plunged 18.5%, according to CoreLogic. And prices have followed. In September, this is what … Read more

US Gross National Debt Jumps by $1.27 Trillion in Fiscal 2018, Hits $21.5 Trillion

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But wait — these are the Boom Times! The US gross national debt jumped by $84 billion on September 28, the last business day of fiscal year 2018, the Treasury Department reported Monday afternoon. During the entire fiscal year 2018, the gross national debt ballooned by $1.271 trillion to a breath-taking … Read more

Now is the Time to Buy Gold Says Barron’

From Birch Gold Group This week, Your News to Know brings you the latest stories involving precious metals. Stories include: Barron’s says it’s time to buy gold, Bank of America sees gold soaring above $1,300, and Indonesians snap up gold as currency and stocks tumble. Barron’s: Time to Buy Gold Despite persistent faith in the U.S. dollar and … Read more

High Alert,Social Media Blackout,Comms Activated

by Thinker What is happening??? Donald Trump with the help of that which is beyond the minds of many are making strides to change a corrupt world, to one where people take pride in honor and “TRUTH.” Alternative media continues to bring the people “REAL” news and expose the lies printed in the mainstream media … Read more

Seattle woman out for a run attacked by homeless man, wants city to “do something productive”

by DCG A Seattle woman, Maria Ball, was out for an early run on Friday around Green Lake when she was attacked from behind. The man grabbed her chest and crotch. She yelled for help and neighbors called the police. According to the MyNorthwest.com story, Ball knew something was wrong the second she was grabbed and managed to … Read more

Lots of evidence of slowing

by WARREN MOSLER Highlights A marginal headline gain of 0.1 percent in construction spending masks significant declines in residential spending during August. Residential spending fell 0.7 percent in the month to more than offset a 0.2 percent rise in July. Looking at sub-components, single-family spending was also down 0.7 percent in August with multi-unit spending … Read more