Update on the Housing Bust in Sydney & Melbourne, Australia

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter This is not exactly slow motion anymore. In Greater Sydney, Australia’s largest housing market, the housing bust, after a terrific housing bubble, is gaining momentum. In November, according to the CoreLogic Daily Home Value Index: Prices of single-family houses dropped 9.2% year-over-year. Prices of “units” (condos) fell 5.5%; Prices of all types of … Read more

EASTERN AND WESTERN CENTRAL BANKS SUPPORT GOLD PRICE

by Egon von Greyerz Both Western and Eastern central banks are now fully supporting gold. Precious metals investors can with total confidence buy and hold physical gold, silver and platinum in the firm knowledge that central banks both in the West and the East will by their actions guarantee that the price can only go up. … Read more

ECRI Recession Alert In Negative Territory Indicates Recession Or A Plunge On Track… Margin Debt and S&P Top This Time?

ECRI Recession Alert in Negative territory 🔻-4Indicates Recession or a Plunge on track> pic.twitter.com/VPVVS9OMgO — Antonio Pérez-Algás (@apanalis) November 30, 2018 📌Margin Debt and S&PTop this time? or not? Without a severe Decline?Amazing pic.twitter.com/JHWarCpMcb — Antonio Pérez-Algás (@apanalis) November 30, 2018 🧐US Yield Curve on a brink to reach the goal: be Inverted (2Y5Y 2Y10Y) … Read more

SPX stops are hit, Bulls have the bag now. DJT must deliver or there will be a blood bath on Sunday night

SPX stops are hit, Bulls have the bag now. DJT must deliver or there will be a blood bath on Sunday night pic.twitter.com/D4BsxZXIKy — xTrends (@xtrends) November 30, 2018 Speaking of bear markets, here is what SKEW index tells us about it. pic.twitter.com/YSPKG6ecPQ — xTrends (@xtrends) November 30, 2018 https://twitter.com/magotrader/status/1068648540375789568 🧐No much progress for the … Read more

John Adams: Australia Has “Stage 4 Economic Cancer”

by John Adams from Adams Economics In the past week, economist and former political advisor John Adams visited Australia’s Federal Parliament to speak to politicians about how sick the Australian economy is and how this will result in a devastating Economic Armageddon.  John Adams told the politicians that it is better, and in the national interest, if they … Read more

Could GE’s Slow Collapse Ignite A Financial Crisis?

This article was written by Dave Kranzler and originally published at Investment Research Dynamics Will GE be the proverbial “black swan?” – It had come to my attention that General Electric was locked out of the commercial paper market three weeks ago after Moody’s downgraded GE’s short term credit rating to a ratings level (P-2) that … Read more

Reddit is replacing community mods with a Chinese style communism points system. No joke.

What could ever go wrong? via Reddit: Greetings, r/Libertarian! I want to let you know about an experiment we’re launching in r/Libertarian today. It’s a governance tool based on reputation, as a more federated way to make community decisions. Introducing… Community Points and Polls! The magic of Reddit happens when users have the space and control to be … Read more

Sacramento to spend $400,000 to clean up human feces and garbage created by the homeless

by DCG Streets of Sacramento…   Liberal utopia of Sacramento… Progressive-run west coast cities have become a magnet for the homeless. The demorats encourage illegal and disgusting behaviors by not enforcing laws. The bureaucrats do nothing to actually solve their homeless problems; they just react to the situations they helped create. See the following: Liberal utopia … Read more