Forced End of “Ponzi-Like Leverage” & “Fraudulent Lending” Turns Australia’s House Price Bubble into “Property Bloodbath”

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter What banks & housing markets in Sydney and Melbourne are facing in 2019. As investors are fleeing Australia’s housing bust, sales of new houses have plunged to record lows, and home prices in the Sydney and Melbourne metros have dropped 12% and 9% from their respective peaks in mid and late 2017. Combined, the … Read more

My Fancy-Schmancy “Fed Hawk-o-Meter” Ticks Down, Still Red-Lines. In Passing, Fed Plants Seed for Removing “Patient”

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Oh dude, glad no one saw it. My fancy-schmancy Fed Hawk-o-Meter checks the minutes of the Fed meetings for signs that the Fed believes the economy is strong and that “accommodation” needs to be further removed by hiking rates, or that the economy is strong but not strong enough to raise … Read more

Where Investors Put Their Money in 2018

by visualcapitalist For most investors, 2018 was both an eventful and frustrating year. Between the looming threat of trade wars and growing geopolitical uncertainty, the market also skipped a beat. Volatility took center stage, and the S&P 500 finished in negative territory for the first time in 10 years. Although many asset classes finished in negative … Read more

20 Mile Wall Completed In New Mexico 47 Days Ahead Of Schedule.

  We have just built this powerful Wall in New Mexico. Completed on January 30, 2019 – 47 days ahead of schedule! Many miles more now under construction! #FinishTheWall pic.twitter.com/TYkj3KRdOC — Donald J. Trump (@realDonaldTrump) February 20, 2019 It’s Beautiful! The President will have it built before they mount ther historical battle to stop Trump’s … Read more

Millennials are Flocking to CBD For Anxiety Relief

via readynutrition: There has been a huge surge in CBD oil sales from Millennials. With this generation being dubbed “the most anxious,” they are often the butt of jokes stemming around being entitled, emotionally fragile, and lazy; but perhaps older generations have jumped to conclusions considering what the pressures Millennials are under. Recent surveys and studies have … Read more

70,000 STRIKE In Mexico! Workers Winning!

Of course this is blacked out in the U.S. MSM because in the context of the Class War the media is the tool of the corporate masters. When the worker class starts winning the real war, The Class War, the US television and mainstream print media black the story out. Good thing we have people … Read more

Former Facebook exec: “I think we have created tools that are ripping apart the social fabric of how society works. The short-term, dopamine-driven feedback loops we’ve created are destroying how society works. No civil discourse, no cooperation; misinformation, mistruth. You are being programmed”

During his View From The Top talk, Chamath Palihapitiya, founder and CEO of Social Capital, discussed how money is an instrument of change which should be used to make the world a better place. “Money drives the world for better or for worse. Money is going to be made and allocated – you have a … Read more

Next Shoe To Fall: Liquidation Of Calif. Warehouses Stacked To Rafters By Trade War Preemption

U.S. businesses have been pulling shipments forward ahead of expected tariff increases and China’s Lunar New Year holiday, when the nation’s factories shut down for several weeks. That stacked-up inventory is straining logistics capacity around the neighboring ports of Los Angeles and Long Beach, which together comprise the biggest U.S. trans-Pacific gateway. “In 30 years, … Read more

Jim Rickards: Multiple Risks Are Converging at Once

via dailyreckoning: Since the end of QE and the “taper” in October 2014, the Fed has been trying to “normalize” their balance sheet and interest rates. The balance sheet needed to be reduced from $4.5 trillion to about $2.5 trillion through “quantitative tightening” or QT, which is tantamount to burning money. Interest rates needed to be … Read more

Bernie Sanders Raised $6 Million In One Day After Launching Campaign

Via ZeroHedge Just one day after officially launching his campaign for the 2020 Democratic nomination during an interview on Vermont Public Radio, Bernie Sanders has already raised more than $6 million through more than 220,000 individual contributions, according to CNN. Sanders, who consistently ranks near the top of most polls alongside former Vice President Joe Biden, saw the … Read more

Restoring trust, and delivering on it.

by John Ward I CAN HARDLY BEAR TO WATCH FOR THE NEXT ATTEMPT OF THE POLITICAL CLASS TO GET IT EVEN HALF RIGHT   ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ Returning briefly to last night’s study of purposeful incompetence compensated for by cunning guile, there is an insurance commercial on UK television at the moment. It has a claim in the … Read more

LET THIS SINK IN: The Dems just used a faked hate crime and media mafia support to pass legislation in the US

The Senate on Thursday cleared legislation to make lynching a federal crime. The bill, introduced by Sens. Kamala Harris (D-Calif.), Cory Booker (D-N.J.) and Tim Scott (R-S.C.), makes lynching punishable as a hate crime. The bill previously passed the Senate in December, but it did not clear the then-GOP controlled House before the end of … Read more

How Two Hidden Forces Significantly Contributed To Shaping The ‘Winner-Take-All’ Economy

by jessefelder There has been a lot written recently about the forces that have led us to the current “winner-take-all” economy, or what some have called a new, “gilded age,” a reference to the time when a handful of large “trusts” dominated their respective industries. Most seem to blame the lack of antitrust enforcement and … Read more

Roseanne Barr: Socialism is just another capitalistic program by the rich at the top to enslave the masses.

by Jake Socialism is just another capitalistic Program by the rich at the top to enslave the masses. Rosanne Barr! Roseanne Barr calls AOC ‘bug-eyed Farrakhan loving b***h’ in expletive laden YouTube rant (VIDEO) Scandal-prone former sitcom star Roseanne Barr let loose against leftist Congresswoman Alexandria Ocasio-Cortez and her ‘green new deal’ with a torrent … Read more