Home Prices in Sydney & Melbourne Spiral Down, Bust Spreads. IMF to Regulators: “Reinforce Financial Crisis Management”

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter   Bitter irony: Government told first-time buyers 5 months before bust began to “get into the Sydney housing market”; once in, “you’re pretty well set for life.” “Nothing goes to heck in a straight line” because there is always a bounce, sooner or later – that’s my story and I’m sticking … Read more

GDP Rose by $1.0 Trillion in 2018, US Gov. Debt by $1.3 Trillion

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Where would GDP growth be without federal borrow-and-spend? So the dreams of 3%-plus economic growth in 2018 were fulfilled, after tax cuts and ballooning federal deficit spending, which acted as a huge stimulus: In the fourth quarter, the economy as measured by inflation-adjusted GDP grew by 0.55% from the third quarter, … Read more