NEW YORK (CBSNewYork) — It has worked in cities like London and Singapore and state lawmakers are hoping congestion pricing will decrease traffic in New York City, too. CBS2’s Hazel Sanchez found out what Sunday’s historic news means for drivers. Big Apple subway and buses will soon be getting some much-needed improvements at the expense of … Read more
Authored by Lance Roberts via RealInvestmentAdvice.com, Last week, Barron’s ran an article entitled “The Stock Market Is Just As Confused About A Potential Recession As You Are?” To wit: “Investors have long used where we are in the economic cycle to decide which stocks to buy and sell. New research from Nomura’s Joseph Mezrich flips that on its head … Read more
by Michael Snyder Just like we witnessed during the last recession, major retailers are laying off tens of thousands of workers, and it looks like this will be the worst year for store closings in all of U.S. history. Many are referring to this as “the retail apocalypse”, and without a doubt this is one of the … Read more
by Charles Hugh-Smith Those who own stocks and housing now will continue getting richer, those who don’t will be priced out of these markets. A classified Federal Reserve memo sheds new light on the Fed’s confidence in its control of the economy and the stock and housing markets. In effect, the Fed is guaranteeing that there … Read more
by Michael Snyder Has the #MeToo movement destroyed Joe Biden’s chances of ever getting to the White House? In virtually all of the early polls for the race for the Democratic nomination, Biden had been leading. And most polls have showed him with a sizable lead over Donald Trump in a hypothetical head to head contest. … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Home prices that rise faster than wages – as they have done for years now – are not a free lunch for the economy. And now there is no good way out (9 minutes).
via Zerohedge: According to the Netherlands Bureau for Economic Policy Analysis (CPB), world trade plunged to its weakest levels not seen since the financial crisis. The report published last week shows world trade expanded by 2.3% in January after the index tumbled in 4Q18. The recent rebound was broad-based with the strongest seen in emerging markets Asia … Read more
BY JOHN RUBINO Jim Rickards: In the next financial panic, “gold will be going up $100 a day, $1,000 a week” … Noam Chomsky on the Russiagate “farce” … Glenn Greenwald is vindicated by Mueller Report … Rick Rule: In precious metals things take place in three or four year cycles; don’t worry about a … Read more