Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But apartment rents in 10 other cities surge 10% to 15%. In the most expensive US markets, apartment rents hit a ceiling some time ago, in some cases four years ago, and have dropped from those highs, as tenants have reached their limit. That this wasn’t a brief fluke, after which … Read more
via Zerohedge: The nationwide housing bust is underway with the first cracks showing up in Seattle-area home prices. The price of a Seattle single-family home in May fell 1.2% YoY, the first negative change in a major US city in this cycle, according to new data from S&P CoreLogic Case-Shiller. “Whether negative YOY rates of change … Read more
by independenttrader Donald Trump’s victory in the presidential election of 2016 was a huge surprise for the establishment. Since 1990s, or at least that’s how I remember, one of two candidates serving the same groups of interest (financial and military sectors) has been elected as the president of the United States. Financial industry benefited from … Read more
by Mike Shedlock The long end of the yield curve continued its post-FOMC decline on poor manufacturing reports and new Trump tariffs. Bond yields were already in steep decline today on ISM news. Trump goosed the market with additional tariffs on China. Fed Gets Unwanted Reaction The Fed cut interest rates this week in hopes … Read more
via mises: It was announced earlier this month that Piper Jaffray is buying boutique investment banker Sandler O’Neill & Partners L.P. for $485 million. The Wall Street Journal reported, Sandler O’Neill is a leader in advising small and midsize banks on deals, having been involved in 355 bank mergers since 2010, according to Dealogic. It is an area that … Read more
Trump hit China with new tariffs this week on $300 billion of goods. His trade negotiation team came back from China without a deal and no deal in site. The tariffs go along with the 25% tariffs already on more than $200 billion in Chinese made goods. They say consumers in America are paying for … Read more
by WARREN MOSLER Deceleration continues- see chart: Highlights How far along the rate-cut path will the Fed go? Maybe a bit further given a middling employment report where an important detail is pointing to big trouble for the next industrial production report. First the headlines as nonfarm payroll rose 164,000 which is actually 13,000 above … Read more
SHANGHAI—An accounting scandal has disrupted dozens of initial public offerings and other fundraising plans in China, intensifying investor concerns about the amount of trust they can place in audited financial results in the country. In recent weeks, a string of Chinese companies have halted financing plans, with many saying the China Securities Regulatory Commission was … Read more
by DominarRygelThe16th Most people never realize how rich the Rothschild family is. Modern sources tracking wealth always exclude the Rothschilds from the richest lists.
by WeAreTheResistance This little chicken hawk warmongering POS Josh Rogin dutifully wrote a hit piece on Tulsi claiming her position on Syria was “un-American”. Little Josh here is still rather butt hurt that Tulsi came out and stood up Barack Obama when he was arming terrorists there. Is arming terrorists American Josh? He even has … Read more