Month: May 2020

The Housing Market Faces Ferocious Headwinds

by

By Wolf Richter for WOLF STREET. Pending sales of existing homes of all types in April – contracts on houses, condos, etc., that were signed in April but that haven’t closed yet – collapsed by 33.8% from April last year, after having plunged 16.3% year-over-year in March, with the index plunging to 69, according to the National Association of … Read more

The Oil Storage Crisis Is Far From Over

by

By Alex Kimani It’s more than a month since the oil markets sunk to a nadir in the mother-of-all market routs. Since then, oil prices have staged an impressive recovery, especially from WTI’s negative trade zone visited on April 20. There’s real optimism in the air with the formidable headwinds of a massive supply glut … Read more

The Cheerleaders of War

by

by Martin Armstrong China Proposes A Law Allowing Citizens To Sue US For Starting Coronavirus Pandemic which is entirely understandable after the US Congress proposed Americans can sue China in US courts for the same reason. So lawsuits will be filed, each country will decide against the other, and the people will be entitled to confiscate each … Read more

RUSH: Facebook fact-checks too. Facebook even has a page that explains how their fact-check system works, and Facebook exiles people they don’t like.

by

via rushlimbaugh RUSH: Mark Zuckerberg of Facebook was on Fox yesterday afternoon. He was on the Dana Perino show, and he said that he disagreed with Twitter fact-checking President Trump. He said, “We have a different policy, I think, than Twitter on this. So I just believe strongly Facebook should not be the arbiter of truth … Read more