On Wire

by Michael Snyder Have relations between the United States and China finally reached the point of no return?  At this moment, it would be difficult to overstate how angry the Chinese are with the United States.  Chinese officials are firmly blaming the United States for the enormous political protests that we have witnessed in Hong … Read more

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

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

by DominarRygelThe16th Most people never realize how rich the Rothschild family is. Modern sources tracking wealth always exclude the Rothschilds from the richest lists.

Baffled dental surgeons removed some 526 teeth from a fleshy sack that had grown inside the mouth of a seven-year-old boy who was living with a rare condition known as “compound composite ondontome.” The boy had experienced painful swelling in his lower right jaw since the age of three but refused medical care. After another … Read more

@13:50 on If escalation continues with Iran and war starts, kiss the markets goodbye.   AC

by ShibbyHaze1 Monopolies: The Death Knell Of Capitalism – it’s described here They demonstrate the central role played by monopoly finance capital in economic life: ‘the Big 5 institutional investors – Blackrock, Vanguard, State Street, Fidelity, and JP Morgan – now own 80% of all stock in S&P 500 listed companies’; and they argue that … Read more

For More Information See: https://www.scribd.com/document/42037…  

via Twitter:    

via theepochtimes: President Donald Trump took to his Twitter account on July 27 to begin calling attention to the horrible conditions that exist for the people of Baltimore, especially those who live in Maryland’s 7th district. The congressional representative for that district happens to be Elijah Cummings, the current chairman of the powerful House Oversight & Reform Committee. “Rep, Elijah Cummings has … Read more