Breaking news, updates, and reports on current events.
by Charles Hugh-Smith Since the battle is for the legitimacy of the state, it must be waged at least partially in the open. Speculations by outsiders must give Deep State insiders many opportunities to chuckle, “if only they knew.” We don’t know, of course, and public leaks are engineered to misdirect our attention from what’s actually … Read more
by Michael Snyder The middle of the country has been relentlessly hammered by endless rain and unprecedented flooding for months, and now it is about to be absolutely pummeled by Tropical Storm Barry. Needless to say, this is going to cause even more headaches for Midwestern farmers. At this point, millions of acres of prime … Read more
by Michael Snyder Within the last 48 hours we have seen large earthquakes going off like firecrackers all along the Ring of Fire. As you will see below, a magnitude 6.1 quake just hit Japan, a magnitude 6.6 quake just hit Australia and a magnitude 7.3 earthquake just hit Indonesia. And of course all of … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Beatings Will Continue Till the Mood Improves, or Something. The media and the Fed make it sound like inflation is inherently good. That’s how the media pitch it to regular folks — that the Fed is heroically trying to make sure everyone gets enough of it. (10 minutes)
via Zerohedge: In “Where The American Dream Goes To Die“, we published some of the most recent, concerning observations on the current state of the US housing market. Now, courtesy of Deutsche Bank, for our lazier readers, here is a visual recap of the recent turning point in US housing, in which DB’s Torsten Slok … Read more
Rachel Chandler: Epstein victim, turned skeezy famous photographer, photographed with Bill Clinton High fashion W Magazine article “16 Models to Watch According to Rachel Chandler” Picture #4/16 and 13/16 Says the models are from MC2 MC2 modeling agency is all wrapped up in Epstein’s scandals…and now its connected to none other than Rachel Chandler. Article … Read more
via mishtalk: Every month I am amused by the comments from NAR chief economist Lawrence Yun regarding housing fundamentals, especially job growth. Forget about strong jobs. Toss Yun’s views in the ashcan. Compared to wage growth, homes are nearly as unaffordable now as they were at the peak of the housing bubble. That’s without factoring in … Read more
via CNBC: From J.P. Morgan to Microsoft, S&P 500 companies begin rolling out earnings in a big way in the coming week, providing the next big challenge to the stock market rally. Stocks rose to record highs this past week, as Federal Reserve Chair Jerome Powell assured investors the Fed is ready to act to … Read more
by The_Great_Flux Lets start with a few points. 1) Yield curve inversion has lasted more than 3 months. A downturn is evident. We only have only about two years (max and i think that is generous) from the start of the point of inversion. 2) Right now the market is addicted to cheap money, like … Read more
The bull market that began on March 9, 2009 is now 3,777 days old. Need 717 more days to top the longest bull ever (1987 – 2000). $SPX (note: bull defined as >20% advance that continues until >20% decline occurs, closing prices only, not total return.) pic.twitter.com/cFv2omWaFd — Charlie Bilello (@charliebilello) July 13, 2019
Dewan Housing Finance Corporation (DHFL) has posted a big loss of Rs 2,224 crore for the quarter ended March 2019, which was dented by additional provisioning. It was the first quarterly loss reported by the company since its inception, as per financials record available on Moneycontrol since June quarter 1998. The stock had lost nearly … Read more
For those who "can't see the recession", it's illustrated for you in this chart. The NY Fed model now pegs recession risk at 32.9%, a 12-year high. History shows there's no turning back at this level. pic.twitter.com/hUteBhNOzr — David Rosenberg (@EconguyRosie) July 8, 2019 Class 8 Truck orders have collapse to 2008 financial crisis levels … Read more
● Sacramento County Says It’s Illegal to Work on Your Own Car in Your Own Garage. —Jalopnik, July 3rd. ● “In a bizarre stunt Friday, an elf-costumed real estate developer threw money at residents of a homeless camp in California in an effort to entice them to leave.” —Fox News, yesterday. ● How California’s Housing Crisis Could Hit … Read more
by WARREN MOSLER Still in contraction: China Imports Tumble in June Imports to China plunged 7.3 percent from a year earlier to USD 161.86 billion in June 2019, much worse than forecasts of a 4.5 percent drop, a further sign of weak domestic demand that could lead Beijing to add more stimulus. Purchases fell for: … Read more
The Air Force gave a word of caution to the thousands of people planning to storm Area 51 in Nevada later this year, warning the UFO enthusiasts that the military “stands ready to protect America and its assets.” Pressed by The Washington Post on Friday about how officials plan to respond to those who turn up to the Nevada … Read more
You can’t make this stuff up.. Fox News post a video with the title ” Former Epstien Attorney Ken Starr.. I saw that and my mind exploded!! Why have I not heard of this yet? Ken Starr https://en.wikipedia.org/wiki/Ken_Starr AC
Here we are, 10 years out from the Financial Crisis and people still haven’t been able to accumulate enough savings, enough wealth to retire. With expenses always rising, it’s difficult to be able to keep up when income stays flat. In a recession, pension funds lose ground and do not make it back. 401k’s are … Read more
We’re STORMING AREA 51! BLACK VESTS? Why FTC $5 Billion Fine Actually Helped Facebook. presearch – https://www.presearch.org/signup?rid=…
