Breaking news, updates, and reports on current events.
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But this new & horrendous house flipping operation inflated revenues “more than expected.” Zillow, which has generated an unbroken series of annual losses as a public company since its IPO in 2011, has figured out how to lose even more money, a lot more money, and at the same time boost … Read more
“More than C$7 billion in dirty money was laundered in B.C. in 2018, hiking the cost of buying a home by about 5%, according to British Columbia’s Expert Panel on Money Laundering in Real Estate.” By Stephen Punwasi, Better Dwelling: Canadian real estate is a giant washing machine, confirms the British Columbia government. The province’s Attorney General office … Read more
Why Escalate Trade War If Negotiations Are Going so Great? – The U.S. stock markets finished off the worst week of the year with a gain despite the fact that, as expected, the trade talks between the United States and China broke down today, and no deal. The new tariffs went into effect at 12:01am … Read more
via @TaviCosta: Global export volume just fell to its lowest level since the last two recessions! Root cause? Asia. Their exports are plunging by 9%! More macro charts in this important video: https://www.youtube.com/watch?v=8Se7NcFR2Qo&t=1s … https://www.youtube.com/watch?v=8Se7NcFR2Qo&t=1s
Expect this to ripple through the economy a few months from now… pic.twitter.com/OUBw5mLm1Y — David Schrottenbaum (@David_Schro) May 9, 2019 Loan demand has weakened deeper into negative territory pic.twitter.com/Zt8VelbE5l — Liz Ann Sonders (@LizAnnSonders) May 9, 2019 https://twitter.com/UPFINAcom/status/1126213833222184961
https://twitter.com/TonyNashOnAsia/status/1126518847794708483 China defaults hit record in 2018, and the 2019 pace is triple that
via @OccupyWisdom : Leveraged loans are very risky because the loan is “leveraged” against the private equity group’s capital & it’s ability to turn a struggling company around while paying off all the debt. These loans are sold in packages (called collateralized loan obligations) to other investors much the same way as mortgages are bundled for people … Read more
On July 31, 2019, the 3% cash back at select U.S. Department Stores will be removed. Starting August 1, 2019, Card Members will earn 1% cash back at select U.S. Department Stores. Starting on May 9, 2019, Card Members who have the Blue Cash Preferred Card will receive two new benefits: 6% cash back on … Read more
https://twitter.com/OccupyWisdom/status/1126498568259481600
Greg Hunter gives The Weekly News Wrap-Up for Friday, May 10th, 2019 President Trump gave an impromptu press conference today after some announcements on what his Administration plans to do to combat spiraling healthcare costs. He laid out the trade dispute with China, talked about North Korea missile testing and accused John Kerry of illegally meddling with … Read more
via silverdoctors: American farmers are struggling more than ever. Small U.S. businesses can’t plan for the future. Consumers are facing much higher prices. Exactly how is all of this trade deal flip-flopping making America great again? I mean, one month we have a deal, one month we don’t have a deal, one week Trump is ready … Read more
Barclays, Citigroup, HSBC, JPMorgan, and three other banks are set to… by Chris Powell of the Gold Anti-Trust Action Committee (GATA) By Foo Yun Chee Reuters Thursday, May 9, 2019 BRUSSELS, Belgium — Barclays, Citigroup, HSBC, JPMorgan, and three other banks are set to be fined by European Union antitrust regulators in coming weeks for rigging the multi-trillion dollar … Read more
by TFittonJW Big results from Judicial Watch discovery in Clinton email “matter”: ‘WH called – have we received a FOIA request’ – State Department (Washington, DC) – Judicial Watch announced today that it obtained 44 pages of records from the State Department through court-ordered discovery revealing that the Obama White House was tracking a December 2012 Freedom of Information Act … Read more
Holy Hypocrisy! The Political Class are the 1% (Link to article below) https://www.huffingtonpost.ca/2019/05/01/chrystia-freeland-taxes-rich_a_23720034/?ncid=other_twitter_cooo9wqtham&utm_campaign=share_twitter
Forty-five percent of adults say they find it difficult to make new friends, according to new research. A new study into the social dynamics of 2,000 Americans revealed that the average American hasn’t made a new friend in five years. In fact, it seems for many that popularity hits its peak at age 23, and … Read more
US government records $160.3 billion April surplus WASHINGTON (AP) — The federal government recorded a $160.3 billion surplus in April as revenues for the month jumped to an all-time high. But even with a flood of tax receipts, the deficit so far this year is running 37.7% higher than a year ago. The Treasury Department … Read more
by Martin Armstrong The House Judiciary Committee voted Wednesday to hold Attorney General William Barr in contempt for refusing to turn over an unredacted version of the Russia report after an acrimonious session underscoring the country’s widening political divide. Naturally, the vote was 24-16 along party lines. House Democrats are using the legal process to … Read more
by Martin Armstrong QUESTION: Mr, Armstrong; Why the push for lower interest rates again in developed markets? You have stated the QE has been a total failure. Are they incapable of doing anything else? KE ANSWER: We are switching from QE to a new reality of budget management. If interest rates rise on government bonds, the budget … Read more
https://www.youtube.com/watch?v=Nvlp8LBfxHk Retail bankruptcies and store closures are mounting at an alarming rate with nearly 6,000 store closures announced so far this year, due in part to the rise of online shopping. RT America’s Trinity Chavez reports on the trend for the News with Rick Sanchez.