The Mainstream Media Is Hyping Up The Release Of The Mueller Report As If It Were Some Sort Of Key Historical Event

by Michael Snyder Are you ready for the biggest non-event in recent American political history?  The mainstream media is treating Thursday’s release of the Mueller report as an event of critical historical importance, but it isn’t.  Unless Attorney General William Barr was lying to us in his summary of the report, there aren’t going to … Read more

Democrats Led By Nadler and Schiff Outraged at AG Barr Decision to Hold Press Conference…

by sundance Democrat politicians and their water-carrying media allies who helped spur the Mueller investigation for two years are furious about Attorney General Bill Barr and Deputy AG Rod Rosenstein holding a press conference tomorrow (9:30am) shortly before releasing the Mueller report (11:00am). The level of Democrat pearl-clutching over process is only exceeded by the transparency … Read more

The Next Financial Crisis Won’t Be Caused by Fraud: This Time Will Be Different

by Charles Hugh-Smith Extreme levels of debt and overvaluation characterize the entire global economy, and are not limited to any one nation or sector. Financial crises come in two flavors: fraud and credit-valuation over-reach.Fraud-based financial crises may differ in particulars, but they share many traits: perverse incentives are institutionalized; the perverse incentives reward figuring out … Read more

More Airlines Collapse: Jet Airways India, Alitalia, WOW Air

And the 217 planes that Jet Airways has ordered from Boeing? By MC01, a frequent commenter, for WOLF STREET: Today, another major airline collapsed. Jet Airways, India’s largest private airline, announced “with immediate effect” that it was “compelled to cancel all its international and domestic flights.” It suspended operations on a “temporary” basis. It said: “Since no … Read more

House Prices Fall Year-over-Year in 12 of the 16 Most Expensive California Coastal Counties: Here are the Charts

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Despite “the lowest interest rates in more than a year.”   In California, the median house price in March was essentially flat with March last year at $565,880, according to the California Association of Realtorstoday. But among the most expensive 16 coastal counties – those with a median price for a single-family house … Read more

The Smart Money Are Bullish On Volatility Again

by Jesse Colombo At the end of 2018, the global financial markets were reeling, the S&P 500 briefly fell into official bear market territory, and fear gauges were spiking. Sure enough, the Fed started to panic and backpedal on its previously hawkish tone regarding future rate hikes and quantitative tightening. Around the same time, Treasury Secretary Steven … Read more