Breaking news, updates, and reports on current events.
via Zerohedge: Following February’s very mixed picture (Services soared, Manufacturing tumbled), PMIs were expected to revert modestly in March (especially following this morning’s collapse in German PMI). However, just like Germany, US Services and Manufacturing PMIs dropped notably more than expected: US Manufacturing PMI prints 52.0, down from 53.0 (and expectations of 53.5) – 21-month low … Read more
via mishtalk: Yields dropped across the board today as the Fed said it would be patient. A “Dot Plot” shows no hikes expected in 2019. The lead chart shows interest levels today vs those on December 18, the last meeting in which the Fed hiked rates. 22 Inversions! 7-Year with FFR, 1-Month, 3-Month, 1-Year 5-Year … Read more
Real estate isn’t just about a person buying a home. It’s about the debt-based product that has been created and the entire reason why we have seen such an escalation in prices. Mortgages are the only way that the majority of people could ever afford their homes. Many people are diligent in paying back. But … Read more
by independenttrader Investing in real estate is usually associated with buying, renting and sale of the given property. It is a process that usually requires a lot of time and significant financial outlay. In reality however, investors have at their disposal a solution that makes it easier to get an exposure to the real estate market. … Read more
by Martin Armstrong They continually try to force socialism upon society so a few can live off of other people’s money. The problem is that capital can flee, as we have just witnessed with Amazon bailing out of New York City and AOC calling it a victory for the little people because they will not … Read more
by notayesmanseconomics Yesterday brought something of a change to the financial landscape and it is something that we both expected and to some extent feared. Let me illustrate by combining some tweets from Lisa Abramowicz of Bloomberg. Biggest one-day drop in 10-year yields in almost a year…..Futures traders are now pricing in a 47% chance of a … Read more
via redstate: “So how are you different from — I mean obviously besides from being yourself and your background, but as far as policy goes, as far as a plan goes, how are you different?” Kimmel followed. “Because, for me, what I need to figure out is, ‘Okay, there’s a lot of people here.’ How do … Read more
Of course truth matters. Partisan politics shouldn’t cancel truth no matter what side someone is on. https://www.youtube.com/watch?v=Rr-_xokU9_M
Now Fox News has hired Danny O'Brien, a former aide to Joe Biden as his chief lobbyist. He is a well-known Democrat.@FoxNews @OANN — Robert Herring (@RobHerring) March 21, 2019 OANN CEO Robert Herring Offers Fox’s Judge Jeanine a Job With OANN: “we’d love to have her” (1) Fox News is bowing down to … Read more
by Michael Snyder What in the world has happened to us? Once upon a time, America had the greatest system of education on the entire planet, and our people were sharp, capable and extremely well informed. Sadly, none of those things are true anymore. In 2006, Mike Judge made a movie entitled “Idiocracy” in which … Read more
by Charles Hugh-Smith With each passing day, we get closer to the shift in the tide that will sweep away this self-serving delusion of the ruling elites like a crumbling sand castle. Those living in revolutionary times are rarely aware of the tumult ahead: in 1766, a mere decade before the Declaration of Independence, virtually no … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter There cannot be a recession without a pullback in services. Revenues in the major private-sector services categories rose 6.3% in Q4 2018, compared to the same quarter a year earlier, to $4.01 trillion, not seasonally adjusted, breaching for the first time the $4 trillion mark, according to the Commerce Department’s detailed Quarterly … Read more
by kit8642 https://youtu.be/rU-IKwDquDg Credit Karma’s new ads are quite telling, especially when you consider that google has been the main funder of it. In March 2014, Credit Karma raised $85 million in Series C financing, led by Google Capital with participation from Tiger Global Management and existing investors.[26] The company followed that with $75 million … Read more
by Orangutan Not sure who’s responsible for this, but we as tax payers are funding it at whatever cost per year. Private prisons are profiting? Lobbyists run the gov’t? via democracynow: A shocking new study by the American Civil Liberties Union has found that more than 3,200 people nationwide are serving life terms without parole for … Read more
by caem123 The best minds study homelessness and related crime. They discover root cause is drugs (not high rents). Root cause of drugs is found to be small or no sentences dealt to arrested drug dealers, who are rarely detained or convicted. Citizens (and cops) repeatedly beg city counsel and officials for help. Officials … Read more
by Playaguy Almost all of the shocking predictions – from the loss of British sovereignty, to monetary union and the over-arching powers of European courts – have come true. But damningly for Tory Prime Minister Edward Heath, and all those who kept quiet about the findings in the early 70s, the document, known as … Read more
by Troy The stock market rally continues, with the S&P 500 now within 3% of its all-time highs. Meanwhile, various leading economic indicators are showing similarities to previous bull market tops. Let’s determine the stock market’s most probable medium term direction by objectively quantifying technical analysis. For reference, here’s the random probability of the U.S. stock market … Read more
via Mark Hanson RedFin puts out a monthly home sales report, which contains a lot of great data. The chart below shows Feb 2018 year-over-year price growth, which was off the charts, compared to Feb 2019 year-over-year growth, which was very weak. This y/y growth deceleration is staggering, especially in the high-flying regions. Very few regions … Read more
by visualcapitalist Understanding the stock market can be a daunting task for any new investor. Not only are there many concepts and technical terms to decipher, but nearly everybody will try to give you conflicting pieces of advice. For example, if a stock in your portfolio falls in price, should you be accumulating additional shares at … Read more