Real Interest Rates Are More Negative Now Than In the 2004-2007 Housing Boom

https://mishtalk.com/economics/real-interest-rates-are-more-negative-now-than-in-the-2004-2007-housing-boom Meaning of Real Real means inflation adjusted. But what is the best measure of inflation? Home Price Not in the CPI Home prices are not in the CPI. They should be. Economists generally disagree with me, but what good is a measure of inflation that excludes key prices? The CPI ignores housing prices, what … Read more

Everybody’s Everything Bubble: Shiller CAPE Ratio Climbing With Fed Monetary Stimulus (House Prices Gone Wild!)

by confoundedinterest17 I call this the Everybody’s Everything asset bubble. Take a look at Robert Shiller’s CAPE (Cyclically-adjusted Price-Earnings) ratio. It has been rising ever since The Federal Reserve and other global central banks began their interest rate suppression and quantitative easing (QE) programs. Not quite to the peak of the Dot.com bubble, but trying!!! Since the housing … Read more

Big Tech Faces Onslaught of Antitrust Bills… Cook Called Pelosi with ‘Warning’… Apple Legal Worries Grow As Long-dormant French Case Moves Ahead…

  Cook called Pelosi with ‘warning’ about antitrust bills… After members of Congress introduced new antitrust legislation earlier this month, Apple CEO Tim Cook reportedly called up House Speaker Nancy Pelosi (D-Calif.) and others with a few complaints. Cook called Pelosi and other members of Congress after lawmakers introduced six antitrust bills, with the Apple executive looking to “deliver a warning” that the … Read more

111 degrees forecast in Portland as ‘life-threatening’ heat looms

A heat wave of unprecedented magnitude and duration is forecast to grip the Pacific Northwest this weekend and bring dangerously high temperatures that could make life miserable into next week for a region where air conditioning is not a fixture in most households. Triple-digit temperatures are forecast throughout parts of Oregon and Washington, which includes … Read more

Asian man pushed onto subway tracks in Queens

LONG ISLAND CITY, Queens (WABC) — Police are investigating yet another crime against a person of Asian descent after a man was pushed onto the subway tracks in Queens Monday morning. It happened around 7:45 a.m. at the 21st Street/Queensbridge subway station on the F line. https://abc7ny.com/asian-crime-subway-attack-man-pushed-on-tracks-hate/10687298/ Asian woman in New York City hit with … Read more

Third World America

By Chris Black This is symbolic for the things to come … first slowly, then all of a sudden. Are you familiar with the saying: you import the 3rd world, you become the 3rd world? Also known as “demographics are destiny”? Well, Miami is becoming a 3rd world shithole, and just like many places in … Read more

NYC subway no longer accepting cash

NEW YORK (CBSNewYork) — A big change is coming to New York City subway token booths. The MTA says booth workers will no longer accept riders’ cash or swap their damaged MetroCards. https://newyork.cbslocal.com/2021/06/23/mta-cash-damaged-metrocards/

Jason Burack: Despite More Gold Paper Price Smashes, Central Banks Are Buying More Large Orders of Gold

Wall St. For Main St., Released on 6/23/21 According to new IMF data out, The Bank of Thailand, Thailand’s central bank, followed up April’s record purchase of 43.5 tons with an even larger 46.7 ton purchase of gold in May. Were paper gold prices smashed to help fill this order and other large orders? Commit … Read more