Turmoil in the housing market and its impact on the “median price.” By Wolf Richter for WOLF STREET. Across the US, despite record low mortgage rates, sales of “existing homes” – closed transactions of previously owned single-family houses, townhouses, condos, and co-ops – …
by Michael Snyder Even though most U.S. states have begun the process of “reopening” their economies, the unprecedented tsunami of job losses that we have been experiencing just continues to roll on. On Thursday, we learned that another 2.4 million …
https://www.youtube.com/watch?v=ZEPagS0mADc Recently Chris Cuomo interviewed his brother Andrew Cuomo where they proceeded to do a “prop comedy” routine with his brother.
Many professional financial observers have opined that the stock market bottom is in. Yes, stocks have rallied since March 23, however, the return of this sentiment should give investors pause.
by AvailableLight3 SPY just completed a textbook perfect Elliott Wave impulse and is starting a nice looking correction as well. Yes, this is chart crayon drawing and I usually don’t pay attention to this stuff, but this market is so …
See this clip, 1:04 mark. Ben Bernanke tells @RonPaul that his plan is to get the balance sheet to 'something under $1-trillion.' (March 2010)There is no chance the Fed will unwind any of this post-crisis balance sheet expansion.https://t.co/yVHlMyp7xj — Peter …
Imagine Fed’s surprise when they realise that another Deflationary Bust is developing…. despite flooding the system with money….! https://t.co/NYZkvXlLxG — Henrik Zeberg (@HenrikZeberg) May 21, 2020 Again. The Fed just bought another $80b in mortgage backed securities. It accounted for …
by trollhard9000 According to the Wikipedia entry for the Fed model for evaluating equities: In its strongest form the Fed model states that bond and stock market are in equilibrium, and fairly valued, when the one-year forward-looking earnings yield equals the …
by MakeTotalDestr0i
Many Jobs May Vanish Forever as Layoffs Mount With over 38 million U.S. unemployment claims in nine weeks, one economist says the situation is “grimmer than we thought.” The PDF of the Borrero, Bloom, and Davis working paper I’ll try to …
Just the brrr-ginning$ pic.twitter.com/N3mJlezh8f — James Henry Anderson (@jameshenryand) May 21, 2020 78 Central Banks around the world have cut interest rates in 2020… pic.twitter.com/b3RSx9hiLY — Charlie Bilello (@charliebilello) May 21, 2020
Earnings expectations have completely collapsed globally, but is that a good thing or a bad thing from a market cycle perspective? Here's the historical take + context: https://t.co/A7iWhi96pC pic.twitter.com/BMg7YezDW5 — Topdown Charts (@topdowncharts) May 21, 2020 #recession … #GFC2 edition …
(by Half Dollar) Hat tip to Jason for bringing this to our attention! I’m not sure if this is funny, or just pathetic. Or simply profit motivated? Because how can a hedge fund manager make any money if you have a …
From Birch Gold Group Back in February, we reported that next year’s Cost of Living Adjustment (COLA) from Social Security may get “infected” by coronavirus, thanks mainly to inflation. We suggested the COLA would not be enough to cover increased prices. And it …
https://www.youtube.com/watch?v=rF48hj4bV6c In the midst of a sweltering heatwave in the city of Beirut, protesters have been driven to attempt breaking into the Ministry of Energy offices in a desperate gambit to have mandatory electricity cuts lifted. The electricity cuts, which …
https://twitter.com/dbongino/status/1263449477546999809
By Irina Slav It’s a rule of thumb among epidemiologists that every epidemic is different and could be laden with surprises. It now seems the same applies to economic crises. During the last downturn, the one that started from the …
by John Ward DEFRA Secretary George Eustace announced this morning that money does indeed grow on trees. The environment, food and rural affairs Supremo issued a scathing statement about previous Prime Minister Theresa May’s “blatant lie” on the subject of money …
Sometimes you cant tell the public the truth. YOU MUST SHOW THEM. Only then will people find the will to change. Take notice of the picture of Trump playing Chess at the end of the video. And notice he is …
Sounds like that writer needs to go to a mental hospital because she is not all there
Will the Political Class Be Held Liable For What They’ve Done? And the evergreen answer: When has it ever been? “Shutting down entire states, including vast uninfected rural swaths, is the economic equivalent of burning witches or sacrificing virgins to …
from Financial Survival Network Stuart Englert is the author of Rigged: Exposing the Largest Financial Fraud in History. The largest financial fraud in history wasn’t Enron’s colossal accounting crimes, Bernie Madoff’s record-setting Ponzi scheme or the Libor scandal, in which some of …
by DCG MyFoxChicago reports that there is a Change.org petition that urges Creepy Joe to support a universal basic income of $2,000/month for U.S. residents because of the devastating effects of the response to the Wuhan virus. As of my scheduling this post, the petition …
via rushlimbaugh RUSH: Who’s next? This is Dee in Des Moines, Iowa. You’re next. You’re up. Hello. CALLER: Hi, Rush. Say, mega prayers, and you have gotten me through many, many years, the presidency of Obama — I didn’t think it …
via rushlimbaugh RUSH: And looky here. You know, this does not surprise me. I’ve been kind of waiting for this. There’s a Bloomberg story here about now young Millennials are fleeing America’s big cities and they’re going back home, either going back home …
https://www.youtube.com/watch?v=QX2PK0bn94c The International Olympic Committee is issuing a stark warning that if the novel coronavirus isn’t under control, the 2021 Summer Games will not happen. IOC President Thomas Bach and Japanese Prime Minister Shinzo Abe said the health of athletes …
Right now, around the world, we are underway and ready. Right now, around the world, we are underway and ready. #ForceToBeReckonedWith@TheRealCVN71 @USSHARRYSTRUMAN @NimitzNews @Warship_78 @Gipper_76 @TheCVN69 @CVN_72 pic.twitter.com/mGZq4j7rQP — U.S. Navy (@USNavy) May 21, 2020 h/t Builder
https://www.youtube.com/watch?v=tkr2MyF8d1M&feature=youtu.be&t=7097 AC
Between Obama’s OFA, which the website has the same photo that he uses on twitter, and their “Resist,” school that Elizabeth Warren pushed on YouTube. They know exactly what’s happening. It’s no longer about left verses right. It is completely …
