by Michael Snyder Many of us are expecting 2020 to be a very unusual year, and it certainly didn’t take long for the weirdness to start. In this article I am going to share several examples of this weirdness with you, and I have a feeling that this is just the beginning of what we … Read more
by Michael Snyder If this is what “the good times” look like, how nightmarish are “the bad times” going to be? In America today, more than 500,000 of us are homeless, about 40 million of us are living in poverty, 50 percent of all workers make less than $33,000 a year, and 70 percent of us have cried … Read more
Prices fall year-over-year in San Francisco Bay Area & New York condo market. Seattle below June 2018. Chicago nearly flat year-over-year. Other markets lose steam. Phoenix, Tampa, Charlotte surge. By Wolf Richter for WOLF STREET. Powered by the innumerable millionaires and multimillionaires that the mega IPOs would be suddenly printing in 2019, home prices in the San Francisco … Read more
by Charles Hugh-Smith One day the stock market ‘falcon’ will no longer hear the Fed ‘falconer’, and the Pavlovian magical thinking will break down as the market goes bidless. The past decade has shown that when the Federal Reserve creates trillions of dollars out of thin air (QE), U.S. stocks rise accordingly. The correlation is very … Read more
earnings growth collapsed – basically all the fiscal injections and frontloading, or basically let's call it a sugar high – is over – that's why trump admin has been begging for nirp, qe-4 and 5, and emergency tax cuts pic.twitter.com/MnjlBmrDxh — Alastair (@StockBoardAsset) January 1, 2020 This is a super interesting chart: normally one would … Read more
As the cost of college continues to rise, student loan debt has reached an all-time high. The combination is putting a particularly troublesome pressure on borrowers, one expert says. “Student loan debt is super debt, even worse than a mortgage on your house,” Michael Calhoun, the president of the Center for Responsible Lending, said on Yahoo Finance’s YFi PM. Just … Read more
One of the more unique aspects of Apple stock has been the company’s historically low price-to-earnings, or P/E, ratio compared with its megacap tech peers. The P/E ratio has long been a key metric used on Wall Street to determine whether a stock is fairly valued. Apple’s P/E ratio steadily climbed this year alongside its … Read more
by DCG At the end of 2019 Mayor Bill de Blasio claimed that New York City Is ‘safest big city in America.” Demorats….delusional as always. Excerpts from the NY Post report: “New York is in a State of Decline. Despite the nation’s longest economic expansion, the Empire State is actually losing population, an analysis of US Census data released Monday … Read more
https://mysteriousuniverse.org/2020/01/faa-issues-ruling-and-begins-investigation-of-mysterious-giant-drones-in-colorado-and-nebraska/ I’ve been in contact with the FAA regarding the heavy drone activity in Eastern Colorado and I’m encouraged that they’ve opened a full investigation to learn the source and purpose of the drones. I will continue to closely monitor the situation. — Cory Gardner (@SenCoryGardner) December 31, 2019 https://ijr.com/faa-probes-clusters-of-mysterious-drones-flying-over-colorado/ Most recently, the US Air … Read more
Africa has become the fastest urbanizing region of the world, with rural migrants moving into cities a clip that has even surpassed that of China and India, as the continent becomes one of the final frontiers of the forth industrial revolution. This rapid transition presents big challenges but also offers big rewards for countries willing to risk … Read more
US Sends Australian-American Amphibious Force to Western Pacific for Countering China Ambitions The U.S. and Australia should establish a combined amphibious force including 2,000 Marines and a similar number of sailors based in Darwin, Australia, to build regional support for countering China’s ambitions in the western Pacific, according to a former Marine colonel. Grant Newsham, … Read more
‘I’m slowly dying here’: ‘Sedated’ Assange tells friend during Christmas Eve call from UK prison as health concerns mount. Julian Assange sounded like a shell of the man he once was during a Christmas Eve phone call, British journalist Vaughan Smith told RT, noting the WikiLeaks founder had trouble speaking and appeared to be drugged. … Read more
By Harry Dent Credit Suisse just came out with their excellent Global Wealth Report for 2019. I will likely do a more in-depth report in The Leading Edge earlier in the New Year. The focus is on wealth, but the income statistics are even more illuminating in this time of peak inequality. I especially like their comparisons per adult … Read more
CNN’s Brian Stelter Ratings Hit ROCK BOTTOM, Fox News Boasts Highest Ratings EVER apparently “orange man bad” wasn’t a good choice for a plot
via zealllc The US stock markets soared in 2019, blasting to dozens of new all-time-record highs. Euphoric traders attributed these massive gains to strong corporate fundamentals and US-China trade-war progress. But the real driver of stocks’ astounding ascent was the Federal Reserve’s epic extreme easing. A panicking Fed pulled out all the stops to goose and … Read more
#recession … China #Banks #Debt #Bubble edition https://t.co/62CcorCVn8 — Invariant Perspective (@InvariantPersp1) December 31, 2019 China #PMI "merely a continuation of this year's and last's dominant trend". pic.twitter.com/NtHI50FNe7 — Invariant Perspective (@InvariantPersp1) January 1, 2020
Losing its magic. Latest venture capital barometer came out just awful. Clearly suggesting further GDP deceleration. This industry is the poster child for the imbalances we see in this cycle. Loads of easy money fueling loss-making businesses at inflated valuations. pic.twitter.com/zpoPCsvDrL — Otavio (Tavi) Costa (@TaviCosta) December 28, 2019 Oct Case Shiller up a … Read more
by Mike Shedlock A debate over a sudden dramatic surge in Repos is raging. Is it or isn’t it QE4? Organic Growth On October 9, Powell discussed “Organic Growth” of its balance sheet. “Going forward, we’re going to be very closely monitoring market developments and assessing their implications for the appropriate level of reserves,” … Read more
Mike & Half Dollar are your hosts for Silver Doctors Live. AND WE INVITE YOU TO JOIN US ON NEW YEARS DAY, AT 11:00 A.M. EST, FOR ‘SILVER DOCTORS LIVE’. We currently live-stream on Mondays, Wednesdays and Fridays at 11:00 a.m. EST. Watch the show live, or the replay of it, in its entirety below! Link to the … Read more
by Political_Bimbo