The skyscraper indicator shows we’re near a market top

Via Marketwatch More than two dozen supertall skyscrapers are in development in New York City, potentially more than tripling the existing number. When stocks go to the moon, buildings head for the sky. Historically, bull markets in stocks and real estate bubbles, especially in commercial property, go hand in hand. The same irrational exuberance that … Read more

Medicare For All… What Will It Cost?

Democratic front runner Elizabeth Warren supports Medicare for All, but at the #DemDebate refused to answer questions about what it will cost! Here are facts about single payer she probably doesn’t want you to know: pic.twitter.com/f0F8JIE1XS — John Stossel (@JohnStossel) October 17, 2019 The 2nd amendment is a RIGHT! If healthcare is a right, would … Read more

The Fed Is Lying To Us

Authored by Chris Martenson via PeakProsperity.com, “When it becomes serious, you have to lie” The recent statements from the Federal Reserve and the other major world central banks (the ECB, BoJ, BoE and PBoC) are alarming because their actions are completely out of alignment with what they’re telling us. Their words seek to soothe us … Read more

Gold Vs. Bitcoin: Bitcoin Will Be Hacked By Supercomputers And Banned By Governments

by Egon von Greyerz In this interview Kerry Stevenson from Symposium discusses with Egon von Greyerz the deteriorating health of the global world economy. The root cause originates from deceitful governments, derivatives, money printing and too much debt. Egon doubts Cryptos will be a saviour of the upcoming global melt down. Egon purports: Governments are likely to ban Cryptos, by … Read more

Youtube Censorship

https://www.youtube.com/watch?v=KEG11EZJeAs The founders of our nation, in debating which laws would form the government of the United States of America, often said this when they believed different things than their countrymen, “I totally disagree with what you say, yet I will fight to my death to defend your right to say it.” What has happened … Read more

China helped drag the global economy out of the 2008 recession, but will it be able to do the same in 2020? Plus, is the IMF correct about US GDP?

via upfina: It’s easy to be confused about the direction of the trade war because of how quickly politicians change their statements and how the stock market reacts in a dizzying fashion. We can see stocks move up and down on trade rumors even though the weakness in U.S. economic growth is cyclical and the slowdown … Read more

Another Chinese Mega-Construction Project in California Is Halted, this one in San Francisco. List of Troubled or Scuttled Chinese Projects in California Grows

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter How China’s crackdown on debt and capital flight pulls the rug out from under mega-real-estate projects. After months of rumors and speculation amid apparently failed efforts to secure a short-term loan and find an equity investor, property developer Oceanwide, a division of Chinese conglomerate Oceanwide Holdings Co. Ltd., said that it … Read more

JP MORGAN WARNS: Recession Coming SOON! – Jamie Dimon Among Other TOP BANKERS Sound Alarm!

Josh Sigurdson talks with author and economic analyst John Sneisen about the warnings coming from JP Morgan’s Jamie Dimon as well as Moody’s and many other major financial institutions. Everyone is acknowledging what we have been warning of for years. A recession is close on the horizon. The issue is that we’ve all already been … Read more

Singapore passes fake news legislation threatens fines of $43,000 and up to 10 years in jail for anything that is disruptive to the “tranquility of the nation”, and to that of its friendly allies

via maritime-executiv: A law intended to stop “fake news” came into effect in Singapore this month. The Protection from Online Falsehoods and Manipulation Act was passed in May. It requires online platforms, including social media, to issue corrections or remove content that the government deems false. The act states that a person must not do any … Read more

The Hill: Top Dem Harry Reid Warns Other Democrats: “I used to think that Trump was not too smart … but he is a very, very smart man.”

http://magaimg.net/img/96×0.jpg “I used to think that Donald Trump was not too smart. I certainly don’t believe that anymore,” Reid told CNN’s David Axelrod during an interview on “The Axe Files” aired late Saturday. “But he is basically a very, very smart man.” When asked what advice he would give to a candidate running against Trump, … Read more

Harvard Trained Economist: Peak Debt, Worse Than The Housing Bubble

by Harry Dent via Economy & Markets In the September issue of Boom & Bust, I talked about corporate debt being the greatest threat globally this time around. The worst is in the emerging world that used cheap printed dollars from the developed countries, primarily the U.S., to fund a debt binge concentrated in the corporate sectors. But our corporate sector also … Read more