Rents in the USA: from the Priciest ZIP Codes to the Cheapest

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Rents in Chicago’s toniest ZIP codes are practically reasonable compared to the craziness elsewhere. OK, this is mind-boggler of a juxtaposition: The most expensive ZIP code to rent an apartment in is 10282, which covers Battery Park City, stretching along the Hudson River at the southern tip of Manhattan, where the … Read more

Trump’s Unwinnable Trade War: Gold Explains Why

Authored by Michael Shedlock via MishTalk, Trump wants to cure trade imbalances via tariffs. It cannot possibly work. Another Look at NAFTA One of my readers proposed that problems US balance of trade issues started with NAFTA. Wrong! Please consider Disputing Trump’s NAFTA “Catastrophe” with Pictures: What’s the True Source of Trade Imbalances? Explaining Balance of … Read more

So Much For Goldilocks

BY JOHN RUBINO Stock prices are high and fairly stable, while interest rates are low and fairly stable. A casual observer might infer from this that the global financial markets are experiencing one of those fabled Goldilocks moments where everything is just right. But under the surface things are anything but just right. Among the … Read more

Wall Street Democratic donors warn the party: We’ll sit out, or back Trump, if you nominate Elizabeth Warren

Democratic donors on Wall Street and in big business are preparing to sit out the presidential campaign fundraising cycle — or even back President Donald Trump — if Sen. Elizabeth Warren wins the party’s nomination. In recent weeks, CNBC spoke to several high-dollar Democratic donors and fundraisers in the business community and found that this … Read more

Israeli politics remain in chaos after deadlocked election… General warns Iran situation reaching ‘level of war’

Israeli politics remain in chaos after deadlocked election JERUSALEM (AP) — Benjamin Netanyahu has been tasked by Israel’s president to form a new government for the sixth time in his lengthy political career. This time it’s no mere formality, but rather a daunting endeavor that looks like mission impossible. After an inconclusive national election last week, Netanyahu … Read more

UPDATE: China Unveils ‘Super Surveillance Camera’ That Links To Social Credit System

A new camera with a resolution five times more detailed than the human eye, able to monitor thousands of people in real time and identify individual faces has been unveiled by Chinese scientists, prompting renewed fears about mass surveillance. ABC News in Australia reports that the new 500 megapixel cloud camera AI system, dubbed a ‘super … Read more

The Great LIBOR Liquidation

by Jess L. We are thrilled to introduce Jess L. as a new contributor to RIA. Jess started her career nearly two decades ago as a market maker at Goldman Sachs, followed by a stint at Merrill Lynch. After that, she moved over to the buy-side as a Portfolio Manager at Caxton Associates before ending … Read more