Major housing bubble alert: Some mortgage originators in Seattle now agree to consider Amazon employees’ potential future earnings from restricted stock units as income for the purposes of qualifying for home loans.

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via seattletimes: As if highly paid Amazon employees needed another helping hand, some lenders are making it easier for the company’s new tech hires to qualify for home loans. Some mortgage originators now agree to consider Amazon employees’ potential future earnings from restricted stock units — which can make up the majority of their compensation package … Read more

Global trade volumes 12mo % change haven’t done this in a decade! S&P500 earnings growth 3Q19 in free fall! Global central banks are freaking out with panic cuts

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global trade volumes 12mo % change haven't done this in a decade! and before that, the dot-com bust. pic.twitter.com/aZnB5ZgSs6 — Alastair (@StockBoardAsset) September 7, 2019 China's August exports unexpectedly shrink as U.S. shipments slump pic.twitter.com/t70W8V9zCd — Alastair (@StockBoardAsset) September 8, 2019 could plunging car sales suggest consumer sentiment is about to drop? pic.twitter.com/8q8hhrWIAm — Alastair … Read more

The History of Debt Cancellation – Debt Jubilee should be a part of any economic reform

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via counterpunch: Left Out, a podcast produced by Paul Sliker, Michael Palmieri, and Dante Dallavalle, creates in-depth conversations with the most interesting political thinkers, heterodox economists, and organizers on the Left.   The Hudson Report is a new weekly series produced by Left Out with the legendary economist Michael Hudson. Every episode we cover an economic or political issue … Read more

Trump Gets Another Republican Challenger

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Washington (AFP) – Former Republican governor Mark Sanford announced Sunday he is entering the race for his party’s presidential nomination, in a long-shot challenge to President Donald Trump. Sanford, who would be the third Republican to mount a primary bid against Trump, said he had decided to run because of the “astounding” debt and deficits … Read more

DMVs are Selling Personal Data to Private Investigators

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Motor vehicle departments around the United States are taking drivers’ personal information and selling it to a range of businesses, including private investigators, generating millions of dollars in revenue, said a scathing new report. According to Motherboard, which obtained hundreds of pages of documents through public records requests, members of the public are likely not … Read more

More people traveling world than ever. But number coming to America is dropping

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Travelers can’t get enough of globe-trotting. But have they had enough of the United States? According to the World Tourism Organization, a United Nations agency, the number of international tourist arrivals around the world reached 1.4 billion last year. That represented a 6% increase, and the organization forecast the number to grow by another 3 … Read more

U.S. Oil Market Suffering As The Trade War Escalates

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By Robert Rapier The ongoing trade war with China is impacting many industries. Market volatility is being exacerbated by President Trump’s pattern of vacillating between threats and cease-fires on the topic. At the beginning of August, the markets were sent into a tailspin by President Trump’s threat to impose tariffs on another $300 billion of … Read more

Warren-Clinton team up

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WASHINGTON — Elizabeth Warren’s team doesn’t want to talk about Hillary Clinton, but that doesn’t mean the 2020 presidential candidate isn’t talking with her party’s 2016 nominee. The two women have kept a line of communication open since the Massachusetts senator decided to run for president — though only a conversation around the time of Warren’s … Read more