Japanese authorities have directed more than 1 million residents in parts of the southern main island of Kyushu to evacuate to designated shelter

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 Tokyo — Japanese authorities on Wednesday directed more than 1 million residents in parts of the southern main island of Kyushu to evacuate to designated shelters as heavy rains batter the region, prompting fears of landslides and widespread flooding. The Fire and Disaster Management Agency said the directive was issued in three southern prefectures. Directives … Read more

Tornado in China kills 6, injures 190

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A tornado tore through a bustling city in northeastern China Wednesday evening, killing six and injuring at least 190. Images posted to social media show a large tornado tearing through Kaiyuan City in China’s Liaoning Province around 5:15 p.m. local time. The twister reportedly knocked out power and damaged buildings along its path, particularly in … Read more

Another indicator turning south, and this is a big one, as it’s the source of most consumer income

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by WARREN MOSLER Another indicator turning south, and this is a big one, as it’s the source of most consumer income: Familiar pattern? As if rate cuts would help output, employment, or earnings, all of which are decelerating: Dow rises 100 points and heads for record close amid expectations for the Fed to lower rates … Read more

DJT Curse? Nolte: CNN Death Spiral Continues with Double Digit Q2 Ratings Collapse

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The far-left fake news outlet CNN came in 15th place in primetime during the previous quarter and lost nearly 20 percent of its already pathetic viewership. Let’s go straight to the numbers… During the second quarter of this year, here’s how the average viewing audience stacked up… Primetime FOX: 2.4 million MSNBC: 1.67 million CNNLOL: 761,000 … Read more

ABC, NBC and CBS follow MSNBC/Will not air Trumps 4th of July parade

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https://twitter.com/BreakingNLive/status/1146503322284756993 Will not air Trumps 4th of July parade   Donald Trump promises the cost of his ‘show of a life time’ will be ‘very little compared to what it is worth’ as critics question cost of July Fourth celebration ‘The cost of our great Salute to America tomorrow will be very little compared to … Read more

Bitcoin Creates Monster Bearish Reversal Pattern

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by Kimble Charting The chart looks at Bitcoin on a weekly basis over the past 6-years. The long-term trend remains up, as it continues to create higher lows inside of rising channel (1. This pattern has been taking place since the 2013 lows. We applied Fibonacci retracement levels to the 2017 highs and 2018 lows. The rally off … Read more

The Health Crisis No One is Talking About

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Because the news cycle never stops, it can be easy for even the most intelligent and dedicated individuals to get swept up in the “story of the day,” and miss out on important developments in the meantime. Worrying economic developments, international affairs, and the direction of domestic politics should concern every citizen. However, there’s a … Read more

“A Curious Divergence”: Despite The IPO Bubble, The “Tech Epicenter” Housing Market Is Crumbling

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Grant’s Almost Daily, submitted by Grant’s Interest Rate Observer On Friday, online luxury consignment retailer The RealReal, Inc. (REAL on the Nasdaq) made its public debut in style, jumping 45% from its IPO price of $20 a share. Valued at $1 billion in a Series H funding round in March, San Francisco-based RealReal, which was founded … Read more

Is 2019 The New 1987?

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Via DataTrekResearch.com, 2019 is looking more like 1987 every day. No, we’re not calling for an October crash… But if the S&P rallies another +12%, history does say to reduce US equity exposure. Up 30%-ish years aren’t uncommon. Up +40% years most certainly are. Looking further out, recall that 1988 and 1989 saw good S&P returns … Read more

Signs Of The End: Zillow Has Become Huge Loss-Making House-Flipper

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via forbes: Every night for five months before the launch of Zillow’s website in February 2006, employees gathered their Dell desktops on Ping-Pong tables, connected them to harness their combined processing power, and strung together extension cords to get them all running. To avoid overloading the circuits, they unplugged the office refrigerator and banned Christmas lights. Then, … Read more