Cut the Price and They Will Come: New House Prices Drop to December 2014 Level

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter So Sales Finally Tick Up. Home builders, the ultimate pros in the housing market, have figured out something after the malaise in the second half last year: Cut prices and buyers will come. The median selling price of new houses dropped 9.7% in March from March last year to $302,700, the Commerce … Read more

Common Drugs Increase Risk of Dementia

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Common Drugs Increase Risk of Dementia Disease can occur up to 20 years after exposure https://www.aarp.org/health/drugs-supple…-risk.html ( i believe it because all prescription drugs have side effects) A common class of drugs known as anticholinergics, used to treat a number of illnesses such as depression and Parkinson’s disease, may also increase a patient’s risk of dementia … Read more

John Williams of ShadowStats made a somber pronouncement

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via lewrockwell: I’ve excerpted some quotes from economist John Williams’ most recent economic commentary No. 983-B (ShadowStats.com) which is of interest to every American.  It predicts financial authorities will make a formal admission that the economy is in a state of collapse and in recession on or around September 2019.  Williams made this prediction in 2004!  … Read more

Absolutely incredibly bullish?

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probably not good pic.twitter.com/DQBRe2A4CM — Alastair (@StockBoardAsset) April 23, 2019 What great shape the US economy is in. Condo sales plunged 5.3% in March and by 11.5% on a YoY basis to 540,000 units at an annual rate. This is the lowest sales tally since July 2012! Consider that this level is comparable to what … Read more

US Federal Grants Going to Pot (Research)

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by DataBaker This “dashboard” was created through a combination of R code (to clean the data) and Tableau (to create all of the visualizations). The data are freely available at http://www.usaspending.gov. For this analysis, I utilized the Keyword Search, searched for “cannabis”, and downloaded the results. USAspending is the US government’s official repository of ALL federal spending … Read more

Survey: Lack of Financial Literacy Growing Up Means Lower Incomes, Less Savings

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https://www.thepennyhoarder.com/smart-money/financial-literacy/ We aren’t talking about money growing up and it’s a systemic problem. When I was in college and financially independent, I racked up literally all of my student loans the first two years because I thought I was supposed to use all of the loan money they gave me. The last two years I … Read more

Twitter Q1 2019 Earnings Highlights

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by hyousef333   Operating income of $94 million and operating margin of 12%. Average monetizable DAU (mDAU) was 134 million in Q1, up 11% year-over-year. Total revenue was $787 million in Q1, an increase of 18%, or 20% on a constant currency basis. Total US revenue was $432 million, an increase of 25%. Total international … Read more

Are we on the road to a US $100 oil price?

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by Shaun Richards As Easter ends – and one which was simply glorious in London – those of us reacquainting ourselves with financial markets will see one particular change. That is the price of crude oil as the Financial Times explains. Crude rose to a five-month high on Tuesday, as Washington’s decision to end sanctions … Read more

(Government) Spending is Theft

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by Ron Paul Imagine being robbed every time you receive a paycheck, but once a year getting some of the stolen money back because the thieves took more than they intended. Would you be happy about it? If you are like most Americans the answer is yes, since most people are grateful when they get a … Read more