What’ll Happen to Home Prices in Silicon Valley & San Francisco after the Mega-IPOs? Last Two Times, We Got a Housing Bust

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Here’s how it works. Meanwhile, the media is busy publishing real-estate industry hype. This is a shorter, less angry version of my podcast last Sunday (as many have found out, I’m freer when I talk than when I write). It’s now a standard theme in San Francisco and Silicon Valley conversations, and it’s … Read more

Probably Nothin’!

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By David Stockman Greece’s 5-Year Trades Below 5-Year UST So unlike 1999, when it was Nasdaq prices that set Edwards off, this time it was the yield on the Greek 5Y government bond that inspired shock in the SocGen strategist, to wit: “I certainly think the decline in the 5y Greek government bond yield to 2.28%, … Read more

Trump May Regret His Fed Takeover Attempt

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By Patrick Watson Some things are too important to leave to politicians. One such thing: the money supply. That’s why the Federal Reserve is an independent agency, at least in theory. Presidents like this arrangement because it lets them disclaim responsibility when the Fed does something unpopular. But that only works if the president doesn’t even try to … Read more

Another Reason to Avoid Communist Central

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by Jim Quinn OK, for sure they have not been funny for a long time.  Just as with Saturday Night Live, the comedy part of Communist Central pretty much left the room when they found out that they had a platform to disseminate their fowl Communist agenda.  But it’s just a stupid cable tv garbage … Read more

Ocasio-Cortez Appears On ‘The Price Is Right,’ Guesses Everything Is Free

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Via The Babylon Bee HOLLYWOOD, CA—Alexandria Ocasio-Cortez was pumped to attend a taping of The Price Is Right in Hollywood this week. The special guest introduced herself as a U.S. representative and rising star of the Democratic Party. Things got interesting when the game began and every time it was her turn to estimate the price of … Read more

ABC News: White House has been briefed on the Mueller report – “there is significant concern”

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The White House has been briefed on the Mueller report and “there is significant concern on the president’s team about what will be in this report,” and “what worries them most is what Don McGahn told the special counsel,” The White House has been briefed on the Mueller report and "there is significant concern on … Read more

GOLDMAN SACHS: TRUMP RE-ELECTION LIKELY

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President Donald Trump holds a “narrow” electoral advantage heading into 2020, according to Goldman Sachs, with his chances buoyed by a resilient U.S. economy and a crowded Democratic field in which a clear frontrunner has yet to emerge. In a comprehensive report released late Saturday, the investment bank gave its preliminary thoughts on a general … Read more

Jim Rogers: “The coming financial crisis will be the worst in our lifetime” … James Rickards: Prepare now for the aftermath … Martin Armstrong on “the coming economic reset” …

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BY JOHN RUBINO Jim Rogers: “The coming financial crisis will be the worst in our lifetime” … James Rickards: Prepare now for the aftermath … Martin Armstrong on “the coming economic reset” … RT: Recession looms as subprime borrowers default … Pension expert Tom Siedle: “I don’t know a single pension in this country that … Read more