The Most Splendid Housing Bubbles in America Shrink

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Seattle prices drop 5.1% in five months, most since Housing Bust 1; San Francisco Bay Area, Los Angeles, San Diego, Denver, Portland all decline. This is the most obvious one: Seattle. House prices in the Seattle metro dropped 0.7% in November from prior month, according to the Case-Shiller Home Price Index … Read more

NARRATOR VOICE: THEY ALREADY HAVE.

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Media Shouldn’t Make The Same Mistakes in Empire Actor Jussie Smollett Attack Stories As The Mistakes They Made With The Covington Kids. Robby Soave at Reason posted a huge scoop on this developing story earlier today: “According to the victim, the offenders’ faces were concealed,” a police spokesperson told Reason. “We have no record indicating that [they shouted ‘MAGA’], we only have … Read more

If the Army Stands With Maduro, What Is Plan B?

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by Pat Buchanan “Pay the soldiers. The rest do not matter.” This was the deathbed counsel given to his sons by Roman Emperor Septimius Severus in A.D. 211. Nicolas Maduro must today appreciate the emperor’s insight. For the political survival of this former bus driver and union boss hangs now upon whether Venezuela’s armed forces choose … Read more

Yet Another Dumbf*k Appointment By Trump

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by Stucky Elliot Abrams will handle relations with Venezuela! [Side Note:  If that’s not a near perfect caricature of (((you know what))) then I don’t know what is.] .@SecPompeo announced today that Elliott Abrams will lead @StateDeptefforts on #Venezuela to help the Venezuelan people fully restore democracy and prosperity to their country. #EstamosUnidosVEpic.twitter.com/iUFHnRhi8x — Department of State (@StateDept) Marco Rubio sure is … Read more

A bond issue does little for the problem of plunging investment in Greece

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by Shaun Richards Today brings a development which will no doubt be trumpeted across the media and it is explained by this from Reuters yesterday, Greece will return to bond markets with a five-year issue “in the near future, subject to market conditions”, authorities said on Monday. The sovereign has mandated BofA Merrill Lynch, Goldman … Read more

Ron Paul: Hands Off! Trump’s Venezuela Fiasco

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by Ron Paul of Ron Paul Institute Last week President Trump announced that the United States would no longer recognize Nicholas Maduro as president of Venezuela and would recognize the head of its national assembly, Jose Guaido, as president instead. US thus openly backs regime change. But what has long been a dream of the neocons may well … Read more

The Trade War Created A ‘Ticking Time Bomb’ For Texas Companies

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by Mac Slavo of SHTFplan Many companies across the United States are reeling from the tariffs imposed by China and president Donald Trump during the ongoing trade war. Even though there’s been a so-called “cease-fire” by both nations and tariffs aren’t going up, many companies in Texas are “ticking time bombs.” Layoffs at auto manufacturing plants such as Tesla, Ford, and GM are … Read more

Oil Prices Rise As Saudis Pledge Deeper Cuts

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By Tsvetana Paraskova Saudi Arabia is determined to restore the balance on the oil market and is cutting deeper than required in the OPEC+ deal, with February crude production likely close to 10.1 million bpd, compared to the 10.3-million-bpd ceiling in the production cut agreement, Saudi Energy Minister Khalid al-Falih told Bloomberg Television in an interview. … Read more

“Bill Clinton Used The Military To Build Physical Barriers On Border” Republican Exposes Democrats

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https://www.youtube.com/watch?v=0IDAc8_nMQc “Bill Clinton Used The Military To Build Physical Barriers On Border” Republican Exposes Democrats today during congress hearing and government hearing on border security hearing republican tells democrats that trump is doing exactly what other presidents have done this is latest news and breaking news and news today and today news this is politics … Read more

WANT TO HELP POOR PEOPLE AND SOAK THE RICH?

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Change the tax treatment of fringe benefits. “One indefensible policy involves superior tax treatment for employee fringe benefits, such as health insurance and retirement benefits, which operates to harm lower income people. It is well known that our tax system treats people who have to purchase their own health insurance differently than it treats people who … Read more

WHO COULD HAVE SEEN THIS COMING?

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Overload: A City That Opened Its Doors To Asylum Seekers Has Come To Regret It.   Maine’s largest city, population about 67,000, is now struggling with an influx of asylum seekers, to the point where a local official is alerting shelters in other parts of the country to discourage people from heading here. “The word … Read more

THIS IS CNN

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● Shot: “Former Tallahassee Mayor Andrew Gillum suffered a political and legal setback on Friday after the Florida Commission on Ethics found probable cause he accepted gifts during out-of-town excursions with lobbyists and vendors and didn’t report them. The Ethics Commission voted to find probable cause on five separate allegations involving trips Gillum took to New York … Read more

Forex Traders’ #1 2019 Worry: Lack of Liquidity

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via Reuters: Liquidity, or the ability to buy and sell currencies whenever needed with minimal market impact, is seen by currency traders as the biggest challenge for 2019, according to an annual client survey by JP Morgan published on Tuesday. The views of the biggest 200 institutional trader clients, mostly focused on the $5.1 trillion a … Read more

US Falls Out of Top 20 Least-Corrupt Countries List for First Time Since 2011

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via Reuters: The United States slid four points lower on a global corruption index in 2018, dropping out of the top 20 countries for the first time since 2011, watchdog Transparency International said in a report that cited growing threats to democracy worldwide. The group said its latest report on business leaders’ perceptions of corruption put … Read more