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by confoundedinterest MarketWatch has the tantalizing headline of “The Average Adjustable-rate Mortgage Is Nearly $700,000.” True, the average loan size for ARMs (adjustable-rate mortgages) is substantially higher than for FRMs (fixed-rate mortgages). But here is a catch. Mortgage refinancing applications are virutally dead. Mortgage purchase applications are relatively sedate but rising following the financial crisis with new … Read more
via economicprism: Currency debasement. Asset price inflation. Booms, bubbles, and busts. Yes, folks, central bankers have succeeded at making full hash of the world at large. This goes for the Federal Reserve too. Tracing back recent financial disasters we find the mortgage meltdown coincided with the Fed’s interest rate raising cycle. The Fed had dropped rates … Read more
Santelli Exchange: Lying prices from CNBC. Johns Hopkins University Professor Steve Hanke and CNBC’s Rick Santelli discuss federal spending, debt and productivity. https://www.cnbc.com/video/2019/02/05/santelli-exchange-lying-prices.html?&qsearchterm=Rick%20Santelli
JUST HOW BAD HAS THIS RAMP BEEIN? well prior to 2610 the ramp was healthy which is why we thought the market could achieve 2616 to 2633 & started positioning. BUT SINCE THEN participation has been the worst in the the last decade for the markets & $SPX SELL EVEYRTHING pic.twitter.com/X4tiBJuxwW — mcm-ct.com (@mcm_ct) February … Read more
Savannah Pointer for the Western Journal reports, Actor, Special Olympian and pro-life advocate Frank Stephens believes that abortion should be unthinkable, thanks to his life lived with Down Syndrome. https://www.youtube.com/watch?v=Y4wQUWXmN3M Read More/Source/Credit/FairUse: https://www.westernjournal.com/man-sy…
by Simon Black By July of last year, just three stocks (Amazon, Netflix and Microsoft) were responsible for 71% of the S&P 500’s returns. Through the third quarter, tech stocks were responsible for 95% of the S&P’s gains. Amazon alone was responsible for about one-third of the index’s move. And we long warned about the follies of blindly … Read more
There are so many indicators to look at but some are more useful than others. I try to bring the indicators to you and constantly track their progress to see the trend. The RSI is an interesting one to keep your eye on. What do you think about it? There are many economic indicators, some … Read more
Microsoft plans to expand Xbox Live to other platforms, including Nintendo Switch and mobile. The company says bringing the network to more consoles will “enable game developers to connect players between iOS, Android, and Switch in addition to Xbox and any game in the Microsoft Store on Windows PCs.” The move was teased in the … Read more
You don’t have to be concerned about the Fed’s balance sheet anymore. Former Fed president, BIll Dudley has literally said “Stop worrying about the Fed’s balance sheet”. I feel better now. Time to buy the dip I guess. Well if you prefer, you can look at the statistics and see that it’s ultra important to … Read more
https://www.youtube.com/watch?v=dNeOAutI2e0 For More Information See: http://america2050.org/ https://www.fsa.usda.gov/Internet/FSA… https://obamawhitehouse.archives.gov/… https://www.technocracy.news/unsustai… http://lisahaven.news/2016/12/agenda-… http://www.hsr.ca.gov/ https://www.politico.com/states/new-y… https://www.usmayors.org/2018/12/06/u… https://cities-today.com/us-conferenc… https://www.technocracy.news/category…
https://www.youtube.com/watch?v=NyP1NksE7PE POTUS kicked tail…Dems just exposed their heads & hearts. I was very pleased with SOTU. AC
by Kimble Charting Tech stocks have come charging back from the late December stock market lows. The 5-week rally on the NASDAQ 100 (NASDAQ: QQQ) has the look of a “V” shaped bottom and has been very lucrative for those that have been a part of this trade higher. However, if we zoom out a bit, there’s reason for … Read more
SAN FRANCISCO (CBS SF) — At least five people were missing and unaccounted for folllowing a gas line explosion that started an inferno in a San Francisco neighborhood Wednesday afternoon. There were also an unknown number of rescues in progress, according to the San Francisco Fire Department. The incident happened at the corner of Geary … Read more
A veteran Los Angeles City Hall official is one of the latest victims of an epidemic of the infectious disease typhus that continues to worsen across LA County. For months, LA County public health officials have said typhus is mainly hitting the homeless population. But Deputy City Attorney Liz Greenwood, a veteran prosecutor, tells NBC4 … Read more
This super tiny Tokyo apartment may just be one of the smallest places we have seen so far, yet at 8 m2 (82 ft2) it still provides a perfect space to allow Emma (originally from Australia) to live a big life in Japan.
Disgusting Piglosi claps down in his face while that racist Anglo hating Cortez seethes and makes eyes like a demon start @ 38:38 h/t DannyD
Elizabeth Warren on Meet the Press (3-11-2018) said she “never used [Native American status] for anything.” “The Texas Bar card was very damaging because it’s part of the drip, drip, drip of Warren’s obfuscation as to what she did with her false claim to be Native American. Warren never volunteers information, she only reacts when others have … Read more
by Dave A fascinating post by Wolf Richter, quoting an NBER report/model that found lowering rates too far, for too long, gives an undue advantage to the market leader. This reduces competition, which in turn reduces productivity, and also ends up concentrating wealth. The rich get richer. No more competition. Capitalism turns into crony-monopoly-capitalism. Big … Read more
Gov. Andrew Cuomo announced Monday that state income tax revenues plummeted by $2.3 billion since he introduced his new budget plan last month— a bombshell that will force him to curb spending. Cuomo attributed the revenue drop in December and January largely to the new federal tax code, as well as volatility in the stock market … Read more
by Amy S. Biological properties of garlic and garlic-derived organosulfur compounds. Medicinal properties of garlic (Allium sativum) have been widely known and used since ancient times till the present. Garlic enhances immune functions and has antibacterial, antifungal and antivirus activities. It is known to prevent platelet aggregation, and to have hypotensive and cholesterol- and triglyceride-lowering … Read more