People of a certain age will remember the days when getting a personal loan was a time consuming and pretty stressful affair that involved lengthy processes and a lot of inconvenience. These days, it is fast, simple, and extremely convenient to apply for a personal loan, thanks to the power of the Internet. A rising … Read more
By Robert Carbery With the meteoric rise of online retail in the age of Amazon, consumers have continued to opt more for shopping on the Internet in their pajamas as opposed to running out and getting their shopping done in person. The malls hit their heyday in the 1990s and the U.S. has definitely overbuilt … Read more
by Chris US Consumers Tap Out: Personal Savings Rate Plunges To 10 Year Low While Americans Splurge The latest confirmation that the US consumer is now effectively tapped out came moments ago when the Dept of Commerce reported that in November, Personal Income rose by a lower than expected 0.3% (exp. 0.4%), while US consumers … Read more
by Chris Black To begin with, let me make a little preamble and tell you a story which pretty much sums up the way the Obama administration (and others) skewed the truth about social issues with statistics. Mark Twain used to say: there are lies, damn’ lies and statistics. So, here it comes: do you … Read more
Wellington Capital Group is a wealth management company catering to an international clientele of discerning investors. The company is based in central Tokyo, which has been long established as a global financial hub and is home to the second largest stock exchange in the world. While the financial industry often seems impersonal, Wellington Capital Group … Read more
In your opinion, what will crash FIRST? Stocks or Bonds? The financial markets are supported by a foundation of lies and mistruths. There’s no way around this. Have there been any moments in the market where reality has been allowed to show its true self? Of course not. If it would, trading would be halted … Read more
by Dave Bitcoin –14,35%- 13 277,21 Bitcoin Cash –25,71%- 2 262,82 Ethereum –17,70%- 644,34 Litecoin –16,12%- 254,96 IOTA –24,17%- 3,5796 The sell signal from bitcoin a few days back is looking better and better. Although the 4h forecaster can be a little jumpy, it sure nailed the top on this one – and it … Read more
From Jeff Clark, Editor, Market Minute: There’s a cop car parked next to a stop sign at the bottom of a hill in my neighborhood. Nobody is in the car. It’s just parked there – with its red and blue lights flashing – for several hours every day. The idea is that, even though there’s no … Read more
by Egon von Greyerz In 1988, the UK magazine, The Economist forecast that 2018 would be the year of a new currency which they named the Phoenix. Quite a mind boggling prediction 30 years ago really, especially since 2018 in fact looks like a year when a major currency upheaval could take place. For conspiracy … Read more
The Dow has closed at an all-time high 70 times in 2017. That’s more than any other year in history. The S&P 500 has not had 3% drawdown the entire year… Market is about 28% overvalued? One of the great mysteries of 2017 is why M&A wasn’t stronger, despite a strong stock market. Unlike late … Read more
Credit-Card Payments SURGE Americans increasingly relied on credit cards to make payments in 2016, and made more of those payments remotely, according to new data the Federal Reserve released Thursday. The number of credit-card payments grew 10.2% last year, to 37.3 billion, compared with an annual growth rate of 8.1% over the previous three years. … Read more
by Harry Dent Cycles reoccur throughout history, but they more rhyme than duplicate. Each bubble tends to get more extreme than the last one because there’s more wealth to chase it. Wealth is concentrated in the top 1% to 0.1% and grows exponentially (income does not). The greatest bubble of our lifetimes was the tech bubble … Read more
If you are in need of funds to finance your personal expenses like a vacation or a wedding, you may have considered going for an unsecured loan. Also known as a personal loan, this is a loan where the lender does not require you to place collateral that could be repossessed in the event you … Read more
by Ruby Henley I just read an article that reports bestiality is on the rise. It went as far as saying Germany was opening animal brothels due to the rise in migrants. A man who owned sheep said migrants were breaking into his property at night and having sex with his goats. Frankly, I could … Read more
By Robert Carbery “My high-speed rail proposal will lead to innovations that change the way we travel in America,” Obama boldly proclaimed during his first year of his first term. A recent Investor’s Business Daily article pointed out that the recent Amtrak train derailment near Tacoma, Washington, was on a stretch of track that was … Read more
by Chris Black To no one’s surprise, the Australian Muslim man who used his vehicle to mow down eighteen people in Melbourne Australia had no link to terrorism, according to officials. Instead, he was allegedly suffering from mental issues, other than Islam that is. This is the new politically correct and hugely convenient excuse used … Read more
by TabulaInnate If anybody is familiar with 9/11 conspiracies then you have heard about the missing 2.3 trillion dollars that Donald Rumsfeld announced days before the 9/11 attacks occurred. A theory that has floated around regarding the Pentagon attack was that people and intelligence involved with the knowledge of this missing money were targeted. Fast forward … Read more
Mutual funds is known as one of the safest and best investment instrument to create wealth over a short term, medium term and long term period. Apart from working as a great instrument for wealth creation the mutual fund also offers tax benefit and helps to achieve the future financial goals. The mutual funds investment … Read more
The bitcoin bandwagon is gathering pace, and now there are few people who haven’t heard of the magical internet currency. Its meteoric rise from nothingness to a value of nearly $18,000 in December 2017 has had investors kicking themselves at the fact they didn’t buy it up five years ago when it was nearly worthless. … Read more
By Robert Carbery Before we get into the real estate ramifications portion of the GOP tax bill, let us recall and reiterate the fact that zero Democrats voted for a tax plan that cuts the corporate tax rate to 21% from 35% to make American corporations more competitive and bring more taxable income home, simplifies … Read more
By Robert Carbery The GOP’s tax reform bill passed through the House of Representatives for the second time this week on Wednesday by a vote of 224-201. Once passed by the Senate, the bill will be sent to President’s Trump’s desk. It will be the largest legislative achievement of the almost one-year long presidency that … Read more
By Chris Black Political discourse just reached a new high in the Trump era, courtesy of social media and the interwebz. Obviously, I am referring to Twitter and that strange creature Rosie O’Donnell, a feral never Trumper who was so blatantly stupid she tried to bribe US Senators offering them millions of dollars cash provided … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Shadow margin” is a hot business for brokers. Now they’re licking their wounds. When the bankers of Christo Wiese, the former chairman and largest shareholder of Steinhoff International Holdings – a global retail empire that includes the Mattress Firm and Sleepy’s in the US – went to work on December 6 … Read more
by Charles Hugh-Smith Isn’t it obvious that if we set out to design the most perverse, toxic and doomed system possible, we’d end up with the Keynesian Cargo Cult’s insane permanent growth/Landfill Economy? Few topics are off-limits nowadays: the personal and private are now splashed everywhere for all to see. One topic is still taboo: the … Read more
by Daniel Carter Two hundred and forty-one years ago, this country was wrestled away from the tyrannical forces of the British Empire. The United States founders planted the seeds of enlightenment principals that have lasted all these years later. Enlightenment principals include things such as freedom of thought, freedom of speech, freedom of religion, the right … Read more