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by Michael Snyder George Soros avoided a loss of more than 17 million dollars by dumping shares of Facebook, Netflix and Goldman Sachs just before the big crash started happening. In other words, he made out like a bandit by selling at the peak of the market. Is he smarter than all the rest of … Read more
by Michael Snyder Things just continue to get even worse for the U.S. housing industry. New homes sales have been absolutely plummeting, homebuilder stocks have lost over a third of their value, and existing home sales just posted their biggest decline since 2014. For years, we had been witnessing a real estate boom in the … Read more
by WARREN MOSLER Not good: Highlights Yesterday’s housing market index may have unexpectedly plummeted but today’s housing starts and permits report, though soft, at least is in the ballpark of expectations. Starts in October rose 1.5 percent to a 1.228 million annualized rate that compares with Econoday’s consensus for 1.240 million. Permits edged past expectations, at … Read more
UMich confidence drops as the rate hikes take effect. The people are starting to feel the rate hikes, businesses are starting to feel it, the Fed will be blamed. Credit card delinquencies shoot up. Realtors urge the Fed to slow the rate of interest rate increases. Mortgage financing down to an 18 month low. Trump … Read more
Jimmy Dore points out the hypocrisy of Dems meeting in secret to take money from big corporate donors, and using them for “progressive values”. h/t mikeleoncraft
A controversial law to tackle ‘fake news’ has been passed by French parliament – nearly a year after President Macron vowed to clamp down on what he called – ‘destabilisation’ efforts. https://youtu.be/T1hqysu-qpQ h/t salvia_d
via BI: In the era of peak quantitative easing (QE), there weren’t many options out there for investors seeking a little bit of yield. Government bond yields were ultra-low, corporate debt yields, especially for investment grade, weren’t much higher, while commodities and cryptocurrencies and, in most instances, cash, didn’t even offer yields. That meant the … Read more
via David Yong (Bloomberg) — Signs of credit stress globally are increasing. In Asia, prices for the region’s riskiest debt slid to the lowest level in almost seven years, and the cost to protect against default climbed amid a sell-off in global markets. The average price for junk-rated corporate notes fell to 90 cents on the … Read more
Almost 3 in 10 shoppers are going into the holiday season still carrying debt from last year’s festivities. Experts suggest crafting a strategy in two parts: Wrangle your debt and scale back your holiday budget. For some people, opening up a credit card statement is like a visit from the Ghost of Christmas Past. … Read more
Fireworks coming !!! GAMECHANGER … Trump names hand-picked panel to investigate intelligence community Posted by Kane on November 21, 2018 6:10 pm Categories: Breaking Very interesting new piece from Washington Examiner… Trump names hand-picked panel to supervise, investigate intelligence community With Republicans poised to lose control of investigatory panels in the House of Representatives, President … Read more
by sundance [OK, take note – this official Butte County statement now leads me to add a ‘Paradise Fire’ tab to the category listings on the right margin of the page. This evolving story deserves continued and ongoing review.] Today, Butte County health officials are establishing a the legal predicate to stop residents of Paradise, CA … Read more
by jessefelder “To achieve superior investment results, you have to hold non-consensus views regarding value, and they have to be right. That’s not easy… The good news is that the prevalence of first level thinkers increases the returns available to second level thinkers. To consistently achieve superior investment returns, you must be one of them.” -Howard … Read more
BY SRSROCCO Global debt increased at the fastest rate at the beginning of 2018. In just one quarter, total global debt jumped by more than $8 trillion. That is quite surprising as total world debt rose by $22 trillion for the full year in 2017. Thus, the increase in global debt last year averaged $5.5 … Read more
Think back to when you saw that first Star Wars movie from 1977, and how the Death Star – this massive, cold, metal, ruthless, demonic Imperial battle station the size of a moon – was armed, mobilized & brutal enough to outright zap entire planets to bits from open space with its harnessed, martialized, concentrated, … Read more
It is said that innovation distinguishes between a leader and a follower; that those who are able to successfully adapt to change often use adversity to his or her advantage. Often, when benefits outweigh risks, the end result is success. But what about applying that same drive to another industry? As a licensed pharmacist since … Read more
If you haven’t noticed GFL Environmental Inc.’s distinctive green trucks rumbling along your roads in the last few years, just wait. They’re sure to become part of the waste management scene in your area in the not too distant future. In just over a decade, the entrepreneurial company has quietly grown from a one-site operation … Read more
From Birch Gold Group Home builders across the U.S. are struggling to come to grips with an incredibly toxic combination of rising rates and lack of affordability in the housing market. National Association of Home Builders (NAHB) Chairman Randy Noel downplayed the situation, saying customers are “taking a pause” to see how high rates will go and keeping an eye … Read more
by Dr. Eowyn During the 2016 presidential campaign, Donald Trump and his “deplorable” supporters repeatedly called for “locking up” Hillary Clinton for her illegal use of a private email server when she was Obama’s secretary of state. If you’ve wondered why President Trump hadn’t “locked her up,” you should know it is not for his … Read more
By Bill Bonner BALTIMORE, MARYLAND – Today will be an interesting day. After falling the last two days, stocks should bounce. And the futures market says they will. But now, we will see what the speculators are really thinking. Will they want to go away for a four-day holiday with the stocks they’re holding? Or … Read more