We provide unfiltered news and market signals for people who have no time to search.
via Mike Mish Shedlock Existing home sales declined for the third month, fourth year-over-year. May sales were revised lower. The National association or Realtors (NAR) reported existing home sales for June at 5.38 million homes seasonally-adjusted annualized (SAAR). The NAR revised may sales lower to 5.41 million from 5.43 million. The Econoday consensus was that home sales would … Read more
by John Rubino For maybe the best example of how financial trends are diverging at the opposite ends of the wealth spectrum, contrast the cash flowing into the accounts of the already-rich with the debt accumulating in the accounts of the “bottom half”: Mortgage, Groupon and card debt: how the bottom half bolsters U.S. economy … Read more
https://www.youtube.com/watch?v=CCtRCNky9fA Cristina Laila for the Gateway Pundit reports, On Sunday, Dr. Shiva, the real Indian running against fake Indian Elizabeth Warren, was assaulted by a violent liberal outside of a Town Hall Warren held in Great Barrington, Massachusetts. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2018…
via DANIELLE PARK While stock bulls talk up a “strengthening” economy, consumer spending growth (which drives 70% of GDP in America) has fallen to a 4 ¼-year low even before rising trade tariffs are noted in backward-looking data. Wall Street is too optimistic on the economy, veteran forecaster warns from CNBC. The below chart from ECRI … Read more
by John Coumarianos All assets are worth the present value of their future cash flows. Even if you haven’t been to business school and heard this financial theory, you probably have some intuitive sense that if you buy a piece of real estate as an investment, you know that the income that property produces relative … Read more
From Frank Holmes at Frank Talk: Gold continued its trek lower last week, the price steadying around $1,220 an ounce on Tuesday following Federal Reserve Chair Jerome Powell’s congressional testimony. Powell commented that he thought the U.S. was on course for continued steady growth, supporting his expectation of a rate hike every three months. These comments … Read more
For More Information See: https://twitter.com/realDonaldTrump/s… https://www.zerohedge.com/news/2018-0…
Josh Sigurdson talks with author and economic analyst John Sneisen about the most recent Yuan crisis as we seen signs that the Chinese Yuan is heading towards an even bigger devaluation than it saw in 2015. We recently saw a two handle plunge in offshore Yuan. Chinese officials appear to be alright with the pace … Read more
by visualcapitalist Take a look around any major city today, and it’s evident that humans are pretty incredible builders. We can create suspension bridges that span the widest rivers, or sleek skyscrapers that are over 1,000 m (3,300 ft) high. Even further, we can design these complex structures with extreme amounts of precision and consistency. But … Read more
by Ron Paul According to financial writer Simon Black, the federal government is spending approximately 52,000 dollars per second. This, not last year’s tax cuts, is the reason why the national debt has reached a record 21 trillion dollars, which is more than America’s gross domestic product (GDP). Another ominous sign is that this year both … Read more
Ashe Schow writes at the Daily Wire: Tronc, which owns NYDN, sent an email to staff Monday morning announcing it would be “fundamentally restructuring the Daily News,” according to a copy of the memo obtained by the Daily Beast’s Max Tani. “We are reducing today the size of the editorial team by approximately 50 percent and re-focusing much … Read more
BREAKING: Press Secretary Sanders: “Not only is the president looking to take away Brennan’s security clearance, he’s also looking into the clearances of Comey, Clapper, Hayden, Rice, & McCabe–because they’ve politicized and in some cases monetized their public service.”
A major pediatricians’ group is urging families to limit the use of plastic food containers, cut down on processed meat during pregnancy and consume more whole fruits and vegetables rather than processed food. Such measures would lower children’s exposures to chemicals in food and food packaging that are tied to health problems such as obesity, … Read more
https://twitter.com/RealJamesWoods/status/1021402366132858881 DUPED: Fox & Friends invited Arizona Democratic candidate Ann Kirkpatrick to the show to discuss being booed for supporting ICE. But the person who appeared via satellite was NOT Kirkpatrick. It was a woman ranting about how awful ICE is. FAKE FACT CHECK: The New Yorker “fact checker” who incorrectly claimed an ICE agent had … Read more
https://twitter.com/RealJamesWoods/status/1021402366132858881 This is why so many people are joining the #WalkAwayCampaign nothing they do surprises me. AC
from Financial Survival Network There’s a major problem in San Francisco and other cities. Homelessness is rampant and it’s affecting the quality of life – big time. From human excrement to used syringe’s, filth and chaos are reigning. And it’s time to reign it all in, before it’s too late. We talk also about the fall … Read more
Active pattern for rainfall and flash flooding continues on the East Coast early this week. Latest forecast [7 AM Monday] from @NWSWPC has a MODERATE RISK (level 3 of 4) in parts of the Mid Atlantic on each of the next three days. https://twitter.com/AlexJLamers/status/1021361763827290112 Some area will see 5 to 7 inches today! https://amp.usatoday.com/amp/817844002?__twitter_impression=true Rare … Read more
Stargazers will be scouring the skies later this week as a lunar phenomenon will be visible in the night sky. A total lunar eclipse will take place on July 27, when the earth will pass between the sun and the moon. This casts a shadow on the moon, triggering a total eclipse. Given the moon … Read more
by Lance Roberts Back in February, I discussed some of the early indications of what we were seeing following the passage of “tax cut” bill last December. To wit: “The same is true for the myth that tax cuts lead to higher wages. Again, as with economic growth, there is no evidence that cutting taxes increases wage … Read more
