Numbers are in: Uber, Lyft v. Rental Cars & Taxis in the US in Q2

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The ugly market-share battle in reimbursed ground transportation. Rideshare companies are shaking up the rental-car industry and the taxi industry in the US. In at least one segment that we can track – company-reimbursed ground transportation – the rental-car and taxi industries, both, are getting crushed. Facing these rideshare startups are, … Read more

Here’s What We’ve Lost in the Past Decade

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by Charles Hugh-Smith The confidence and hubris of those directing the rest of us to race off the cliff while they watch from a safe distance is off the charts. The past decade of “recovery” and “growth” has actually been a decade of catastrophic losses for our society and nation. Here’s a short list of what … Read more

Housing Crash 2.0? Experts Warn That ‘The U.S. Housing Market Looks Headed For Its Worst Slowdown In Years’

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by Michael Snyder  Is the United States heading for another absolutely devastating housing crash?  It has been 10 years since the last one, and so many of the exact same signs that immediately preceded the last one are starting to appear once again.  Back in 2007, home prices were absolutely soaring and it seemed like the … Read more

Big Housing Market Bubble “Pop” Imminent – Already Happening in Key Markets

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From Birch Gold Group The U.S. has enough bumps on the road with mortgages following a similar script to 2008, the unwinding of QE, and the slowly rising “Goldilocks Economy” that’s about to have a hangover. Well strap in, because housing sales in key markets are all signaling the imminent deflation of a massive housing bubble. And the dangerous thing about … Read more

GET READY FOR TAKE OFF! Flying cars are coming! Companies notify Congress

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https://www.youtube.com/watch?v=JVwtDA6mlj4 Brooke Conrad for the Washington Examiner reports, Passengers could have the option of traveling in flying cars within the next few years, two companies told lawmakers Tuesday in a hearing titled, “Urban Air Mobility: Are Flying Cars Ready for Take-Off?” Read More/Source/Credit/FairUse: https://www.washingtonexaminer.com/ne…

WHY THE GHOST OF BREXIT PAST MUST THREATEN THE BRUSSELS FUTURE

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by John Ward Nearly two years have been wasted playing the Brexit Game according to surreal Brussels rules. In the Autumn of 2016, The Slog predicted precisely where that would lead. Our escape from the European Union can only be assured by an overt threat to destroy it. ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ The following Slogpost appeared in these columns on … Read more

Maybe we wouldn’t need a $15 an hour minimum wage if the Fed wasn’t forever trying to destroy our purchasing power.

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The Fed, in spite of the alleged “stable prices” mandate, is trying for a CPI of 2%-ish (meaning the real cost of living is much higher). Maybe we wouldn’t need a $15 an hour minimum wage if the Fed wasn’t forever trying to destroy our purchasing power. https://fred.stlouisfed.org/series/CUUR0000SA0R h/t @RudyHavenstein EVERYTHING IS FINE. THERE WILL BE … Read more