Housing Prices Hit “Breaking Point” Leading To Collapse In Demand

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Authored by Mike Shedlock via MishTalk, “The affordability crisis may have reached a breaking point in Portland, San Jose, and Seattle,” said Redfin CEO Buyer Fatigue Redfin notes June Home Prices Rose 5.7% Year Over Year; Smallest Increase Since December 2016. The key point is buyer fatigue. “The affordability crisis may have reached a breaking point … Read more

The Buffet Indicator predicts -2.4% p.a. returns over the next 10 years.

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Thoughts? What’s your short-medium term strategy in this long-term context? https://www.gurufocus.com/stock-market-valuations.php As of 2018-07-25 (updates daily): The Stock Market is Significantly Overvalued. Based on historical ratio of total market cap over GDP (currently at 146.7%), it is likely to return -2.4% a year from this level of valuation, including dividends. AC

This is the most concentrated market since the dotcoms; Financial conditions continue to tighten & market is ignoring.

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David Rosenberg: Strip out the 17% ($4 tln of market cap!) of the market that is Facebook, Microsoft, Apple, Amazon, Netflix and Alphabet, and the market has barely budged this year. This is the most concentrated market since the dotcoms; before that the Nifty Fifty. Heed Rule #7. Strip out the 17% ($4 tln of … Read more

IMF Projects Venezuela Inflation Will Hit 1 Million Percent In 2018 With A Cup Of Coffee Now Costing $1.4 Million Bolivars (Germany’s Weimar Republic Redux)

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via confoundedinterest: Perhaps Venezuelan President Nicolas Maduro wanted to go down in history as having the WORST hyperinflation in history. If that was his goal, he is doing quite well! (Reuters) – Venezuela’s inflation rate is likely to top 1,000,000 percent in 2018, an International Monetary Fund official wrote on Monday, putting it on track to … Read more

“We Didn’t Have A Hearing After Obama Met With Putin While The Hacking Was Taking Place” Trey Gowdy Silences Democrats With Hard Facts

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https://youtu.be/Is3se8JpRr8 Today Trey Gowdy pointed out the obvious only now are the democrats upset about a world leader meeting with Putin , it’s almost as if they didn’t care when Obama did it. Now That President Donald Trump has done it they are wanting hearings. this is trey gowdy news and trey gowdy today this … Read more

HANNITY: It’s Official, Obama’s DOJ ABUSED FISA COURT to Spy on Trump Campaign

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SOURCE: https://www.hannity.com/media-room/hannity-its-official-obamas-doj-abused-fisa-court-to-spy-on-trump-campaign/ Here is the kicker… Obama’s DOJ is STILL the DOJ! We need to clean house. Rod Rosenstein needs to be relieved of his position. Put on leave or demoted to a meaningless position while investigations are conducted that will involve him. He was a signatory on the bogus FISA warrant applications and is now … Read more

Results Are In: How Americans Faced the Equifax Hack where Personal Data of 45% of US Adults Were Stolen

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Now, 10 months later, do they even know about it? Don’t laugh…. Consumer credit bureau Equifax disclosed very belatedly last September that it had been hacked, and that the crown jewels of personal data – including social security numbers – of 145.5 million Americans had been stolen. This is about 45% of the … Read more

Technically Speaking: 7-Deadly Investing Sins

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by Lance Roberts As I noted in this past weekend’s newsletter, I am on a much-needed family vacation this week. However, I would be remiss if I did not relay some of my thoughts in reference to the Monday’s market action as it relates to our current portfolio positioning. As I stated on Saturday: “As … Read more

All Is Not Well In Financial Markets

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Authored by Thorstein Polleit via The Mises Institute, It seems to be a hard time for those expressing concern about the build-up of risks in the economic and financial system: the major economies in the world are expanding at a decent clip, credit default concerns are very low, and stock and housing prices keep going … Read more

Visualizing Major Tech Acquisitions (1991-2018)

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by visualcapitalist To stay successful in tech, companies must find a way to walk alongside the cutting edge of innovation. Companies do this partially by devoting a large portion of their resources towards research and development (R&D) – but to hedge their bets, these companies also are in constant negotiations to gobble up new startups that … Read more

Ted Butler: “JPM Buying Back as Many Short Silver Positions as They Can”

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by goldsilver Interview excerpt (full audio interview embedded below): “Every time we’ve had a rally in the last 10 years, ever since J.P. Morgan took over the investment bank Bear Stearns, J.P. Morgan has added aggressively to its paper short division on the COMEX as speculators, technical fund,s and what-have-you come in to chase rallies higher. … Read more

Precariousness Of Assange’s Asylum Intensifies Solidarity Efforts

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by Disobedient Media In the last few weeks, news reports have surfaced indicating the imminent danger that Ecuador may illegally rescind Julian Assange’s asylum. WikiLeaks supporters across the globe have responded by raising their voices even louder on behalf of the politically imprisoned journalist, with a diverse range of online and physical demonstrations of solidarity unfolding over the last week. At … Read more