Strzok Testifies/Fights, Trump NATO/EU, Economic Warning

by

Trump hating FBI agent Peter Strzok testified in front of Congress this week. Strzok tried to explain many uncovered Trump hating text messages to his girlfriend Lisa Page, but GOP lawmakers were not buying his excuses.  Republicans skewered Strzok while Democrats came to Strzok’s defense.  Strzok helped clear Hillary Clinton in the FBI email investigation … Read more

Australia Real Estate Bubble Will COLLAPSE As Housing Price Rise and Unsustainable Debt Levels!

by

What do you think is the biggest risk right now in Australia? Australia Real Estate Bubble Will Collapse As Housing Price Rise and Unsustainable Debt Levels!   Australia has been rather quiet since the Global Financial Crisis. Their activities have been overshadowed by countries such as the U.S. and China even within the nation itself. … Read more

5 Of The Most Controversial Moments From Peter Strzok’s Chaotic Testimony To Congress

by

by Michael Snyder On Thursday, Peter Strzok finally received his well-deserved congressional grilling, and it was quite a chaotic affair. Over nearly ten hours, there were shouting matches between Strzok and congressional Republicans, there were shouting matches between Republicans and Democrats, and there were quite a few moments that none of us will ever forget. … Read more

The next time you read that China needs a stimulus, remember… China is slowing down WITH a monster stimulus

by

China is slowing down WITH a monster stimulus Cartoon of the Day: Misplaced Fear #China $FXI #EmergingMarkets #GrowthSlowing $EEM https://app.hedgeye.com/insights/68864-cartoon-of-the-day-misplaced-fear … Emerging Market Currencies Are Not Suffering Due To Foreign Evil Forces… Evil Monetary Imbalances Built Year After Year, Rather. Politicians repeated over and over that “there is no risk”. There was.  

Inflation accelerating…. large cap panic bids — small caps negatively diverging

by

large cap panic bids — small caps negatively diverging Small Caps & WTI Synchronized Decline! Small Caps Warning Inflation Accelerating? Yup. ▪CPI (June): 2.9% = fastest pace since January 2012 ▪PPI (June): 3.4% = fastest pace since November 2011 Check out the #CPI for laundry equipment courtesy of #tariffs earlier this year @PantheonMacro @SoberLook

26.4 BPS and Falling: The Countdown to Yield Curve Inversion and Recession

by

via confoundedinterest: It is difficult to predict how the trade scuffles between the US, China and Europe will play out. But what we do know is that the US Treasury 10Y-2Y slope continues flattening, now down to 26.4 basis points. Meanwhile, net shorts in 10-year Treasury futures positions hit record levels. Net short positions on the 10-year … Read more

Ivory Tower Alert: Former Fed Chair Yellen “Puzzled” Why Millennials Don’t Own Homes

by

via hedgeye: Last week we posted a snippet from Rob Chrisman’s housing finance blog about former Fed Chair Janet’s Yellen being “puzzled” due to the lack of home ownership by Millennials. The ensuing reaction was an order of magnitude above our normal level of discourse, leading us to think that there is a raw nerve among Americans … Read more

Tech and Sun Belt Dominate

by

By Harry Dent Many studies focus on whole states for GDP and job growth, but I prefer looking at the cities people actually live in, which can be quite different from other parts of states. That’s where it really happens. Here’s a ranking of the top 15 cities for job growth over the last year. … Read more

Uber and Uber Eats to Accept Venmo for Payments

by

Two popular mobile services are moving closer together. Ride hailing service Uber said on Thursday that it was adding an option in its apps for customers to pay directly with PayPal’s Venmo service. The feature rolling out in coming weeks will allow users to pay for food in the Uber Eats app and for rides … Read more