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by Magic2424 I am currently 25, my parents raised me to save save save. Things like not having cable, only ever driving cars that cost >$1000, never eating out, camping vacations (rare). Because of this, my parents saved enough money to put me through college and give me an amazing financial start to my life. … Read more
Our model for the S&P has caught all the major cycles since 2000. What it suggests now is that following the recent bounce towards in the S&P towards 2800, the highs are in and while the initial sell-off shouldn't be too rapid, the next big target is 2200. pic.twitter.com/wqnJdTJRyM — Julian Brigden (@JulianMI2) July 2, … Read more
Why U.S. Household Wealth Is In A Bubble – Part 1 Since the financial crisis in early-2009, household wealth has surged by nearly $46 trillion or 83 percent to a record $100.8 trillion. As the chart below shows, the powerful increase in household wealth (blue line) has far exceeded the growth of the underlying economy, as measured … Read more
The Obama administration granted citizenship to 2,500 Iranians, including family members of government officials, while negotiating the Iran nuclear deal, a senior cleric and member of parliament has claimed. Hojjat al-Islam Mojtaba Zolnour, who is chairman of Iran’s parliamentary nuclear committee and a member of its national security and foreign affairs committee, made the allegations … Read more
What do you think is the best indicator for housing prices? The #1 statistic to determine if real estate is undervalued or overvalued is debatable, but it most certainly should be the average price of a home vs the average salary. If homes are unaffordable to the average person, they will take on too much … Read more
Democrats are eating their own. https://twitter.com/RealSaavedra/status/1013506609153265664 GOD’S ARMY @Brenda06135 14h14 hours ago More Replying to @RealSaavedra @RepMaxineWaters you have been in the US congress for more than 26 years. What infrastructure bills have you gotten passed during that period? What have you done about housing shortages or poor housing conditions during that period? In fact, what have you … Read more
by Dave Armstrong suggests that it is a natural feature of markets that if a decline is severe enough, the market will take a long time to recover. The more severe and rapid the decline, the longer it will take to bounce back. I do think crypto is a “faster” market than normal (probably resulting … Read more
Wolf here: Amazon is a mega-force in online retail. The “Amazon effect” is everywhere. But even for Amazon (AMZN), it’s hard to make money on its online retail operations. Amazon, through its division AWS, also owns a big part of the internet “cloud.” And that’s where the money is. The article below is about Amazon’s potential … Read more
https://www.youtube.com/watch?v=YIZqsq5fi8I Scott Kelnhofer for the Western Journal reports, Money can’t buy love and it can’t buy happiness. And in some areas of the San Francisco, it can’t buy most people a home, either. Read More/Source/Credit/FairUse: https://www.westernjournal.com/low-in…
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Recent home buyers could be facing negative equity”: CoreLogic. In Sydney, Australia’s largest property market and Petri dish for one of the world’s biggest housing bubbles, home prices fell 4.6% in June compared to a year ago, with house prices down 6.2%, and prices of condos (“units” as they’re called) down … Read more
by Charles Hugh-Smith Printing / borrowing money to generate the unsustainable illusion of “growth” sets up the collapse of the entire Keynesian edifice. Of the many delusions of modern economics, perhaps the greatest is that the dominant Keynesian model reflects permanent dynamics of advanced economies. Economics, along with other social sciences, makes an implicit claim that … Read more
https://www.youtube.com/watch?v=M_rdj9zj8zY #QAnon. Here. Follow. It’s our Bletchley Park, thecentral site for British (and subsequently, Allied) codebreakers during World War II. It housed the Government Code and Cypher School (GC&CS), which regularly penetrated the secret communications of the Axis Powers – most importantly the German Enigma and Lorenz ciphers. According to the official historian of British … Read more
President Trump and House Speaker Paul Ryan will be in Wisconsin this Thursday for the groundbreaking of the $10 billion Foxconn plant. The Taiwanese electronics company has promised thousands of jobs in Racine County and in return has been offered $4.5 billion in tax incentives. The plant will also require 5.8 million gallons of water … Read more
https://www.youtube.com/watch?v=7zJSL5pAs4k One of just three jaguars known to be living in the U.S. was recently killed by poachers. Experts identified the jaguar’s pelt in a recent photo and say it is Yo’oko, a male jaguar (Panthera onca) that was known to roam the Huachuca Mountains in southern Arizona, the Arizona Daily Star reported. http://marygreeley.com/?p=71958
via BOING BOING: Kenichiro Okamoto, a Japanese blogger and cybercrime consultant, was murdered in a restroom following a lecture he gave in Fukuoka on how to deal with Internet trolls. From The Washington Post: About 15 minutes after he concluded his talk, authorities say a man that had trolled and harassed Okamoto online attacked him in a … Read more
“An oppressive religious state, showing very little tolerance inside its borders for the unrest and dissent that has found fertile ground elsewhere in the Arab world. http://www.cbc.ca/passionateeye/episodes/saudi-arabia-uncovered With unprecedented access to an intrepid network of young activists, Saudi Arabia Uncovered reveals the simmering dissent inside the secretive regime. It provides a rare look inside the … Read more
by howmuch Imports are the lifeblood of a developed economy, they let consumers enjoy a wide range of products that they may otherwise be unable to find. Think about all the conveniences of modern life that usually come from other countries: avocados, French wine, clothing, iPhones—every room in your house probably has multiple imported items. … Read more
by David Panizzutti This article is not so much about economics as it is about life. The two are more entwined than the average person wants to accept. I remember as a young boy a wise older friend told me that “you can not breath without money”, now let me tell you that every cell of … Read more
It’s about time… finally someone does a great job of explaining why President Trump’s plan is 100 times better and safer than Obama’s plan. Hopefully, whistleblower Jason Piccalo will go on TV and start screaming this to the public. I hope he gets on Hannity or Tucker Carlson to show what has happened to many … Read more
Hardliners in Chancellor Angela Merkel’s conservative bloc on Monday gave her a two-week ultimatum to tighten asylum rules or risk pitching Germany into a political crisis that would also rattle Europe. Interior Minister Horst Seehofer’s CSU party at a meeting unanimously backed his call to give Merkel a fortnight to find a European deal on … Read more