Next Mortgage Default Tsunami Isn’t Going to Drown Big Banks but “Shadow Banks”

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter As banks pull back from mortgage lending amid inflated prices and rising rates, “shadow banks” become very aggressive. In the first quarter 2018, banks and non-bank mortgage lenders – the “shadow banks” – originated 1.81 million loans for residential properties (1 to 4 units). In the diversified US mortgage industry, the … Read more

FITCH WARNS LAS VEGAS HOME PRICES “MOST OVERVALUED IN US”

by stockboardasset Las Vegas, one of the epicenters of the real estate crash in 2007 to 2009, has yet to recover from its August 2006 speculative bubble peak, but recently, upside momentum in 2018 prices has Fitch Ratings, a nationally recognized statistical rating organization (NRSRO), very concerned about market stability. While the S&P/Case-Shiller U.S. National Home Price … Read more

Obama Presidential Center to cost taxpayers nearly $200M

Via Fox Public works projects around the Obama Presidential Center in Chicago could cost Illinois taxpayers nearly $200 million, The Washington Examiner reported Saturday. Illinois approved a $224 million legislature budget earlier this month that included $174 million for road work near the presidential center and $50 million for the Garfield Gateway rail project two miles away, … Read more

Greg Hunter: Lots Of People Are Going Down For Treason, Fraud, Obstruction And Other Crimes

Greg Hunter gives the Weekly News Wrap-Up for Friday, June 15th The long awaited Inspector General (IG) report on the FBI and how it handled the Clinton email (exoneration) case is out, and it has destroyed the reputation of fired FBI Director James Comey. It is also just the beginning in destroying the careers of many at the … Read more

The ‘Mother Of All Credit Bubbles’ Is Brewing — And This Time It Isn’t Household Debt

via Steven Pearlstein, Analysis Let’s recall those heady days of 2006 when home prices were rising 10, 15, even 20 per cent a year, allowing millions of homeowners to refinance mortgages and collectively take out more than US$300 billion in cash from the increased value of their properties. Some spent the money on furniture, appliances, cars … Read more

Chinese Tariff List Translated, 545 Items: Us Farmers And Automakers Clobbered

by stockboardasset via Mish I ran China’s 14-page, 545 item tariff list through a translator. You can download the translated doc. The New York Times reports U.S. and China Expand Trade War as Beijing Vows to Match Trump’s Tariffs. The Trump administration said on Friday that it would move ahead with tariffs on $50 billion of Chinese products, … Read more

The US Provides Military Assistance to 73 Percent of the World’s Dictatorships

Our tax dollars are propping up huge dictatorships and undemocratic process. But our leaders say we’re for ‘preserving and expanding democray’. via globalresearch.ca: A. “Foreign Military Training in Fiscal Years 2015 and 2016 Volume I and Volume II (Country Training Activities),” US Department of Defense and US Department of State Joint Report to Congress. This is … Read more

Samantha Bee’s “Full Frontal” struggling to regain advertisers after vile attack on Ivanka Trump

by DCG Imagine my distress. From Fox News: A new report shows Samantha Bee’s late night show “Full Frontal” hasn’t been able to regain its advertisers after the host called Ivanka Trump a “feckless c—” on her show in May. The liberal comedian came under fire when she used an extreme vulgarity to slam Ivanka Trump in her … Read more

Next Great Financial Crisis Will Begin in Emerging Markets. Watch the ETF Called “EMB” It’s Rapidly Approaching a Dangerously Low Level.

https://www.google.com/search?q=nasdaq%3Aemb&ie=utf-8&oe=utf-8 https://heisenbergreport.com/2018/06/15/theres-a-big-problem-in-emerging-market-liquidity-and-here-it-is/ Near-term liquidity in EM is a big problem. Several factors are having an adverse impact, but some of that is improving. EM EXD technicals are better now, long-term fundamentals are good, spreads have risen far more in EM than in HY and institutional mandates have not ceased, but risks are high. Dealer liquidity … Read more

Two years ago I wanted to test a theory where I picked 25 small cap bio tech stocks listed on the NASDAQ, this is the results

I did no analysis on these stocks at all other than making sure they were listed on the NASDAQ and in the healthcare industry. They were also the 25 lowest market cap healthcare stocks listed. I used finviz to find them. I sorted by NASDAQ then selected healthcare industry. After that I simply sort by … Read more

Household Networth As % Of Disposable Income Vs. Personal Savings

As each progressively larger bubble (post 1995) inflates the imaginary net worth of households, real savings plummet. These metrics diverge the most right before the bubble bursting & resulting #recession ensues https://twitter.com/OccupyWisdom/status/1007699655948492801 do not look at this pic.twitter.com/pPo008WDOt — Alastair (@StockBoardAsset) June 15, 2018 “Current US yield curve points toward >50% probability of a significant … Read more

Europe Finally Rising Up Against Their Globalist Overlords? Merkel Govt Could Collapse in 48 Hours, Bavarian Party Allying with Central Europe and Its Strong Borders, Anti-Immigration Policies.

The era of Angela Merkel may be coming to an end as longstanding disagreements on migration policies between her and her Bavarian allies threaten to come to a head and potentially unseat the German leader, who has been at the country’s helm since 2005. The coalition of the Christian Democratic Union (CDU) led by Chancellor Merkel and … Read more

‘DISEASE X’ FEARS Terrifying new strain of bird flu that kills over a THIRD of those who contract it… has killed over 600 people in China

via thescottishsun.co.uk:   The newly formed virus, named H7N9, has killed over 600 people in China A NEW strain of deadly bird flu which kills 38 per cent of those infected and could spark a global pandemic has been identified in China. Scientists around the world believe the new pathogen, dubbed “Disease X”, could be as lethal … Read more