via M Hanson: It’s the “surprise” that everyone should have seen coming from 10 years away. The mortgage refi market is deader than dead. Of course it is. Every homeowner with a pulse and an ounce of common sense refinanced at their leisure during the Fed’s ZIRP-a-thon of the past 10 years. How dead is … Read more
https://www.youtube.com/watch?v=8EleCzkHC0c California needs to comply or secede. AC
https://www.youtube.com/watch?v=po6GD99ATFQ The Media Just Got Caught Lying About Trump HERE IS THE PROOF! The Media Just Got Caught Lying About Trump Calling Illegal Immigrants Animals HERE IS THE PROOF! Media Companies And Fake News Companies Left This Important Piece Of Information Out You Judge For Yourselves whatever way you take this clip you can’t ignore … Read more
by Michael Snyder If the U.S. economy is performing well, then why can’t 51 million households in the United States “afford basics like rent and food”. A stunning new report that was just put out by the United Way ALICE Project shows that the gap between the wealthy and the poor in this country is perhaps the … Read more
In the second Gilded Age, the mansions get bigger, and the homeless get closer THE CAPITAL OF AMERICA’S SECOND GILDED AGE IS LOS ANGELES, WHERE HOMES WORTH TENS OF MILLIONS OF DOLLARS LOOK OUT OVER A CITY IN WHICH THE MIDDLE CLASS STRUGGLES TO AFFORD SHELTER AND THE NUMBER OF HOMELESS INCREASES DAILY. LOS ANGELES … Read more
I foresee a lot of really good commercials for the GOP coming out of this. NOW: Then: Related: Sr. Rolling Stone writer calls Trump RACIST for MS-13 ‘animals’ remark, trips SPECTACULARLY on old tweet. h/t GR
via City A.M.: Oh, what a tangled web we weave, when we all practice to keep fundamentally insolvent entities afloat no matter what. How many worldwide systems exist to enable broken and unsustainable economies and companies? The Fed’s ZIRP has kept over 10% of publicly traded American companies alive, companies that should, by all rights, be … Read more
Danielle DiMartino Booth say’s stagflation has hit the Eurozone. Danielle also spoke to a group of Brussels Parliamentarians as she discussed quantitative easing efforts.
via Motley Fool: Homebuilding stocks have been struggling with interest rate increases, particularly once residential mortgage rates rose above 4.30% (MBA 30-year rate). Of course, lumber prices almost doubling over the past year isn’t helping.
via dailyreckoning: Today we reveal the precise date of the next market drop. When is it… why that specific date… and what will cause it? Answers anon. First the backstory… Market strategist Kevin Muir began noticing strange doings in 2011… Some mornings stocks would rise for no apparent reason… as from the stroke of an enchanter’s … Read more
https://www.youtube.com/watch?v=b17L9PyI5-s
https://twitter.com/OccupyWisdom/status/996156953964445696 https://twitter.com/OccupyWisdom/status/997008819678007297 Bitcoin is a RISK ASSET that is correlated, and a leading indicator for #equities. It is not #money and doesn’t behave like money. Check out the tight correlation to the #SP500 leading the rallies and declines. Especially after trading on #CME https://twitter.com/OccupyWisdom/status/996979700764463104 h/t OccupyWisdom
https://twitter.com/OccupyWisdom/status/996905980305793024 https://twitter.com/OccupyWisdom/status/997110058151497734 Emerging Market Panic: "Emerging Markets Vulnerable?" h/t .@NautilusCap $EEM pic.twitter.com/Eljx5lAUZv — Alastair (@StockBoardAsset) May 16, 2018 https://twitter.com/OccupyWisdom/status/996913344035672065
Even Architecture Has Been Overrun by Politically Correct Babbling. An article published by the April 2017 American Institute of Architects Journal asks: Should architects step into the political ring? The writer, Chris Bentley, recalls the “March for Science,” which was supposed to be non-partisan but wound up being a protest against President Trump. He asks: “Can a … Read more
The proposal was Sen. Rand Paul’s “Penny Plan” to balance the federal budget by 2023 via one percent annual spending cuts, with only Social Security exempted. Twenty GOP senators voted for it, 29 GOPers voted against, as did all of the Senate’s Democrats. “The bottom line is whether the debt is threatening our national security, … Read more
by stockboardasset Even though the stock market trades at near record highs, joblessness suppressed at decade lows, and corporate buybacks/profits booming via Trump’s tax reform, poverty is exploding all over America. One of the primary objectives of the Federal Reserve’s monetary policy of this past decade was to generate the “wealth effect”: by artificially driving valuations of stocks … Read more
via GainsPainCapital It’s a good thing that the BLS ignores things like the recent rise in real estate and gas prices when it generates its official inflation numbers… Why? Because if the BLS didn’t do this we might actually see that inflation is exploding higher. This is not conspiracy theory, it is fact. And if … Read more
They hang themselves and they don’t even know it. I don’t understand how the media can’t see that this is backfiring on them… They lose all credibility and red pill normies when they see the obvious bias and lies. h/t CaptainObvious
BY JARED DILLIAN Individual investors usually don’t think about liquidity. You send a market order for 200 shares of something, it gets filled right away, no problem. Institutional investors have to think about liquidity a lot. Say you have 200,000 shares of a stock to sell that only trades, on average, a million shares a day. … Read more
By Ben Swann https://youtu.be/s8ANOyEhYZA Seventeen years of wasted taxpayer money and government mismanagement: millions of U.S. dollars spent on projects to rebuild Afghanistan that have not helped the Afghan people. In some cases, these projects actually put Afghans in danger. This is a Reality Check you won’t get anywhere else. A new report shows that … Read more