What Will these Mortgage Rates Do to Housing Bubble 2? 4.73% Now. 5% In A Few Weeks. Then 6%.

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The average interest rate for 30-year fixed-rate mortgages with conforming loan balances – $453,000 or less – and a 20% down-payment jumped to 4.73% for the week ending April 20, from 4.66% in the prior week, according to the Mortgage Bankers Association. This was the highest rate since September 2013. So far … Read more

Carmageddon for Cars: “Cars” Are Scheduled to Die

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The end of an era in the US Auto industry — until $7 gas arrives. “Cars,” as the auto industry defines them, are going to die. Not necessarily the vehicles, though they’re disappearing too, but the category of “cars” because sales have plunged beyond hope, especially for vehicles by the Big … Read more

Its Happening This Weekend – Migrants At U.S.-Mexico Border Prepares For Mass Crossing

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TIJUANA, Mexico (AP) — About 130 Central Americans, mostly women and children, have arrived at the U.S. border with Mexico in a “caravan” of asylum-seeking immigrants that has drawn the fury of President Donald Trump. Two busloads arrived late Tuesday in the Mexican border city of Tijuana at two migrant shelters just steps from one … Read more

FORD: NO LONGER TO SELL MOST CARS IN AMERICA

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Ford today announced it will phase out most cars it sells in North America. According to its latest financial release, the auto giant will “will transition to two vehicles” being the Mustang and an unannounced vehicle, the Focus Active, as the only traditional cars it sells in the region. Ford sees 90 percent of its … Read more

Finland tries UBI, it fails miserably

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http://www.foxnews.com/world/2018/04/25/…s-end.html Quote:“The government has chosen to try a totally different path. Basic income is unconditional. Now, they are pursuing conditionality.”   Quote:“Critics say it would have required a 30 percent tax increase on an already over-taxed population to be viable.”   Quote:“There is a fear that with basic income they would just stay at home … Read more

Uncle Sam is Biggest Brother

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By Michael Snyder (Guest article by Phil Hart) Back in the 1770’s there was a collection of radicals, who were highly educated in the natural law and the errors and successes of past political and economic systems. They were American Colonists with names like John Hancock, Samuel Adams, Alexander Hamilton, James Madison, et. al. They … Read more

The average American spends $50,486 a year according to the US Bureau of Labor. Here is a breakdown of those expenditures by category.

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According to the United States Bureau of Labor Statics, the average annual expenditures during this period were $50,486. Northeast spending was $54,918, Midwest spending was $47,846, Southern spending was $46,823 and Western spending was $55,453. The average annual expenditures break down as follows: Housing – 33.9 percent, or $17,115 Transportation – 17 percent, or $8,583 … Read more

War in 7 Nations to Flood the U.S. with Refugees

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by Thinker It really doesn’t have anything to do with Democrat or Republican, Black or White, Religion, Income, Language, or Heritage, but what it comes down to is integrity, trust, and honor. How many Americans have lost their way to walk down a righteous path? How many only sought to destroy for self gain? How … Read more

Sarah Sanders Answers A Question About Kanye West Supporting Trump “It Might Break The Internet”

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https://www.youtube.com/watch?v=kIo_7_JsGjo Sarah Sanders Answers A Question About Kanye West Supporting Trump “It Might Break The Internet” A Reporter Yells Out “IT MIGHT BREAK THE INTERNET” AT 39.00 Seconds Kanye West Has Been Tweeting About Trump Lately And A Question Was Asked And Answered this is news today and today news in the media and music … Read more

The Real Inflation Rate May Signal That the U.S. Economy is in a Death Spiral

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From Birch Gold Group Just like a car with a bad cooling system, the U.S. economy may be overheating, and could break down soon. Why? Aside from trade wars, geopolitical tension, and debt, inflation might stand center-stage as the final nail in the U.S. economic “coffin”. According to Torsten Slok, the Chief International Economist at Deutsche Bank, inflation “is the mother of … Read more

The Case Against Index Funds

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By Charles Sizemore You have to love John Bogle, the founder of the mutual fund family Vanguard. By eliminating active management and pioneering passive indexing, Bogle has saved his investors untold billions of dollars in fees, all while boosting their returns as well. Even Warren Buffett – arguably the greatest active manager in history – … Read more

Value expert: The No. 1 most important skill for investors

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From Dan Ferris, Editor, Extreme Value: This video is about the most important skill investors must master to make money (and prevent losing it). I’ll tell you what it is, why it’s so important and why right now it’s more important than just about anything else you’ll do in financial markets or other investments…