Did you know that the Democratic Party defended slavery, started the Civil War, founded the KKK, and fought against every major civil rights act in U.S. history?

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Watch as Carol Swain, professor of political science at Vanderbilt University, shares the inconvenient history of the Democratic Party. Script: When you think about racial equality and civil rights, which political party comes to mind? The Republicans? Or, the Democrats? Most people would probably say the Democrats. But this answer is incorrect. Since its founding … Read more

Renaissance hedge fund sees ‘significant’ risk of correction

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From Bloomberg: Renaissance Technologies, the world’s most profitable hedge fund, said there’s a “significant” risk of a correction in prices and is preparing for possible market turbulence. While accelerating global growth, corporate tax reform and a business-friendly administration in the U.S. have contributed to market gains, it’s not clear these factors justify current valuations, especially … Read more

Why a great economy means bad stock returns

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From Dr. Steve Sjuggerud, Editor, True Wealth: In tonight’s State of the Union address, President Donald Trump will surely brag about today’s low unemployment rate. He has good reason to be excited about the economy… Today’s unemployment rate is 4.1% – the lowest we’ve seen since the dot-com era, when it bottomed at 3.8% in April … Read more

Report: 51 Million American Adults Can’t Fill Prescriptions Due to Costs

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by NEE Poll: 20 Percent of Americans Didn’t Fill Prescriptions Over Last 6 Months to Save Money According to new data from Rasmussen, 20 percent of American adults “continue to pass on medical checkups and prescription drugs to save money”.  This works out to 51 million Americans, and does not include children who may be foregoing … Read more

The US Cities with the Most Magnificent Housing Bubbles

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But some flat spots are showing up! Just after I reported on the minuscule 1.4% year-over-year growth of per-capita “real” disposable income and the lowest saving rate in 12 years — for the lucky ones — there’s another asset-bubble doozie: The S&P CoreLogic Case-Shiller National Home Price Index for November, released this morning, … Read more

Supermarket Panic and N.America Record Freeze Again

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Winter Wheat crop destroyed in USA & Canada early January, riots in French supermarkets over Nutella, record cold about to sweep through the USA and Canada again this season. Snows in Morocco desert not seen in 30 years, record heat in New Zealand, and the to top it off Tropospheric anomalies over Hudson Bay.

Crash 'Risk' Is Soaring: "This Is Where They Lost Their Minds"

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Excerpted from John Hussman’s Weekly Market Comment, Last week, the U.S. equity market climbed to the steepest valuation level in history, based on the valuation measures most highly correlated with actual subsequent S&P 500 10-12 year total returns, across a century of market cycles. … As Didier Sornette correctly observed in Why Markets Crash, “The collapse is fundamentally due … Read more

This Is The Greatest Top In The History, Disaster For Financial Markets And The Economy Imminent

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The Evidence for the Greatest Top in History Over the last year US stocks have been rallying with greater and greater persistence and historic low volatility. This has been from already extremely high valuations. US stocks may be making a blow-off top and therefor could crash soon. Today’s financial environment is not exactly normal. We … Read more

Banks about to fall apart at financial crisis highs?

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by Kimble Charting Banks started showing cracks back in 2007 and before long they started breaking support and fell hard. The current bank trend remains UP at this time. The trend finds itself back at 2007 highs, where bulls would NOT want to see selling pressure start taking place! Below looks at the Banks Index (BKX) over the past 15 … Read more

USTreasury Bonds: Fuse to Light the Bonfire

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by Jim Willie CB Many are the metaphors used to describe the agent that initiates a major crisis. Light the fuse, or pull the trigger, pull the rug out from under the room, or pull on the string for unraveling the sweater, these are commonly heard. What comes soon is the Bonfire of the Vanities, … Read more

CPU maker Intel told CHINA about there CPU bugs before telling US govt!

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Intel warned Chinese firms about its infamous Meltdown and Spectre processor vulnerabilities before informing the US government, it has emerged. Select big customers – including Lenovo and Alibaba – learned of the design blunders some time before Uncle Sam and smaller cloud computing suppliers, The Wall Street Journal reports, citing unnamed people familiar with the matter and … Read more

One-Percenter Pelosi Bathing in Her "Crumbs"

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If they are “crumbs” then she should be fighting to get us something more substantial. But that’s not what she did, she voted against even letting us have these “crumbs”. Nancy Pelosi can f*ck off. I used to work in banking. You would be amazed at the number of people who could drastically improve their … Read more

US Treasury 10Y Yield Highest Since 2014 (30Y Mortgage Rates Near Highs Since 2014) As Home Price Growth Hits 6.41% YoY (Seattle Fastest, DC Slowest)

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by Anthony B Sanders US Real GDP seems to be booming (see yesterday’s Atlanta Fed GDPNow Report for 4.2% growth) while The Fed continues to raise their target rate and unwinding its $4.4 trillion balance sheet. The result? The US Treasury 10-year yield has risen to its highest level since 2014 (red line). And Bankrate’s … Read more