Spreading the truth. Empowering the people.
by mart1373 I’m sure this will get buried among the many posts today, but it bears repeating: short-term fluctuations in the stock market are short-term. The fact that the market is … Read more
Banks are trying, but demand just isn’t there. By Wolf Richter for WOLF STREET. At the end of January, outstanding balances of homeowner lines of credit (HELOC) at all commercial banks in the … Read more
What’s Behind the Screwed-Up Student Loan Fiasco? By Wolf Richter. This is the transcript from my podcast last Sunday, THE WOLF STREET REPORT: Enrollment in higher education in the United States has … Read more
See one of many articles below for details. I don’t plan to sign up since I’m happy with my current accounts, but 4% APY is definitely eye popping. www.engadget.com/2019/04/18/t-mobile-money-nationwide-rollout/ … Read more
by WARREN MOSLER China Total Vehicle Sales Vehicle sales in China tumbled 15.8 percent from a year earlier to 2.37 million in January 2019, following a 13 percent drop in … Read more
by FIREoManiac www.fidelity.com/bin-public/060_www_fidelity_com/documents/press-release/fidelity-q3-2018-account-balances-hit-record-highs.pdf Headlines include: • The average 401(k) balance reached an all-time high balance of $106,500 • Contribution Rates for Women Reach Record Levels • Number of 401(k) Millionaires Increase 40 Percent … Read more
From Birch Gold Group This coming January there will be 62 million Social Security (SSI) beneficiaries who will get 2.8% more in the form of a cost-of-living adjustment (COLA). Obviously any increase is … Read more
by Ruby Henley WATCH TUESDAY as Arizona, Florida, and Oklahoma choose candidates for midterms. It is very important to President Trump, as these states were key to his victory in … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Delinquencies soar past Financial-Crisis peak at the ca. 5,000 smaller US banks, and these are the Good Times. What’s going on? The delinquency rate on credit-card … Read more
by Martin Armstrong QUESTION: Do you think that the central bankers influence has triggered a massive shift in the world order? Do you think the IMF and the BIS have gone … Read more
Hussman posted this chart in his latest blog. www.hussmanfunds.com/wmc/wmc170717.htm Speaking of margin debt, Doug Short recently provided this look at investor credit balances and the equity market. The bars (green … Read more
