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A car dealership in Honea Path, South Carolina, is offering everyone who buys an automobile an American flag, a Bible, and a voucher for a Smith & Wesson AR-15 rifle. The dealership’s … Read more
By Tsvetana Paraskova Khalid al-Falih, the energy minister of the world’s largest crude oil exporter and OPEC’s biggest producer, Saudi Arabia, urged on Thursday countries buying crude oil to secure the free … Read more
by WARREN MOSLER Rolled over and on the decline and from highs that were at historically depressed levels: Now in contraction: From the AIA: Design services demand stalled in June, Project inquiry … Read more
by Sparky1 It is my understanding that Deutsche Bank (DB) is too important a globally interconnected bank that poses such an acute systemic risk that TPTB will not let it … Read more
by Martin Armstrong Austria was able to sell its second 100-year bond in history at just a yield of just over 1.00%. Some argue that capital has been forced to … Read more
by Martin Armstrong Premier John Horgan of BC in Canada was joined by Finance Minister Carole James and Attorney General David Eby at a press conference in Victoria, BC, where … Read more
By Tsvetana Paraskova Following the U.S. sanctions, Venezuela’s oil inventories have swelled to a five-year high, The Wall Street Journal reported on Thursday, citing satellite data—a sign that Venezuelan oil buyers are fleeing … Read more
Desperate measures for desperate times? By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. As house prices in the UK continue to slip-slide downwards, compounding fears that the multi-year housing … Read more
by klsklsk The best advice is to run the numbers and look at mortgage amortization calculator/tables. The difference in interest rate is really what will tip this one way or the … Read more
via Bloomberg: Convinced the stock rout is over? It has occasionally felt like it, on days like Friday, when the Dow Jones Industrial Average soared almost 750 points. Isolated examples … Read more
via CNBC: Even with mortgage rates at the lowest level in three months, homebuyers are pulling away from the housing market. Mortgage application volume fell 5.8 percent last week from … Read more
Super expensive Hong Kong tops the global list for super-rich home buyers The world’s super-rich collectively spent $6.6 billion in a recent 12-month period on homes worth $25 million or more, … Read more
via MarketWatch: ‘Home flipping acts as a canary in the coal mine for a cooling housing market.’ While TV shows like “Fixer Upper” and “Flip or Flop” rule HGTV’s airwaves, … Read more
Reluctant Preppers, Released on 11/15/18 You may have heard that the near-record stock market internals have turned ghastly, where most companies are lagging, leaving only a few standard-bearers to prop … Read more
American companies are the largest source of demand for American stocks, and sharp tumbles have come when their buying slows. There are plenty of potential catalysts for the stock market sell-off that … Read more
Article here Some of the more concerning ones: -Crowdsourcing CMG Financial, a lender based in San Ramon, California, has created Homefundme.com, where prospective home buyers can tap the collective pockets of … Read more