Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Despite “the lowest interest rates in more than a year.” In California, the median house price in March was essentially flat with March last year at $565,880, according to the California Association of Realtorstoday. But among the …
by Jim Quinn You will find more infographics at Statista Jeff Bezos and his wife MacKenzie have agreed on a record-breaking divorce settlement worth an estimated $36 billion. Ms Bezos will keep a 4 percent stake in Amazon and give up her interests in …
https://twitter.com/GreekFire23/status/1099315886819889152 ‘Father of Reaganomics’ Says ‘Get out of the Market’ David Stockman, the so-called “Father of Reaganomics,” is at it again with his most recent prognostication of doom for Wall Street and the broader economy, even as the stock market …
By Harry Dent What do you think of these apples? More than a year ago I suggested that the most expensive new listing on South Central Park – Billionaire’s Row – was going to be listed at $250 million. At …
by Jesse Colombo Tesla stock plunged nearly 13% today on news that the company will lay off about 3,000 employees or 7% of its total staff as speculation mounts that demand for its Model 3 sedan is falling. Here’s an …
Here is today’s articles mentioned in this news update: 1. Zimbabwe protests turn violent after fuel prices more than double https://amp.cnn.com/cnn/2019/01/14/africa/zimbabwe-fuel-protests-intl/index.html 2. Print Email Facebook Twitter More Zimbabwe protests turn deadly after petrol prices become most expensive in the world …
Via Townhall Nancy Pelosi’s first move as Speaker will a public stand on saving Obamacare by intervening in court case where judge struck it down as unconstitutional The push is included in House rules package for new Congress Authorizes …
Investors to Corporate America: You’ve got a debt problem New York (CNN Business)It’s getting awfully difficult for investors to ignore Corporate America’s mountain of debt. Fears of an economic slowdown — or even recession — have turned a spotlight on …
JOURNALISM: Plus, as Ben Rhodes noted, they literally know nothing: h/t GR
by howmuch Unemployment in the U.S. is now hovering around its lowest point in almost half a century, and pretty much anyone who wants a job right now can get one. But here’s one segment of the workforce that may not be …
by howmuch There’s a lot that goes into determining how much you pay for car insurance. Your age, gender, marital status, driving record and perhaps most importantly your home address are all major factors. This makes it difficult to compare …
From Forbes: I grew up in one of a handful of admittedly sun-drenched US places that don’t observe Daylight Saving Time, but the cycle of ‘Spring Forward, Fall Back’ (a phrase apparently first used by the Los Angeles Examiner) still had an impact. Twice a …
Results Across 9.5 million estimated new diagnoses of cancer from 2000–2012, individuals averaged 68.6±9.4 years with slight majorities being married (54.7%), not retired (51.1%), and Medicare beneficiaries (56.6%). At year+2, 42.4% depleted their entire life’s assets, with higher adjusted odds …
What do you think will ultimately be the TRIGGER event? Emerging markets are seemingly never letting up. The weakness prevails and could easily spill over into the more developed nations. With weak currencies, commodities such as oil become very expensive. …
by jessefelder It was almost a year ago I wrote “What Were You Thinking?” referring to a quote from an interview with Sun Microsystems CEO, Scott McNeely, that he gave a year or two after the peak of the DotCom …
https://twitter.com/OccupyWisdom/status/1039911899654221824 This absurdity in credit markets shows what the top of the business cycle looks like: Corporate debt at extreme levels, Fed in tightening mode, but credit spreads near record lows. This is perhaps the greatest highlight from Jeff Gundlach’s …
by Michael Snyder We all knew that Hurricane Florence was going to be bad, but now it is being projected that it will cause more economic damage than any other storm in all of U.S. history. As you will see …
from Zero Hedge Hours after The Pentagon confirmed the President’s military parade planned for Veterans Day has been postponed until at least next year, after the DoD released an estimated cost of $92 million, Trump has scape-tweeted local Washington politicians as …
via MarketWatch: After spending his days teaching AP American history and economics at the public Live Oak High School in San Jose, Calif., Matt Barry drives for Uber. Barry’s wife, Nicole, teaches as well — they each earn $69,000, a …
via wral: LOS ANGELES — A property about to go on the market here consists of 157 acres of hilltop land in the coveted Beverly Hills 90210 ZIP code, a 10-minute drive from Rodeo Drive. With its 360-degree views, you can …
At roughly 9 times sales, the FANG stocks have never been so expensive heading into earnings season https://www.bloomberg.com/news/articles/2018-07-20/wish-granted-this-is-what-the-market-looks-like-without-fangs h/t @jessefelder Chart via @niboce
via freebeacon: Taxes levied per ounce on sugary drinks by Democrats in Berkeley, Philadelphia, and Seattle are even more regressive, according to the study. The middle class would pay the most if Congress passed a nationwide soda tax, as two-thirds of …
via Advisor Perspectives: Warren Buffett’s favorite stock market valuation metric, when using the broadest measure of total stock market capitalization vs. the total value of US GDP, is at an all-time high. As in, as measured by the broadest, most-inclusive …
by Martin Armstrong Business Insider has published a map of the top 10 most expensive places to live and work and guess what – Seattle is in the list even before they impose this new outrageous tax of $275 per …
by howmuch Hawaii’s Kilauea volcano is now threatening to destroy more homes, forcing the authorities to order a mandatory evacuation for additional neighborhoods. There’s no telling when the volcano will finally stop, but it has already destroyed 82 structures. That means we …
by Gary Christenson of Deviant Investor This article was written for Miles Franklin by Gary Christenson, with appreciation for Led Zeppelin who wrote and performed “Stairway to Heaven.” The Stairway To Heaven “There’s a lady who’s sure All that glitters is gold And she’s buying a stairway …
by howmuch Founding a new company carries all sorts of risks, not the least of which is the cost associated with leasing an office and hiring employees. But where is the best city to start a new company, and what …
They basically made a system where you pay for your own genocide by paying for welfare for illegals/demoralized lefties and their kids so they can outbreed you and then outvote you in the long run. There are a lot of …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The peculiar phenomenon that started last November was this: One-bedroom median asking rents in the US were skyrocketing in the double-digits, even as two-bedroom rents were barely ticking up and remained below the rate of inflation …
