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Dow Industrials on Pace to Notch Record High The Dow Jones Industrial Average rose a fourth straight session, pushing the blue-chip index above its record closing level in intraday trading … Read more
via Zerohedge: Following last month’s disastrous starts and permits data, Tuesday’s release of the S&P/Case–Shiller US National Home Price Index hinted at a nasty slowdown in all 20 metropolitan regions the … Read more
By Rodney Johnson My house is in a bit of disarray. We’re spring cleaning, but it’s more than that. We’ve decided to move, so going through clutter takes on new meaning. … Read more
by GoldCore – Gold gains due to concerns about slowing growth, monetary and geopolitical risks – Increasing possibility of ‘No Deal’ Brexit heightens recession risks in UK, Ireland – Brexit … Read more
by Charles Hugh-Smith Even if the Fed hadn’t institutionalized perverse incentives to borrow and speculate in asset bubbles, the economy would still be generating far fewer winners than losers. If … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Central-Bank Stimulus Fail: The longer it drags on, the worse it gets? Manufacturing in the powerhouses Germany, Japan, and China took a hit – all of … Read more
via mediaite: “In the latest NPR/PBS NewsHour/Marist poll released Thursday, President Donald Trump may have suffered some among Republicans overall, but he saw a huge point gain in a different demographic … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But the central bank has kept interest rates at record lows! The relentlessness of the housing busts in the regions of Sydney and Melbourne – they … Read more
by Adam Taggart Ever since the central banks became serial bubble blowers twenty years ago, household wealth has mostly been driven by asset price inflation: But this has been a … Read more
‘It’s time to admit this race is over.’
by Daendrew 98% of S&P 500 gains come from just 6 companies. www.cnbc.com/2018/07/10/amazon-netflix-and-microsoft-hold-most-of-the-markets-gain-in-2018.html When you take that into account, it is even more impressive that SFLNX, the Schwab Fundamental US … Read more
by QuantalyticsResearch Crypto News According to Italy’s Member of Parliament, Mirella Liuzzi, Italy is about to enter the European Blockchain Partnership, a coalition of 26 EU countries. According to Liuzzi, … Read more
Summer is over, and Greenland’s surface has gained 510 billion tons of ice over the past year – about 40% above normal. The surface mass budget is snow/ice accumulation minus … Read more
via NYT: WASHINGTON — The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital … Read more
Even the cheapest homes are waiting for buyers Units for less than $1 million — within reach of far more people than a Billionaires’ Row penthouse — are hurting for … Read more
