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by Irina Slav Tesla will stop offering the lowest-priced versions of its Models S and X, chief executive Elon Musk wrote in a tweet. “Starting on Monday, Tesla will no longer … Read more
by Egon von Greyerz As we approach the beginning of the biggest wealth destruction in history, it is timely to turn to the wisdom of one of the great philosophers. … Read more
Housing sentiment falls to lowest in a year, as more say now is not a good time to buy: Fannie Mae Consumer attitudes toward both buying and selling homes dropped, … Read more
The Smart Money Index has dropped to lowest since 2009 this week. Is calculated by taking action of the Dow in 2 time periods: the first 30 mins & the … Read more
via confoundedinterest: The Dow “Smart Money” Flow index has dropped to its lowest level since April 2009. The Smart Money Flow Index is calculated by taking the action of the Dow … Read more
BAML has just called a peak in home sales! Citing declining affordability (makes sense given rising mortgage rates = headwind), housing market underperformance as economy grew (relative terms). @mtmalinen @LizAnnSonders … Read more
Obama’s Economy: “That’s one of the lowest numbers we’ve seen in years.” “That’s a horrific number.” VS. Trump’s Economy: “That’s a wow number.” “It keeps getting better and better and … Read more
Bitcoin’s price dips lower amid cryptocurrency sell-off from CNBC. via CNBC: Bitcoin nears its lowest level of the year with other major cryptocurrencies ether and XRP falling double digits. The … Read more
via Karoliina Liimatainen The Swiss property market kept cooling in the second quarter, with UBS Group AG’s bubble index reaching its lowest since early 2015. The index slipped to 1, the … Read more
Amazon now pays even LESS tax while struggling High Street firms pay up to 20 times more Amazon has declared its lowest UK corporation tax bill in five years as … Read more
by sundance Begin, with the end in mind…. More than two years ago CTH began discussing the ramifications to a new emphasis on the economy outlined as a possibility of candidate Donald Trump’s economic policy outlook. Within … Read more
China Set for Record Defaults, and Downgrades Dagong has reported 13 credit-rating downgrades compared with 10 upgrades so far this year, the highest such ratio on record, according to Bloomberg-compiled … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Down 70% from the peak. This is just not fun anymore. Bitcoin dropped to $5,860 at the moment, below $6,000 for the first time since October … Read more
Texas democrats beat lowest turnout record since 1920, it’s the lowest in 98 years. An almost 60% decline since the March primary. Texas democrats beat lowest turnout record since 1920, … Read more
Democratic voter turnout in Texas reached historic lows this week, with fewer liberal supporters showing up during Tuesday’s governor run-off than any point in nearly 100 years. According to … Read more
It is well known in Sweden that the current ambition is to reach and maintain 2% inflation. It seems any other goal is secondary. The Swedish krona just hit … Read more