Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is getting serious. Sales of new passenger vehicles, as measured by registrations, dropped 5.5% in December from a year earlier in the UK, the second largest auto market in the EU, behind Germany. Sales in …
by Martin Armstrong QUESTION: What about what China did by buying stocks a few years ago to stop the hang sang from dropping LW https://d33wjekvz3zs1a.cloudfront.net/wp-content/uploads/2016/02/Summers-Economy-Not-Predictable.mp4?_=1 ANSWER: Do not confuse attempts to support a market from actually being able to do …
via Money Metals: It’s amazing what passes as a market these days. Stocks rallied during the Christmas week, and the mainstream financial press would like you to believe bargain hunters swooped in after the weeks of heavy selling to grab some …
Firearms-Related Accident Deaths Plunge 41% From 1999 (But the media won’t report the facts) While recent headlines might lead you to believe that accidental deaths from firearms are at an all-time high, the fact is they are at their lowest …
Reuters: Top Trump official calls bankers, will convene ‘Plunge Protection Team’ This is the most unequal policy of the Feds. We have barely entered a bear market, circuit breakers haven’t even kicked in yet, and they are already planning to …
by Michael Snyder The Dow Jones Industrial Average plummeted another 496 points on Friday as panicked investors continue to pull billions of dollars out of the stock market. With less than two weeks to go until Christmas, the markets are not …
by John Rubino Despite all the ominous press being devoted to the soon-to-be-inverted yield curve, it’s not always clear why such a thing matters. In other words, how, exactly does a line on a graph slipping below zero translate into a …
Authored by Steve Saretsky of VancityCondoGuide The sudden shift in the Vancouver housing market has been well documented. In November, home sales across all property types sank to a ten year low for the month. The drop is rather unprecedented considering the …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Industry panics, overcapacity spreads, but government brushes off the wailing and gnashing of teeth, looks to EVs. New-vehicle sales in China plunged 13.9% in November, compared to a year ago, to 2.55 million units, the China …
This is already a bear market, stocks are plunging at least 20 percent: Ned Davis Research from CNBC. via CNBC: The wild trading that’s gripped Wall Street may be no ordinary correction. According to Ned Davis Research’s Ed Clissold, a bear …
Natasha Sweatte reports on predictions of major changes to the US housing market, as unsold homes climb to the highest level since 2009, when the US was in a middle of a mortgage crisis. Natasha talks to Jeff Deist, President …
by Michael Snyder The U.S. economy is definitely deviating from the script, and we just got more evidence that “Housing Bubble 2” is bursting. Experts were expecting that new home sales in the U.S. would rise in October, but instead …
Trumpeteers rejoice. “Best Economy Evah!!!”. In case you didn’t notice, the trade deficit also reached and all-time high today, up $14 billion since the Great Orange One ascended to the throne. The housing market is now in the process of …
by John Rubino Looks like we just hit an inflection point. So far this morning: U.S. new home sales drop to more than 2-1/2-year low (Reuters) – Sales of new U.S. single-family homes tumbled to a more than 2-1/2-year low in October …
by Jesse “It was not curiosity that killed the goose who laid the golden egg, but an insatiable greed that devoured common sense.” E.A. Bucchianeri US equities were pummeled today with the Dow Jones ‘Industrial’ Average dropping 600 points. Selling …
Part of a global trend, as exasperated consumers are squealing, but no country has threatened to do what Mexico proposed. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Mexico’s stocks are plummeting, with the S&P/BMV IPC index down 5.8% …
via @stephlandsman David Stockman warns a 40 percent stock market plunge is closing in on Wall Street. Stockman, who served as President Reagan’s Office of Management and Budget director, has long warned of a deep downturn that would shake Wall Street’s …
https://www.youtube.com/watch?v=-fWotn31IlI For More Information See: http://theeconomiccollapseblog.com/ar… http://theeconomiccollapseblog.com/ar… https://www.marketwatch.com/story/low… https://www.washingtonpost.com/business/why-central-bank-buying-has-the-gold-market-guessing/2018/10/29/adbe54ae-db39-11e8-8bac-bfe01fcdc3a6_story.html?noredirect=on&utm_term=.a5b3ee7bc646
by Michael Snyder Stocks are falling again, and many believe that this new crisis is only just beginning. After a disappointing end to last week, a lot of investors were hoping for a bounce to start this week, but so …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Hot air is hissing out of this market. Sales of new single-family houses in September plunged 18% from September a year ago, not-seasonally adjusted, to just 41,000 new single-family houses, according to estimates that the Census …
Chinese stocks fell sharply on Thursday as heavy selling in the energy sector and worries about the levels of borrowing in the stock market added to broader concerns over growth and the global sell-off in equities. The Shanghai Composite index …
https://www.cnbc.com/2018/10/16/blackrock-ceo-larry-fink-we-saw-huge-outflows-before-last-weeks-plunge-due-to-more-fear-among-investors.html Basically the fear rising wages would squeeze company margins. Then my own take is what happens if/when tariffs related increases really hit? Especially if Chinese imports get hit with 25% (though China is devaluing somewhat to soften this IMHO). …
by DCG From Fox News: The politically charged 2018 American Music Awards produced dismal viewership, setting an all-time low rating for the annual special. According to Variety, Tuesday night’s “American Music Awards” on ABC earned a disappointing 1.8 rating among the key demo …
by Michael Snyder In late 2018, the bad economic news just keeps rolling in. At a time when consumer confidence is absolutely soaring, the underlying economic numbers are clearly telling us that enormous problems are right around the corner. Of …
Turkish lira in free-fall, down 18% in two days. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. On Friday, the Turkish Lira plunged 15% against the US dollar. Over the past two days, it has plunged 18%. Over the …
via Sue Chang John Hussman, president of Hussman Investment Trust, describes himself as an economist, a philanthropist, and a “realist optimist often viewed as a prophet of doom” on his Twitter profile. That last bit may be the one investors care …
via Tae Kim | @firstadopter Tesla shares will fall dramatically the rest of this year due to its high valuation and rising competition, according to J.P. Morgan. The firm reaffirmed its underweight rating on Tesla shares, saying other automakers may price their electric cars …
by Dr. Eowyn Hank Berrien reports for The Daily Wire, June 1, 2018, that May was a disastrous month for CNN’s primetime schedule, compared to 2017, ranking behind Fox and MSNBC. According to Adweek, compared to the same period last year: CNN’s …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The old question: When will she buckle? Shares of Deutsche Bank fell 7.2% today in Frankfurt to €9.16, the lowest since they started trading on the Xetra exchange in 1992. They’re now lower than they’d been …
by jessefelder Much has been made of the plunge in the Smart Money Index this year and for good reason. In the past, major downturns in the index like we are witnessing today have proved to be prelude to major downturns in …