Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Markets wail and gnash their teeth as “normalization” of Italian yields sets in. On Tuesday, Italian bonds had their worst day in Eurozone existence, even worse than any day during the worst periods of the 2011 …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Carmageddon but not Truckmageddon The GM plant in Lordstown, Ohio, which only builds the Chevy Cruze compact car, already went through layoffs in 2017 when it trimmed its three shifts to two shifts and cut 1,200 …
via Eric Basmajian Summary Manhattan home sales fell the most since 2009 as Bloomberg reports. Sales of condo’s and co-ops fell 25% in Q1 2018 compared to Q1 2017. It is unclear whether the drop is related to the tax plan or a broader …
via Ploutos Summary Tesla’s bonds fell to new lows last week after a rating downgrade and disappointing headlines. The bonds have widened by over 200 bps since issuance, pricing the bonds in the high $80s. The company’s high equity valuation and deeply speculative …
Trump hates Amazon, not Facebook Capitol Hill wants Facebook’s blood, but President Trump isn’t interested. Instead, the tech behemoth Trump wants to go after is Amazon, according to five sources who’ve discussed it with him. “He’s obsessed with Amazon,” a …
The DOW took a cliff dive into a shallow pool and crashed more than 724 points. Some say it was because of the possibility of a new trade war. Trump announced new tariffs against China. Gregory Mannarino of TradersChoice.net says it’s not …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Homeowners who bought a year ago are down C$110,000 on average. Home sales in the Greater Toronto Area, Canada’s largest housing market, plunged 35% in February compared to a year ago, to 5,175 homes. The plunge …
The market is getting very soft. Fewer and fewer pockets are continuing to outperform. And interest rates have barely risen. Just wait! Do you think it’s a good thing if your primary residence continues to rise in price decade after …
https://www.youtube.com/watch?v=D5EmGIRiLZM Peter Schiff joins Alex Jones live via Skype to claim credit for predicted the sharp stock market plunge and make another bold prediction for the future of the world economy in the Trump Era.
by BILL BONNER PARIS – What happened yesterday to cause the Dow’s worst one-day point drop in history? The wires, airwaves, and ether are full of conflicting analyses and opinions. Take this sample of headlines from Bloomberg: Bad Day Turns Terrifying …
by Adam Taggart r.classen/Shutterstock Today saw Jerome Powell sworn into office as the new Chairman of the Federal Reserve, replacing Janet Yellen. Looking at the sea of red across Monday’s financial markets, Mr. Powell is very likely *not* having the …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is not like the dotcom crash – though it’s even more brutal. Cryptos are having another bad-hair day, one in many, with just about all the largest ones crashing 12% to 25% this morning. It’s …
by Chris Martenson Economic and market conditions are eerily like they were in late 2007/early 2008. Remember back then? Everything was going great. Home prices were soaring. Jobs were plentiful. The great cultural marketing machine was busy proclaiming that a …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But many mid-tier markets are red-hot. In San Francisco, the most expensive major rental market in the US, the median asking rent in November for one-bedroom apartments, at $3,390, is up 1.8% year-over-year, but is down 7.6% …
Josh Sigurdson talks with author and economic analyst John Sneisen about the recent plunge in Chinese stocks. The Chinese blue-chip index suffered the worst day in 17 months after a MASSIVE plunge. Investors cited rising bond yields and regulatory burdens …
Stockman: Stocks to plummet 40-70% from CNBC. David Stockman is warning about the Trump administration’s tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the Reagan administration’s director of the Office of Management …
Commodities Not Suggesting Reviving Economy h/t .@LanceRoberts #OOTT pic.twitter.com/EP8XhiWESV — Alastair (@StockBoardAsset) September 25, 2017 Sign of the times… Peak $FB? pic.twitter.com/iJv3aNUIB0 — Alastair (@StockBoardAsset) September 25, 2017 Tech stocks are getting hammered this morning, extending losses from Friday, led by …
by John Rubino The dollar has been falling lately, which isn’t what a lot of people expected with the Fed being the only major central bank that’s raising interest rates. Higher yields on dollar balances should, according to basic economics, …
By Michael Snyder One sector of the economy that is acting as if we were already in the middle of a horrible recession is the auto industry. We just got sales figures for the month of April, and every single …
By Michael Snyder Over the years, many people have been shown that someday a giant earthquake will cause significant portions of California to fall into the ocean. But up until now, most scientists have disputed the idea that this could …