Spreading the truth. Empowering the people.
via MarketWatch: Russell 2000 is up 8.8% in the first 12 sessions of 2019 Much has been made about the performance of stocks so far in 2019. Small-cap stocks, as … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Wow, that was fast. Margin calls. During the ugly stock-market December, whose ugliness bottomed out on Christmas Eve, a nasty November, and the ugliest October anyone … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But freight rates remain red hot. Freight shipment volume across all modes of transportation – truck, rail, air, and barge – in December declined about 1% … Read more
via MarketWatch: PG&E’s bankruptcy would result in a default of $17 billion of its bonds If Pacific Gas & Electric Co. follows through with its bankruptcy announcement, the country’s … Read more
The Evidence Pours In: Poverty Getting Much Worse in America Poverty—and the stress of being poor—is killing people every single day A White House report recently proclaimed that the “War on Poverty … Read more
via wbez.org: Sandra Botello moved to Chicago five years ago for what she called “the opportunities.” Now 41, she and her children had been evicted from her home in Idaho when … Read more
by Jesse Colombo Zillow recently published its 2018 housing market report that showed that America’s $33.3 trillion housing market is up by 49% since 2012: The value of the U.S. housing market … Read more
via upi: Jan. 3 (UPI) — At the close of 2018, the U.S. national debt was more than $2 trillion higher than when President Donald Trump took office, data released Thursday by the Treasury … Read more
via scmp: The monthly home price index fell 3.5 per cent to 366.3 in November, up from 2.56 per cent in October Largest fall in a single month since November 2008 … Read more
via Bloomberg: U.S. investment-grade credit spreads are at the highest level in more than two years as the market nears the end of 2018 with the worst returns in a … Read more
by Michael Snyder Now that the year is finally over, we can officially say that 2018 was the worst year for stocks in an entire decade. Not since the last financial … Read more
Merry Christmas: Federal Debt Up $1.37 Trillion Since Last Dec. 25; $10,743 Per Household (CNSNews.com) – The federal government has added another $1,370,760,684,441.54 to the debt since last December 25, according … Read more
No one knows what’s going to happen. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Vehicle manufacturing in the UK slumped by 19.6% in November compared to the same … Read more
by DCG Strict gun control laws don’t even work during the Christmas season. From MyFoxChicago: Sun Times Media Wire – At least 23 people in Chicago were shot, one fatally, since the … Read more
The stock market had one of the worst weeks on record. It has been one drop after another as we see the compounding effect only making matters worse. First it … Read more
by Michael Snyder Just when you thought that things couldn’t get any worse, they did. During normal times, a Friday before Christmas is an extremely boring trading session, but these are … Read more