Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Mortgage rates are climbing faster than the 10-year Treasury yield. The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) and a 20% down-payment rose to 5.17% for the latest reporting …
YOU KNOW, I THINK I’M GOING TO ENJOY THE NEXT TWO YEARS: h/t GR
via stocknews: Goldman Sachs Group,Inc (NYSE:GS) Goldman Sachs fell 7 percent after news of its involvement with a shady Malaysian investment fund. It was the company’s biggest drop since losing eight percent in November 2011. CNBC provides details: Goldman has attracted scrutiny …
NEW YORK (AFP) – After years of low, low prices, fed by near-zero interest rates in a convalescing economy, Americans are waking up to costlier consumer living. Everyday household staples like diapers, toothpaste, shampoo and dishwashing liquid — not to mention …
by Chris Kimble CLICK ON CHART TO ENLARGE This chart looks at the yield of the 2-year note and its 5.5-year performance since 1999. The 2-year yield looks to have double bottomed in 2013 and since then it has been …
by AlexPitti When you combine +20% earnings growth with a flat market, the multiple compresses. The problem is earnings fall in slowdowns. If those potential negative catalysts end up coming true, stocks will falter because they trade on future estimates, …
Josh Sigurdson talks with author and economic analyst John Sneisen about the crashing San Diego housing market as the bubble has been propped up to such an incredible pressure that we’re finally starting to see the resistance in the beautiful …
https://twitter.com/OccupyWisdom/status/1059860505723056128 WTI Crude Enters Bear Market – Plunges To 7-Month Lows WTI Crude futures are down 20% from their early October highs, with the front-month contract back to a $61 handle at its lowest level since April. As more details emerged …
by McShillin The newest batch of ACT scores shows troubling long-term declines in performance, with students’ math achievement reaching a 20-year low, according to results released Wednesday. The average math score for the graduating class of 2018 was 20.5, marking a …
by Martin Armstrong The Spanish prosecutor wants to send the politicians of the Catalan independence movement to prison for 25 years. The prosecutor has demanded that the former Deputy Regional President Oriol Junqueras should effectively die in prison. The absurdity of …
via visualcapitalist: The Chart of the Week is a weekly Visual Capitalist feature on Fridays. At first glance, the business world may seem quite static. The biggest companies today – ones like Apple, Walmart, or Exxon Mobil – will likely also be some …
by Michael Snyder This was an October that many of us will never forget. The month of October is typically the most volatile month of the year for stocks, and that was definitely the case in 2018. It was the worst …
Mortgage Debt is our friend not enemy
via qwerty2020: Full article (with a few more stats + list of cereals by length on market) I scraped and cleaned this data from Wikipedia using Python. Used Google Sheets for the charts.
by BEAR_RAMMAGE Democrats didn’t care when Madonna said she had thought an awful lot about blowing up the White House. Democrats didn’t care when Kathy Griffin posed with a mock severed head of President Trump. Democrats didn’t care when a …
For almost six years, Washington secretly shackled JPMorgan Chase & Co., the nation’s biggest bank. Now the chains are off, thanks to bank-friendly regulators in the Trump administration. In actions never before made public, Obama administration regulators prevented the bank …
via talent.works: Jr. Marketing Assistant. Perfect for new grads! Requirements: 3 years of digital marketing experience. Compensation: $12/hour. The job search can feel like one big Catch-22: “How the hell am I supposed to get experience if I can’t get a job to get experience?” In fact, after …
via @Kr00ney The VanEck Vectors Semiconductor ETF, which trades under the ticker SMH, saw its biggest downturn since November 2008 on Wednesday. It’s been a tough week for semiconductor-related stocks after disappointing earnings from Advanced Micro Devices and Texas Instruments and …
“Global Systemically Important Bank Stocks” Down 27% in 10 Months “We are entering a time when the economy was likely to slow down anyway, but if stocks continue to crash and global banking woes escalate, that is going to spread …
by kCinvest These are the most common causes for bubbles to be sustained: Disinflation (rising equity prices on falling inflation) Easy credit & low interest rates Real broad MZN growth acceleration (liquidity trade) Behavioural finance (herd mentaility, overreaction to good news) …
From José Niño via Mises Wire: Today marks the 50th anniversary of the passage of the Gun Control Act of 1968. The GCA is the main federal law that governs interstate commerce of firearms in the United States. Specifically, the GCA prohibits firearms …
https://www.youtube.com/watch?v=-woOVtwgDgU Insect numbers are declining world wide, and no one knows why. In the last generation, insect numbers have dropped as much as 75 percent. More than 75 percent decline over 27 years in total flying insect biomass in protected …
via thefreethoughtproject: Plano, TX — Alfred Pick served his country honorably. After going on over 100 combat missions in Vietnam, Pick was given the military’s third highest honor, the Silver Star. He was also captured and did time as a POW. …
Most snow in 15 years in October and the month is only half over and a blizzard is expected for the New England states over Thanksgiving as a Nor’easter churns up the east coast. Record cold smashes into the 35F …
via alagard2: It’s true that elemental mercury is very poorly absorbed through the gastrointestinal tract (1: World Health Organization; International Program on Chemical Safety. Inorganic mercury: environmental health criteria 118. Geneva: World Health Organization; 1991, http://www.inchem.org/documents/ehc/ehc/ehc118.htm) and this is sometimes used as …
by Ron Paul September marked a decade since the bursting of the housing bubble, which was followed by the stock market meltdown and the government bailout of the big banks and Wall Street. Last week’s frantic stock market sell-off indicates the …
via stuff.co.nz: OPINION: Global markets are falling so fast it’s difficult to keep up with the numbers. The Dow Jones industrial average in the US fell 3.2 per cent on Wednesday. In China, the Shanghai Composite was down 5.2 per cent overnight. Virtually …
by HereAboutAThing In the book Millionaire Next Door a number of facts are stated including the average prices of the cars, suits, and watches. 30k, $300, and $200, respectively. These values are often recited as guidelines for r/pf readers but rarely seem …
via visualcapitalist: The record industry has seen a lot of change over the years. Vinyl gave way to 8-tracks, and cassettes faded away as compact discs took the world by storm, and through it all, the music industry saw its revenue …
