A 33 Month High!!! (Too Bad Earnings Growth Is 2.33% YoY)The S&P CoreLogic Case-Shiller U.S. National Home Price Index, covering all nine U.S. census divisions, reported a 5.89% annual gain in March, up from 5.7% last month and setting a 33-month high. The 10-City Composite and the 20-City Composite indices came in at 5.2% and 5.9% annual increases, respectively, unchanged from last month. cshomeprice-release-0530 Seattle, Portland,…
The Federal Reserve is expected to raise the Federal Funds Rate in June. Alasdair MacLeod says if interest rates keep rising to around 2.5% or 2.75%, this "should be enough […]
We've been playing two games to mask insolvency: one is to pay the costs of rampant debt today by borrowing even more from future earnings, and the second is to create wealth out of thin air via asset bubbles.
It is possible we will enjoy a century of global peace, return to honest money, eliminate the overhanging debt, balance the budget, and – insert your favorite fantasy here! Otherwise, bet […]
The last two weeks have seen speculators cover over $710 billion worth of Fed rate-hike bets
Politicians who exist to spend. If the money's there, they'll spend it. What ultimately powers spending and borrowing is the wealth of the citizenry that sadly gifts politicians with surging revenue streams that enable endless spending and borrowing. Rich countries can borrow, and they do. The fix is constitutionally limited government. Always.
The wash-rinse-repeat cycle continues along in Treasury bonds and Bloomberg & its poster girl of the day for an alarming headline, Louise Yamada, may finally be right a half a year or so after so wonderfully making our contrary case for a bond bounce.
Altogether, for the last three revisions, the cumulative amount of vanished durable goods shipments is more than half a trillion:
Americans refinancing their mortgages are taking cash out at levels not seen since the financial crisis.
While the U.S. oil & gas industry struggles to stay alive as it produces energy at low prices, there’s another huge problem just waiting around the corner. Yes, it’s true… the worst is yet to come for an industry that was supposed to make the U.S., energy independent.
The Federal Reserve Is Destroying America
“The hedge fund industry has started to collapse on itself,” said Charles Geisst, a Wall Street historian at Manhattan College in New York. “There are too many players going after the same thing.”
Municipal Bonds are in trouble in Europe as well as the United States. The local level cannot print money, nor are they ever capable of managing their
The South Korean military confirmed on Tuesday that it took part in joint war games with the US that featured a supersonic B-1B bomber. Pyongyang slammed the drills, threatening “the Yankees” with retaliation, while boasting the test of a new missile.
Having reached 17 year highs in March following the Trump Bump, The Conference Board's consumer confidence has slipped to its weakest since Feb as 'hope' fades...
the "smoking gun" shortfall is emerging in a time when price insensitive buyers are gone, "so prices have to move"
Constant political uncertainty & the worrisome inflation data have resulted in measured market skepticism
...investors to ignore some serious macroeconomic headwinds, & bringing back echoes of the late 1990s.
To raise cash is strong, debt & stock markets are trading at or close to record highs, making them ripe for a fall.
“Goldman Sachs’ financial lifeline to the regime will serve to strengthen the brutal repression unleashed against the hundreds of thousands of Venezuelans peacefully protesting for political change in the country.”