The Economic Innovation Group's (EIG) Distressed Communities Index (DCI) shows a significant economic transformation (from two distinct periods: 2007-2011 and 2012-2016) that occurred since the financial crisis. The shift of human capital, job creati
Just because society experiences turmoil doesn't mean your personal life has to. And a depression doesn't have to be depressing. Most of the real wealth in the world will still exist--it will just change ownership.
Almost exactly one year ago, when the US-China trade war was still in its early stages and when conventional wisdom (wrong, as it usually is) dictated that the two sides would never escalate to...
Existing homes sales fell 0.4% in April. The Consensus expected a rise.
The National Association of Realtors (NAR) reports Existing-Home Sales Inch Back 0.4% in April.
Existing home sales were the odd one out in March (falling as new- and pending-home-sales spiked) but expectations were for a catch-up rebound in April, but did not, dramatically missing the expectation of a 2.7% rise by dropping (again) by 0.4% MoM.
Here are the real drivers and financial benefactors of Global Technocracy. This report is reminiscent of similar research compiled by the late Professor Antony C. Sutton and myself for our book, Trilaterals Over Washington, Vols. I and II. We reached
With the entire US agriculture sector facing a 1980s style farm crisis downturn and record debt levels, demand for new tractors is set to collapse as farmers hang on to old Deere & Co. equipment, reported Bloomberg.
The Federal Reserve, by manipulating interest rates and creating money out-of-thin air, produces economic bubbles that must always end in painful economic busts. Have you ever noticed that Fed officials never actually acknowledge any of this? They ne
But what will happen to banks and automakers when the cycle turns?
Serious auto-loan delinquencies - 90 days or more past due - jumped to 4.69% of outstanding auto loans and leases in the first quarter of 2019, according to New York Fed data. Th
China sold the most U.S. Treasuries in almost 2-1/2 years in March amid uncertainty about a trade deal between Beijing and Washington, data from the U.S. Treasury Department released on Wednesday showed.
Following March's big surprise improvement, US retail sales growth was expected to slow in April but in fact it collapsed, falling 0.2% MoM in April after rising 1.7% in March
Retail Sales -0.2%, Exp. 0.2%, Last 1.7%
Retail Sales ex aut
After vowing over the weekend to "never surrender to external pressure", Beijing has defied President Trump's demands that it not resort to retaliatory tariffs and announced plans to slap new levies on $60 billion in US goods.
"neither institutional nor retail investors are currently underinvested in equities. In fact we find that the opposite appears to be true..."
-- JPMorgan's Nikolaos Panigirtzoglou
Mortgage rates have slumped once again, and are now stretching into the third straight week of decreases. The 30-year fixed-rate mortgage averaged 4.10% in the May 9 week, Freddie Mac said Thursday.
The result, discussed overnight, was a "sea of red" as risk assets and currencies across the globe collapsed, offset by a flight into safe assets including Treasuries and the US dollar. The MSCI world index fell half a percent.
When the average everyday American begins to have trouble paying their bills, it's most often a sign that the economy is not doing that well and we've reached that point.
• New York Times By Ben Casselman and Conor Doughert
Zillow and Opendoor say their products could be even more valuable when the real estate market slows. The housing market often seizes up during periods of rapid change, as buyers and sellers struggle to agree on prices.
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