Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers.
The American middle class, long the most affluent in the world, has lost that distinction.
It almost happened in 2008... but as this excerpt from Casey Research's Meltdown America documentary notes, it appears the US military is preparing for the potential collapse of the US dollar
Existing Home Sales Drop To Lowest Since July 2012; All-Cash Buyers, Investors Are 50% Of March Transactions
With China’s debt now bursting at the seams and the economic outlook in the United States signaling a major recession the governments and central banks of the world are very rapidly running out of options.
The Adaptive Genius Of Rigged Markets
Credit card companies know there’s no free lunch, but they’re letting more customers get a taste as an enticement by gouging their existing card members.
In Part 2 of my series about the wealth-destructive misanthropic power of banker controlled HFT algorithms, I will link the revelations
It has been a largely event-free weekend except, of course, for the previously reported re-escalation in Ukraine following what was a lethal shooting in the east Ukraine city of Slavyansk blamed on .....
Miracles It looks as though the US stock market is in the process of topping out. But if you’d bet heavily on a bear market, each time you saw one coming, you’d be broke by now. We will wait to see what happens…
The unemployment rate has fallen fast in the Carolinas. But the decline may not be the good omen it seems as the underlying reasons mirror broader trends that are causing some economists concern.
For months now, Mr. Smith has feared he might lose his current "home", which is parked on a street near a quiet Palo Alto park. An ordinance would punish people cited for living in a vehicle with as much as a $1,000 fine or six months in jail.
he FDIC filed suit for LIBOR-rigging against sixteen of the world’s largest banks – including the three largest USbanks (JPMorgan Chase, Bank of America, and Citigroup), the three largest UKbanks, the largest German bank, the largest Japanese bank, a
There is no question about it, NYC feels more like “Disneyland for Wall Street” than ever before. The very rich are doing very well, everyone else, not so much.
In whatever direction we turn, we find the heavy hand of government intruding into virtually every aspect of American society. Indeed, it has reached the point that it would be a lot easier to list those areas of people's lives into which government
The US dollar's position as the base currency for global energy trading gives the US a number of unfair advantages. It seems that Moscow is ready to take those advantages away.
Wolf Richter is one of the most astute observers of our bubble-ridden/central bank perverted financial scene around.
The following is an excerpt from ALL THE PRESIDENTS’ BANKERS: The Hidden Alliances that Drive American Power by Nomi Prins (on sale April 8, 2014). Reprinted with permission from Nation Books. Nomi Prins is a former managing director at Goldman Sach
The New York Post's John Aidan Byrne reports the SEC is planning a sweeping campaign against high-frequency traders in the wake of revelations about the extent of their impact published in Michael Lewis' book "Flash Boys."
Man who predicted 1987 stock market crash and the Great Recession claims another crash is months away
With everyone focusing on the stock market and debating whether the second tech bubble has finally popped as it tends to do every so many years, another bubble also appears to have burst, and this time it is literally a bubble - that in carbonated di
Earlier this week economic strategist Marc Faber warned that some time in the next 12 months the U.S. stock market will experience a crash worse than the massive drop seen in 1987.
“I think it’s very likely that we’re seeing, in the next 12 months, an ’87-type of crash,” warns a somewhat excited sounding Marc Faber, adding that he thinks “it will be worse.”
Granny, get your gun? The Internet rumor mill has been buzzing in full force after the Social Security Administration posted notice of a recent ammunition purchase. Why would the agency responsible for pension and disability benefits need 174,000 hol
It's now a question of how and where, not if, solar becomes a dominant force in energy markets.
Stocks are tanking again.
U.S. stocks have taken a sharp turn lower today as the Japanese yen strengthens against the U.S. dollar.
J.P. Morgan's Dimon Describes Year of Pain (WSJ)
From a revised 332k last week, initial claims collapsed 32k to 300k (smashing expectations of 320k) and dropping to the lowest of the recovery.
It was about 5 years ago, roughly the same time we launched our crusade against HFT, that we also first made the accusation that as a result of QE and the Fed's central planning, the forward-looking, discounting mechanism formerly known as the "marke