Here's How Many Americans Are Living Paycheck To Paycheck (Hint: It's A Lot)
• zerohedge.com by Tyler DurdenIs your family forced to count down the days each month until the next paycheck arrives?
Contents Pages by Subject
Economy - Economics USA
This Is How Trump Is Going To Be Blamed For The Next Financial Crash
• zerohedge.com by Mac SlavoOn Wednesday there were a lot of Trump fans who were celebrating the latest progress in the stock market.
Did The Economy Just Stumble Off A Cliff?
• zerohedge.com by Charles Hugh SmithThe signs are everywhere for those willing to look: something has changed beneath the surface of complacent faith in permanent growth.
New Home Sales Plunge to Lowest Annualized Pace in Three Years
• mishtalk.com by MishNew home sales plunged to a seasonally-adjusted annualized rate (SAAR) of 571,000.
New Home Sales Crash In July Following Plunge In Household Formations
• http://www.zerohedge.com, by Tyler DurdenNew Home Sales crashed in July (down a shocking 9.4% MoM compared to expectations of unchanged) following the collapse of household formations in June.
"Winter Is Here" For Housing
• zerohedge.com by Tyler Durden- Whalen Warns "The Crowd Of Buyers Is Thinning"
Sen. McConnell says there's 'zero chance' U.S. won't raise debt ceiling
• http://www.marketwatch.com, By ROBERT SCHROEDERSenate Majority Leader Mitch McConnell said Monday there's "zero chance" that the debt ceiling won't be raised.
Deep Subprime Auto Loan Delinquencies Reach 2007 Levels: The Next Big Short?
• https://mishtalk.comSubprime auto delinquencies have staked up so much that we are back at 2007 milestone levels.
Wal-Mart Slides, Free Cash Flow Fails To Cover Dividends And Buybacks
• http://www.zerohedge.comDespite reporting strong earnings which beat on both the top and bottom line in today's most anticipated earnings report, Walmart stock is down 3%, sliding to the lowest level since late July after it provided full year EPS guidance whose midpoint wa
Housing Starts Unexpectedly Sink, Multi-Family in Huge 34% Retreat Year-Over-Year
• mishtalk.com by MishConstruction spending for the second quarter is off to a slow start as judged by housing starts.
Housing Recovery False Alarm - Starts, Permits Plunge In July As Rental Units Collapse
• http://www.zerohedge.comFollowing June's huge surprise jumps in Housing Starts (revised lower) and Building Permits (revised notably higher), July saw both starts and permits plunge (-4.8% and -4.1% respectively) dramatically missing expectations. The majority of the plunge
Why We're Doomed - Our Economy's Toxic Inequality
• http://www.zerohedge.comAnyone who thinks our toxic financial system is stable is delusional.
Marc Faber and Jim Rogers Agree
• https://www.lewrockwell.com, Financial TribuneMassive money printing to restart the global economy after the financial crisis has blown an even bigger bubble.
Marc Faber and Jim Rogers Agree
• https://www.lewrockwell.comMassive money printing to restart the global economy after the financial crisis has blown an even bigger bubble. Ten years after the last financial crisis, is the world due another one and will it be worse?
Consumer Spending Expectations Down Again: Dear Fed, Why Don't You Believe Your Own Survey?
• https://mishtalk.comFed Chair Janet Yellen keeps citing consumer confidence and jobs as reasons consumer spending and inflation will pick up.
New York Fed Manufacturing Surges To Highest In Three Years But Profit Margins Crushed
• http://www.zerohedge.comThe August Empire State Manufacturing Index printed at a blistering 25.2, reversing last month's plunge to 9.8, smashing expectations of a 10.0 print, and the highest print since September 2014.
Amazon Prime Day helps boost U.S. retail sales in July to 7-month high
• http://www.marketwatch.comAuto sales, Internet shopping fuel 0.6% gain in July retail sales
Jim Rogers says the 'biggest crisis in his life' is less than a year away
• financialexpress.com By Sushruth SunderJim Rogers says,"it would be bizarre if we didn't have a problem."
CPI Weak, Prices of Autos, Lodging Away From Home Drop:
• mishtalk.com by MishEconoday Cheers Rising Medical and Apparel Prices
Great News America - Producer Prices Just Fell For the First Time In 11 Months
• zerohedge.com by Tyler DurdenWhile not quite as enjoyable for the average joe as consumer prices deflation, Producer Prices fell 0.1% MoM in July - the first 'deflationary impulse' since August 2016.
Reagan's Economic Policies Then vs. Today
Menckens GhostCutting taxes in the manner suggested by Messrs. Gramm and Solon is highly unlikely to bring back 1980s growth rates.
Fake Quiet In The Eye Of The Storm
• https://www.lewrockwell.com/2017/08/david-stockmanThe S&P 500 moved by a mere 0.16% yesterday, making it 13 straight days in which the principal stock market average has changed by less than 0.3%. We mention that because it turns out that 13 straight days of virtual flat has never occurred before in
Goldman Is Amazed By The Market's Non-Reaction To The Korean Crisis
• http://www.zerohedge.comOne of the recurring themes of broad market complacency has been traders' unwillingness to price in, or even react, to surging geopolitical risk. This morning, Goldman picks up on this conundrum, with a note by Charles Himmelberg in which Goldman's c
Corporate Leverage Has Never Been Higher
• http://www.zerohedge.com, by Tyler DurdenWith the following chart from Goldman's Robert Boroujerdi, we can finally close the book on whether US corporate leverage is at all time highs. It is... and it's even higher on a "normalized" basis.
Record Number Of Officers Leaving Dallas Police Department
• http://dfw.cbslocal.com, By Jack FinkDallas Police Association President Mike Mata and others sounded the alarm months ago:
Financial Presstitutes Cover Up for the Big Banks
• http://www.paulcraigroberts.org, Paul Craig RobertThe big New York banks no longer perform the banking function of lending to consumers and businesses.
Fed's Labor Market Index Discontinued
• https://mishtalk.com, by MishTHe Fed discontinued its report on the Labor Market Index this month. The rationale makes sense and could equally apply to many reports and procedures.
US Credit Card Debt Surpasses Financial Crisis Record, As Student And Auto Loans ...
• zerohedge.com by Tyler DurdenWho would have expected that today's otherwise boring monthly consumer credit report would be the day's most exciting event.
Dumb - And Dumber - Money Keeps Pouring In
• http://www.zerohedge.comSomeday, stock, bond and real estate valuations will matter again. And the mechanism by which this return to sanity is achieved will probably be the torrent of money now flowing in from people who, for various reasons, don't care about (or under
Greenspan: Bond bubble about to break because of 'abnormally low' interest rates
• https://www.cnbc.comFormer Federal Reserve Chairman Alan Greenspan issued a bold warning Friday that the bond market is on the cusp of a collapse that also will threaten stock prices.
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