
In Nearly 70% Of US Counties, The Average Worker Can't Afford To Buy A Home
• zerohedge.com by Tyler DurdenHousing, as we've pointed out in the past, is perhaps the most reliable bellwether of widening economic inequality in the US.
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Housing, as we've pointed out in the past, is perhaps the most reliable bellwether of widening economic inequality in the US.
Stocks rebounded Monday after their precipitous fall late last week. The Dow Jones rose 669 points. Then on Tuesday, it tanked again, falling over 300 points.
With US and European stock markets near historical highs, Rogers is looking for investments in Russia, China, Japan or Vietnam
This should be obvious, of course, to anyone familiar with the history of agriculture in the United States. In the 18th century, nearly all Americans were involved in the production of agricultural products. By 2008, only two percent of Americans wor
I am going to break from regular market commentary to step back and think about the big picture as it relates to debt and inflation. Let's call it philosophical Friday. But don't worry, there will be no bearded left-wing rants. This will definite
The Economic projections made at today's FOMC meeting are straight from Fantasyland
Some claim we have reached peak gold. It depends on what one means by the term. Perhaps we have reached peak production.
"Subject to Likely Downside Annual Benchmark Revisions this Coming Friday, February Industrial Production Jumped by 1.1% (0.9% Net of Revisions), Reflecting improbable Strength in Manufacturing and Mining.
The WSJ says there is a "historic shortage of homes". That's nonsense, but sales are depressed. Why? Real wages explain.
Just ask Greece how well continually raising taxes and spending works.
China's gross domestic product is forecast to reach about $13.2 trillion in 2018, beating the $12.8 trillion combined total of the 19 countries that use the euro, according to data compiled by Bloomberg.
Prior to becoming President, Donald Trump accurately called the U.S. economy a "big, fat, ugly bubble." That hasn't changed, other than the big fat bubble being even uglier! Homelessness is skyrocketing. What's going on? Ron Paul talks about go
Retail sales unexpectedly fell again in February. It was the third straight monthly drop and the first time the US economy has seen three straight months of declining retail sales since 2012.
The answer is not yields, tariffs, war, famine, or Trump; although any of those could contribute to the selloff. Here is a Tweet discussion leading up to the correct answer which will likely surprise many.
New Jersey Prepares To Raise Taxes On "Almost Everything" As It Nears Financial Disaster
Every month the NY Fed surveys consumers as to what they will spend in the upcoming year. The Downtrend is still intact.
Broadcom executives should've seen this coming.
It's not just libertarians and conservatives who recognize that there is a problem.
After Friday's excited celebration of slowing wage growth spiked 30Y Treasury yields, it appears a weekend of reality-checks has prompted some to see economic growth prospects sliding...
If you're getting the sense that stocks always go up, that's because they've been doing so for a really, really long time. From CNBC today:
February is traditionally not a good month for the US government income statement: that's when it usually runs a steep monthly deficit as tax returns drain the Treasury's coffers.
Amid all the talk of wage growth and surveys suggesting input and output prices are soaring, the market for 'inflation expectations' is suddenly flashing a recessionary red flag not seen since July 2008.
To understand the current monetary chaos, it is necessary to trace briefly the international monetary developments of the 20th century, and to see how each set of unsound inflationist interventions has collapsed of its own inherent problems, only to
A liquidity crisis in housing is on the way. Non-banks are at the center of the storm.
Economic, financial, and geo-political discussion on important events that are shaping our world, and your wallet
Doug Casey (Chairman of Casey Research) on current economic issues; crypto-currencies - Sarara Corva and Jim Carberry (Both Medical Marijuana Education Experts) on getting their patent for UNDOO - Kenneth Schortgen, Jr (The Daily Economist) on the e
The Fed says incessantly that "price stability" is part of their dual mandate and they are committed to maintaining the purchasing power of the dollar. But the Fed has a funny definition of price stability.
Trump says winning a trade war is easy. Really?
Recently, a lot of signs have been pointing to a financial crisis the likes of the Great Depression hurtling toward us, but no one wants to heed these warnings.
Putin is goading the US to pour vast fortunes into countering weapons Russia isn't close to fielding