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Many pension funds for public workers already owe far more in retirement benefits than they have in the bank, and the problem will only grow worse if the economy slows down, according to a report released last week.
Thanks to a modest downward revision in February's print, March's Case-Shiller 20-City Composite Home Price Index rose at 6.79% YoY - the fastest price appreciation since June 2014.
Host:
Ernest Hancock
Dr Phranq Tamburri, NMD (Trump Report) on boycotts and why SOLO will not save Star Wars -- Charles Goyette (Author, Commentator) comes in studio to provide an update on the economy
There is a group of bankers for whom "better" means "worse" for everyone else:
Back in January of 2016 we saw what appeared to be, and in my opinion should have been, the end of the Everything Bubble blown by the word's central banking cartel.
Today, America is nearly 70 trillion dollars in debt, and that debt is shooting higher at an exponential rate.
I'm shedding a different light on consumer debt...
Following March's mixed bag of good orders improvement and shipments weakness, April's preliminary data showed durable goods orders tumbling more than expected (-1.7% MoM vs -1.3% exp, and down steeply from last month's 2.7% rise).
I've said the title of this issue a few times before in The 10th Man, here and here. When rates go up sharply, stuff blows up, because lots of people are negatively exposed to higher rates
If you think the economy is improving, you better check your facts and some disturbing trends.
After a two-month rebound from January's plunge, new home sales disappointed in April, dropping 1.5% MoM to a SAAR of 662k (below the 680k expectation).
Host:
Ernest Hancock
Michael Eliot (Founder of Ventive Floathouse) on private cities through seasteading using the modular floathouse concept - Tom DeWeese (President of the American Policy Center) on private property rights in today's world, free enterprise, Red Pill Ex
A report on home prices and housing wealth contains a set of interesting charts and observations.
QEasy Street is over... that's the message from former fund manager Richard Breslow, but traders are yet to admit this new reality to themselves.
The fiscal outlook for the United States "is not good," according to Goldman Sachs, and could pose a threat to the country's economic security during the next recession.
Today we will summarize something I've been thinking about for a long time.
You know all those reports about how lots of Americans can't afford a $1000 surprise expense like a medical bill or a car repair? Well, forget additional expenses. It turns out that nearly half of the families in America are struggling to pay for f
A noted free-market intellectual, Glenn Hubbard, dean of the Columbia Business School, has escaped from the economics echo chamber and admitted that prevailing dogma has holes in it. Now we need some noted left-liberals to escape from their echo cha
Here's another sign that the air is starting to come out of the subprime automobile bubble.
The Ultimate Red Pill (Complete Video)
The Ultimate Red Pill (Complete Video)
The Ultimate Red Pill (Complete Video)
Mortgage rates are the highest since September 2013. If this level breaks, next target is February 2011. Mortgage News Daily notes Mortgage Rates Jump to 7-Year Highs.
It makes little sense to refi at these rising rates. But here we are.
Last week, used car prices had their biggest drop since 2009 – directly after the financial market meltdown of 2008.
Fed tightening has been a reliable catalyst for the bursting of asset bubbles globally, says Crescat Capital.
US Retail Sales, China Data Barrage; Non-Stop Fed Speakers
Yesterday, we showed that according to Macquarie strategist Viktor Shvets, the biggest danger facing investors in the next 12 months is a sudden, explosive move higher in the dollar, as a result of a quiet shrinkage in global dollar supply and an ina
It's always a pleasure to do video podcasts with Max Keiser and Stacy Herbert. Here is one we did last week. Max and Stacy talk about fake journalists, income, opioids, and charts. I come in at the 12:45 mark to discuss jobs, unemployment, wage
It is at times frustrating, but also interesting, to witness the progression of the mainstream's awareness of economic crisis within the U.S. over the years. As an alternative economist, I have had the "privilege" of perching outside the financ
