Wall Street Celebrates longest bull market rally ever… but is it? And Potential black swans ...

08-21-2018 • Tim Picciott

Wall Street Celebrates longest bull market rally ever… but is it? And Potential black swans that could derail the rally

America Is Overdue For Another Economic Disaster

08-21-2018 • https://www.zerohedge.com by George Will

Underneath the current economic boom, there are some truly worrying signs...

Used Car Prices Hit All Time High

08-21-2018 • https://www.zerohedge.com by Nicholas Colas

Regular readers know that we consider used car prices an important, if overlooked, indicator of the true state of the US economy. More Americans buy used vehicles than new ones, making them a deeper measure of consumer sentiment.

US Foreclosures Rise For First Time In 36 Months

08-21-2018 • https://www.zerohedge.com

One month ago we discussed why according to the recent data, the "Housing Market Headed For "Broadest Slowdown In Years." Fast forward to today, when we received the latest confirmation that the US housing market appears to have recently hit a downwa

Workers Pay Rises Most Since 2008

08-20-2018 • arclein

The gas and fuel oil prices are tied to crude oil prices, which tend to fluctuate as oil-producing countries move production targets and face wars, natural disasters, and internal turmoil. Oil speculators then try to take advantage of the market shi

Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony?

08-19-2018 • https://www.zerohedge.com, by Peter Koenig

Sanctions left and sanctions right. Financial mostly, taxes, tariffs, visas, travel bans – confiscation of foreign assets, import and export prohibitions and limitations; and also punishing those who do not respect sanctions dished out by Trump, al

We're All Lab Rats In The Largest-Ever Monetary Experiment In Human History

08-18-2018 • https://www.zerohedge.com, by Tyler Durden

...and how do things usually work out for the rat?

In Surprising Reversal, Pace Of Global Rate Hikes Approaches Pre-Lehman Period

08-18-2018 • https://www.zerohedge.com, by Tyler Durden

Most of the post-Lehman era has been characterized by unprecedented easy monetary policy meant to inflate asset prices, and sure enough after 705 rate cuts, and $12.4trillion in QE, the S&P is just shy of its all time highs.

Dummies' Guide To How "External Dollar Debt" Produces An "Emerging Market Crisis*

08-18-2018 • https://www.zerohedge.com, by Tyler Durden

Emerging market currencies are collapsing pretty much everywhere these days. But it's safe to assume that most people don't understand exactly what's causing this outbreak, why it's happening now, or what "external dollar debt" has to do

Lance Roberts: The Markets Are Now Waving A Huge Red Flag

08-17-2018 • https://www.zerohedge.com, by Adam Taggart

Lance Roberts sees trouble ahead.

Household Debt Hits Record High $13.29 Trillion Led by Mortgages, Student Loans

08-14-2018 • moneymaven.io by Mike Mish Shedlock

A New York Fed report shows household debt hit a new record high of $13.29 trillion in the second quarter.

Household Income and Spending Projections vs Current and Projected CPI

08-14-2018 • https://moneymaven.io

Every month the Fed does a survey of consumer expectations. Let's compare the CPI to what consumers say they will do. Inquiring minds are diving into the New York Fed Survey of Consumer Expectations report for August.?

Cost of living rises at fastest rate in decade

08-13-2018 • http://thehill.com, by JUSTIN WISE

The cost of living in the U.S. is rising at its fastest rate in 10 years, according to new data from the Labor Department.

US Spending On Interest Hits All Time High As Budget Deficit Soars To $684 Billion

08-13-2018 • https://www.zerohedge.com, by Tyler Durden

The US' spending problem is starting to become a major issue.

In Furious Rant Erdogan Lashes Out At Trump: "We See The Game You're Playing, We Dare You**

08-13-2018 • https://www.zerohedge.com, by Tyler Durden

In the wake of the U.S. doubling tariffs on Turkish steel and aluminum on Friday which sent the Turkish lira and capital markets into free fall, Erdogan wrote a Friday New York Times op-ed cataloging his grievances and threatening to walk away from t

When Mainstream Economics Was Wrong, Mark Thornton Was Right

08-13-2018 • By Tom Woods Mises.org

[Foreword to Mark Thornton's new book (Auburn, AL: Mises Institute, 2018).] In the wake of the financial crisis of 2008, the economics profession suffered a blow to what reputation it had. But unlike most of his colleagues, Mark Thornton was vi

Weekend Tweets: Keynesian Time Bombs, Emerging Markets, Turkey, Black Swans

08-13-2018 • https://moneymaven.io

Here's an array of interesting Tweets I compiled this weekend

10 Numbers That Prove That America's Current Financial Condition Is A Horror Show

08-13-2018 • https://www.prisonplanet.com

America's long-term "balance sheet numbers" just continue to get progressively worse. Unfortunately, since the stock market has been soaring and the GDP numbers look okay, most Americans assume that the U.S. economy is doing just fine. But

Real Wages Decline Year-Over-Year

08-11-2018 • https://moneymaven.io, by Mike Mish Shedlock

Wages are not keeping up with consumer price inflation. The average worker is worse off than a year ago.

Markets Update: Crypto-Prices Slide After SEC Announcement

08-09-2018 • Bitcoin News

Prices started dropping yesterday after the U.S. Securities and Exchange Commission (SEC) extended the Cboe exchange-traded fund decision. Immediately after the announcement, bitcoin core (BTC) values shaved off $400 in an hour and the currency has l

Fundstrat's Tom Lee: Bitcoin Misery Index Signal Crypto "Isn't Broken"

08-08-2018 • Zero Hedge - Tyler Durden

In the interview, the Wall Street bull referred to the current indicators of Fundstrat's recently launched Bitcoin Misery Index (BMI), which aims to inform investors of how "miserable" holders of the currency are based on its price and volatili

"Their Wealth Has Vanished": Baby Boomers File For Bankruptcy In Droves

08-07-2018 • Zero Hedge

According to the study, a three-decade shift of financial risk from government and employers to individuals is at fault, as aging Americans are dealing with longer waits for full Social Security benefits, 401(k) plans replacing employer-provided pens

"A Stealth Mortgage On Your House" - The Reality Of The Looming Pension Crisis

08-07-2018 • Zero Hedge

Money manager Rob Arnott and finance professor Lisa Meulbroek have run the numbers on underfunded pension plans and come up with an interesting – and highly concerning – new angle: That they impose a "stealth mortgage" on homeowners. Here's

Here's Why Rip-Roaring Inflation Is Inevitable

08-06-2018 • https://www.zerohedge.com, by Charles Hugh Smith

The stability of America's status quo is illusory.

Schiff: "The Next Crisis Is Not Going To Look At All Like 2008"

08-05-2018 • https://www.zerohedge.com, By Tyler Durden

Peter Schiff is an economist who served as an advisor to Ron Paul in 2008 and even made a run for Senate on his own at one point.

New Age Fiscal Stimulus Is Unprecedented - And Ominous

08-03-2018 • https://www.zerohedge.com, by John Rubino

In a normal business cycle, the economy expands for a while and businesses hire lots of new people at somewhat higher wages, generating enough tax revenue to shrink the government's budget deficit – and in rare cases produce a surplus. So, for a

Multi-Billion Fund Manager Freezes Redemptions At Bond Funds

08-02-2018 • https://www.zerohedge.com, by Tyler Durden

In 2015, at the peak of the commodity-crush induced wave of energy defaults, a high-yield bond fund at Third Avenue in froze withdrawals to avoid having to divest holdings at fire-sale prices. That set off a chain of events that rattled credit market